SOURCE: Superwire,Inc.

July 20, 2005 09:23 ET

Superwire, Inc. Strengthens Executive Team With Appointment of Kevin Shea to Chief Financial Officer

NEWPORT BEACH, CA -- (MARKET WIRE) -- July 20, 2005 -- Superwire, Inc. (OTC: SUPW), an integrated broadband services company delivering Triple-Play IP-based telephone, digital television and high-speed Internet services to multi-tenant properties, gated communities and residential neighborhoods, announced today the appointment of Kevin Shea as its Chief Financial Officer.

Mr. Shea brings over 20 years of both public and private company experience, focused in the communications and data services industries. During his career, he has been responsible for driving strategic development, acquisition planning and debt and equity capital market activities for high-growth domestic and international telecommunications companies. Mr. Shea has served as the head of Corporate Development for a pan-European telecommunications and IP/data services provider. He also has served as Treasurer of a wireless communications services provider where he led all private and public corporate finance and M&A undertakings. Immediately prior to joining Superwire, Mr. Shea served as Financial and Chief Restructuring Executive for a number of service and manufacturing businesses.

"We are very pleased to have Kevin join the company as a member of our senior management team," said Tighe A. Merelli, CEO of Superwire, Inc. "His experience in the telecommunications and cable television industries coupled with his vast financial background makes him an ideal choice for this role. As our CFO, Mr. Shea will be focused on corporate governance matters and leading our return to compliance with proscribed SEC reporting requirements while also driving our anticipated growth through mergers and acquisitions as well as through strategic partnering."

Mr. Shea graduated from Marquette University, Milwaukee, WI. With a BBA in Finance and Marketing and studied corporate turnarounds and restructurings at New York University School of Law in New York City.

Safe Harbor Statement -- This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the results of Superwire, Inc. to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief, opinions as to value based upon financial projections, and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties. Superwire, Inc. assumes no obligations and does not intend to update these forward-looking statements.

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