SOURCE: Coastal Services Group, Inc.

August 05, 2005 07:00 ET

Ray O'Brien Joins Coastal Services Group (Pink Sheets: CSVG) Board of Advisors

FALLS CHURCH, VA -- (MARKET WIRE) -- August 5, 2005 -- Coastal Services Group, Inc. (OTC: CSVG), a provider of telecommunications and related services to Africa and African immigrants in the United States, announced today that telecom industry veteran Ray O'Brien has joined the company's Board of Advisors.

O'Brien is currently CEO of Verestar, where he restructured the company and led negotiations on its acquisition by SES Americom late last year. Prior to joining Verestar, he held executive-level positions with such companies as Sprint, Statoil and SkyTel. During his 12 years with Sprint, O'Brien had a broad range of responsibilities including president of several business units. At SkyTel, he introduced the first two-way narrowband PCS network.

Coastal Services Group CEO John Page welcomed O'Brien at Coastal's offices in Tyson's Corner in Northern Virginia. "Ray brings to Coastal more than 25 years of industry experience, ranging from Sprint to start-ups, as well as a network of contacts in finance. He also brings a real enthusiasm for our African ventures," said Page.

O'Brien, who has been asked by SES Americom to stay at the helm of Verestar during the transition, promised to take a "very active role" as an advisor to Coastal. "I've spent most of my life in high tech, with a detour for a few years in the energy industry with Statoil. This is my first opportunity, though, to work on high tech projects in developing markets, which has long been an interest of mine. Telecom development in Africa in the past ten years has been both an amazing social and technical story and an excellent investment, and working with Coastal offers the chance to contribute to these developments," O'Brien said.

About Coastal Services Group

The company designs installs and operates international telecommunications networks offering wireless broadband and other related services for 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