SOURCE: Soapstone Networks

July 16, 2008 08:00 ET

Soapstone Networks Announces Appointment of Mike Cayer as General Counsel

BILLERICA, MA--(Marketwire - July 16, 2008) - Soapstone Networks Inc. (NASDAQ: SOAP) today announced that Michael J. Cayer has joined the Company as Vice President, General Counsel and Secretary.

"With his experience in the software industry, Mike will be an important addition to our management team," said Bill Leighton, Chief Executive Officer of Soapstone Networks. "Mike is a seasoned professional with extensive experience in contracts, licensing, securities law, intellectual property, and corporate governance."

Mr. Cayer had previously served as General Counsel at BladeLogic, where he helped to lead the Company through the IPO process and eventually through an acquisition by BMC Software in April of this year.

Prior to BladeLogic, Mr. Cayer was general counsel at several public and private companies including Saville Systems PLC, Curaspan Inc., and Trellix Corp., and associate general counsel at Thermo Electron. He began his legal career as an associate at Testa, Hurwitz & Thibeault in Boston.

Mike received a B.A. degree from Harvard University and his J.D. from Boston College Law School.

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