SOURCE: Soapstone Networks

October 16, 2008 07:30 ET

Soapstone Networks Announces Appointment of Donald Wadas as Senior Vice President of Worldwide Field Operations

BILLERICA, MA--(Marketwire - October 16, 2008) - Soapstone Networks Inc. (NASDAQ: SOAP) today announced that Donald Wadas has joined the Company as Senior Vice President of Worldwide Field Operations with responsibility for heading Soapstone's global sales and services organizations. Mr. Wadas joins Soapstone Networks from Brix Networks where he was responsible for leading the worldwide sales and customer support organization, focused on selling converged service assurance solutions to tier one and tier two carriers globally. Mr. Wadas was also instrumental in the sale of Brix to EXFO Inc. earlier this year. Mr. Wadas joined Brix following a successful 27 year career where he was responsible for leading sales organizations at companies such as Telcordia, Granite Systems, Level 3 Communications, and AT&T Paradyne.

"We are very excited to have Don join Soapstone's executive leadership team," said Bill Leighton, Chief Executive Officer, Soapstone Networks, Inc. "Don brings a wealth of general management and sales expertise, with great experience in serving the world's largest customers, particularly those customers who rely on technological innovation and high performance to realize their business success."

Before joining Brix Networks, Mr. Wadas was Global Vice President of Sales at Telcordia Technologies where he was responsible for Next Generation OSS products. Prior to that Mr. Wadas served as Vice President of Sales at Granite Systems, preceding its acquisition by Telcordia. Earlier in his career, Mr. Wadas served in a range of executive assignments where he was responsible for the sales of a variety of broadband based services and solutions.

Soapstone is a trademark of Soapstone Networks Inc.

This release contains information about Soapstone's future expectations, plans, and prospects, including Soapstone's expectations for annual revenue, profitability, product introduction, commercial activities and the growth opportunity for Soapstone Networks, that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Statements made with regard to interim results are not necessarily indicative of results that may be expected for future interim periods or for the full year. When used in this press release, the word "will," "expected" and other similar expressions are intended to identify such forward looking statements. Such risks and uncertainties include, but are not limited to, Soapstone's ability to manage the transition of its core router business, the early stage of Soapstone Networks, market acceptance of our products, services and enhancements, dependence on our major customer, customer purchasing patterns and commitments, development of the market place, product development and enhancement, intensity of competition of other vendors, technological changes, reliance on technology and distribution partners, and other risks set forth in Soapstone's filings with the Securities and Exchange Commission. Soapstone does not undertake any duty to update forward-looking statements.

About Soapstone Networks

Soapstone Networks Inc., headquartered in Billerica, Massachusetts is at the forefront of the movement to Carrier Ethernet by delivering resource control systems that help to realize the value of NGN software-provisioned services in the new Carrier Ethernet transport network. Soapstone's common control framework decouples services from underlying network technologies. The Soapstone solution dynamically provisions precise, SLA-quality services, continuously optimizing utilization of network resources to bring orderly, predictable business-driven behavior to service provider networks. Soapstone changed its name from Avici Systems in the first quarter of 2008. Avici has provided purpose-built carrier-class routing solutions for the Internet. Such routing systems provide IP solutions to some of the world's leading service providers. The future of Carrier Ethernet -- www.soapstonenetworks.com.

Contact Information

  • For more information, contact:
    Inna Vyadro
    Director of Investor Relations
    Soapstone Networks
    978-715-2300
    Email Contact

    William J. Stuart
    Chief Financial Officer
    Soapstone Networks
    978-715-2300
    Email Contact