SOURCE: Coastal Services Group

June 29, 2005 07:00 ET

Coastal Services Group (Pink Sheets: CSVG) Announces Management Team and Board Members

FALLS CHURCH, VA -- (MARKET WIRE) -- June 29, 2005 -- Coastal Services Group, Inc. (OTC: CSVG), a provider of telecommunications and related services to Africa and African immigrants, today announced that it has solidified its management team and board of directors.

CEO John H. Page leads Coastal's business development and implementation. He is an experienced telecommunications company executive who has previously planned and built a telecom company focusing on a developing country; operated a telecom consulting practice within Deloitte & Touche; advised on numerous telecom projects in Africa including DRC, Angola, Ghana and Sudan; and ran the Washington, DC, office of a Kleiner Perkins company providing services to telecommunications operators. He qualified in Operational Telecommunications while at British Telecom, where he was a runner-up for the Sir William Ryland prize for innovation.

Chairperson Olanike Oyefeso-Watts oversees the vision and execution of Coastal's long-term strategic plan. An experienced management consultant, Oyefeso-Watts has helped numerous organizations successfully combine the management of strategy, change and business performance to build long term competitive capabilities. At companies such as SRA International and Smith Dawson & Andrews, she has worked extensively with information technology, public affairs, telecommunications and biotechnology firms, both domestic and international. She is well-versed in international finance and business operations and has consulted on several international development projects in Asia and Africa. She earned her master's degree in international management from the University of Maryland and B.A. in economics and finance from the Catholic University of America.

President Vivien Jones controls Coastal's network operations and sales in Africa. He has extensive business experience, including work for such companies as IBM Global Services' "Innovation Center" and Verizon, covering design, integration, delivery, operation and maintenance of complex systems. As an entrepreneur, Jones has founded several companies and partnerships. He holds an MBA from Suffolk University, Boston, Massachusetts, an MS in computer science from Boston College, Chestnut Hill, Massachusetts, and a BS in mathematics from Cuttington University College, Liberia, West Africa.

CFO Jeff Guzy served as general manager of broadband deployment at Loral Space Systems, where he developed Loral's satellite Internet access business in North and South America, prior to joining Coastal. Guzy previously was a founder of FaciliCom International, an international carrier with $500 million in annual revenues. In this capacity, he was instrumental in building the company's service in 17 countries as executive vice president of sales, marketing, product and business development. Guzy has held key executive positions at several large international carriers, including Comsat International, Sprint and Bell Atlantic. He has held program and project start-up responsibilities along with senior business development positions at all of these firms. He holds an MBA from the University of Pennsylvania's Wharton School of Finance, an MS in Systems Engineering from the University of Pennsylvania, a BS in electrical engineering from Penn State University, and an associate degree in theology from Georgetown University.

About Coastal Services Group

Coastal Services Group, Inc. (OTC: CSVG) is headquartered in Falls Church, Virginia. The company owns a network and other assets to serve its customers in Africa and provides services to African immigrants in the United States. For additional information on the company, please visit www.coastalservicesgroup.com or email investor@coastalservicesgroup.com.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Coastal Services Group disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.

Contact Information

  • Investor Contact:
    Jesus Rodriguez
    305.776.4535