Teleunit S.P.A.

June 16, 2005 02:06 ET

Teleunit S.p.A-Appointment of New COO; promotion of Francesco Cimica to CEO and Gianfranco Cimica to Executive Vice Chairman

LONDON, UNITED KINGDOM--(CCNMatthews - June 16, 2005) - Teleunit Spa, ("Teleunit S.p.A" or "the Company") (AIM:TLU), a provider of fixed line telephony, wireless broadband, international calling cards, premium access numbers, content for mobile and wholesale services in Italy, is pleased to announce the appointment of Mr Ezio Peri, who joins the Company as Chief Operating Officer with immediate effect.

Mr Peri brings over twenty years' operational telecommunications, information technology and electronic engineering experience at board level in blue-chip businesses including Telecom Italia, Sun Microsystems, Olivetti Research, Delphi S.p.A, Nodalis and HG3 SpA. At H3G, Ezio Peri held the position of Business Sales Director and prior to that he was a Director in the Commercial Department of Nodalis. From 1998 until 2000, Mr Peri was Vice President of Business Marketing at Telecom Italia Mobile.

As formerly announced, the Board has executed its previous intention to promote Francesco Cimica, current Chief Operating Officer, to Chief Executive Officer and Gianfranco Cimica, the current Chief Executive Officer, to Executive Vice Chairman. The move from Chief Executive Officer allows Gianfranco Cimica to focus on the strategic development of the Group.

Gianfranco Cimica, Executive Vice Chairman of Teleunit, commented: "We are delighted to welcome Mr Peri as Chief Operating Officer of Teleunit. He has considerable relevant experience and is a strong addition to the management team.

"I am confident that Mr Peri will make a significant contribution to Teleunit and help us to continue our track record of strong growth as the Company addresses the increasing demand for our products and services.

"The promotion of Francesco Cimica to CEO underlines his excellent efforts since Teleunit's inception. Francesco, in his new role, will be able to continue to provide strong leadership and control of the Company."

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