ECT appoints two industry gurus from Deutsche Telekom and Siemens Business Services as non-executive directors Monday 10 September 2001 PDF Print Munich, 10 September 2001 - European Computer Telecoms AG (ECT), that produces software-based switches and provides intelligent value added services for network operators, today announced two prominent non-executive directors have joined the six-member supervisory board of ECT: Wolfgang Burghardt, Head of Intelligent Network Systems (IN) at Deutsche Telekom, and Dr. Christian Kühl, Senior Vice President of Global Portfolio Management at Siemens Business Services. Wolfgang Burghardt has over 30 years of experience at Deutsche Telekom. For more than 10 years, he has participated in all major developments and standardisation committees within the field of intelligent networks technology. Having played a leading role in the elaboration of international standards for signalling at the CCITT / ITU-T (Telecommunication Standardisation Sector of the International Telecommunications Union) and the European Telecommunications Standards Institute (ETSI), Burghardt enjoys an outstanding reputation within the intelligent networks sector. Dr. Christian Kühl has more than 14 years of marketing and sales experience in the telecoms industry. As Vice President at Siemens Business Services, Dr. Kühl focuses on systems sales, system integration and the provision of complete turnkey solutions within telecoms. Prior to his current position, Dr. Kühl was Senior Vice President for Sales and Marketing at Mannesmann Arcor in Eschborn, Germany, and he has also held various positions in sales and product management at Siemens AG. "I am very pleased to join ECT as a non-executive director and look forward to assisting them in their continued elaboration of cutting-edge intelligent telecoms solutions", says Dr. Christian Kühl. "It's a great honour for us to welcome two more leading telecoms experts, Wolfgang Burghardt and Dr. Christian Kühl, as non-executive directors. Their many years of experience in telecoms, their expertise and, last but not least, their personal network within the industry will fuel our continued growth," comments Dr. Marshall E. Kavesh, CEO and co-founder of ECT. ECT raises share capital to 2.5 million euros ECT has also announced a major increase in its share capital from 106,500 euros to 2.5 million euros, financed completely from its own profits and capital reserves. On this basis, ECT is launching a stock-option programme for its employees, board of directors and non-executive directors. Furthermore, in a unanimous vote, the shareholders have allocated up to 20% of the share capital for mergers and acquisitions via share exchanges to be negotiated at the discretion of the board of directors. With these major changes in its financial structure, ECT has once again proven its financial strength and clearly over-scored its expansionary course. "With these new financial and corporate milestones, we've laid the groundwork for the next phase in our corporate development. And as part of our strategic planning, we're keeping all our options open, including going public, but in light of our full order books, our financial independence and the weak stock markets, we're taking a relaxed approach." Stock-Option Programme ECT has also allocated 10% of its increased share capital for stock options to be granted to employees and directors. "We are happy we can now offer an additional long-term incentive model with this stock-option programme. We will thus not only reward our highly dedicated and qualified team, but also win even more expertise for our corporate expansion," notes Dr. Kavesh. "And of course, we also have the ECT bonus system, through which our current 58 employees directly share in the company's financial success." About European Computer Telecoms AG European Computer Telecoms AG was established in Munich in 1998, not long after the German telecommunications market was liberalised. The company develops and manufactures next-generation public switching solutions on the basis of open-standard, Internet-compatible software and computer technologies. As well as providing intelligent switching and service platforms, ECT also helps its customers to open up new markets. Its services range from creating new sources of revenue and optimising the use of existing telecommunications infrastructure to the rapid introduction of new services. ECT's customers include large public network operators as well as up-and-coming young carriers. The AutoCarrier(, a switching system developed and marketed by ECT, is the first ever softswitch to use one and the same hardware platform to provide a connection to the public telephone networks as well as to implement intelligent value-added services. With its platform for intelligent networks, INtellECT(, ECT also realises intelligent value-added services on the basis of an intelligent network with INAP CS1 and CS2. Network operators, telephone companies and Internet service providers can use service applications to respond instantly to changing patterns of demand in their markets. They can develop entirely new services, becoming innovators in their particular sector. A wide range of technologies - such as prepaid or postpaid billing, data warehousing, advanced routing, interactive voice response (IVR), Web-based administration, automatic call distribution over the network, unified messaging, digital recording, text-to-speech and speech recognition - can be implemented as new, intelligent services without the need for high investment or long run-up periods. ECT is constantly developing and integrating additional service applications, all of which can be implemented directly on ECT softswitches without any additional hardware. And the Internet can be used to make all services directly available to resellers and end customers. For more information, visit the ECT Web site at http://www.ect-telecoms.co.uk For additional press information, please contact: European Computer Telecoms AG Albrecht Faber Ridlerstrasse 55 80339 Munich Germany Telephone: +49 (0) 89 55 29 47 - 0 Fax: +49 (0) 89 55 29 47 - 111 E-mail: firstname.lastname@example.org Text 100 David Reeks Power Road Studios 114a Power Road Chiswick London W4 5PY Telephone: +44 (0) 20 8996 4136 Fax: +44 (0) 20 8996 1236 E-mail: email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Text 100 London in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.