SOURCE: Cinnabar Ventures, Inc.

Cinnabar Ventures, Inc.

February 19, 2010 08:00 ET

Telecom Veteran, Frank Mambuca, Appointed to Cinnabar Ventures, Inc.'s Board of Directors

FORT MYERS, FL--(Marketwire - February 19, 2010) -  Cinnabar Ventures, Inc. ("Cinnabar") (OTCBB: CNBR), the creators of Yippy, www.yippy.com, a cloud-based applications services environment currently in beta, announces the appointment of telecommunications pioneer, Frank Mambuca, to the company's Board of Directors. Last month, Cinnabar announced the pending acquisition of US Metropolitan Telecom LLC ("US Metro") www.usmetrotel.com, where Mr. Mambuca holds the position of President and Chief Executive Officer.

Frank Mambuca has been President & Chief Executive Officer of US Metro since its inception in 2006. Prior to that, Mr. Mambuca was President & Chief Executive Officer of American Wireless Providers, a wireless networking start-up company in southwest Florida that deployed WiMax networks. Mr. Mambuca also served as the Group Vice President of Global Operations for Level 3 Communications ("Level 3") based in Denver, Colorado, with responsibility for global customer operations, service activation, network management, and field services for Level 3's 40,000+ mile fiber-optic network that spans three continents and one ocean. Prior to his Group Vice President appointment at Level 3, Mr. Mambuca held the positions of Senior Vice President Global Field Services, Vice President of North American Field Services and Vice President of Eastern Field Operations.

"We applaud the efforts of other cloud computing businesses in bringing forward the importance of a fiber network in enabling the most complete web based experience possible," said Richard Granville, Chief Executive of Cinnabar. "Recognizing the unique leverage between network infrastructure and cloud software solutions, the management team at Cinnabar is in the execution and deployment phase of that very vision. We value the leadership that Frank Mambuca will provide to our board as he is at the forefront of developing and leveraging these new fiber based and data technologies."

"Cinnabar's development of a data delivery network capable of supporting high bandwidth connections is instrumental in meeting future customer demands for enhanced applications," said Frank Mambuca, President, US Metro. "I look forward to lending my experience to support Cinnabar's continued growth and industry leadership."

About US Metropolitan Telecom, LLC:

US Metropolitan Telecom, LLC is a locally-owned telecommunications company, based in southwest Florida. US Metro built and operates its own state-of-the-art fiber-optic cable network. This fiber-optic network extends along every major thoroughfare in Collier County and Lee County in the state of Florida. US Metro continues to expand this fiber-optic network to support its growing customer base. Using this fiber-optic network, US Metro is a formidable competitor in providing voice, data, and internet communications services to the business community in the southwest Florida marketplace.

About Cinnabar Ventures, Inc.

Based in Fort Myers Florida, Cinnabar Ventures, Inc., www.cinnabarcompany.com, is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments.

Forward-Looking Statements

Pursuant to The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Cinnabar Ventures, Inc. can be found in the filings of Cinnabar Ventures, Inc. with the U.S. Securities and Exchange Commission.

Contact Information

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    Vorticom, Inc
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