SOURCE: TXP Corp.

TXP Corp.

March 02, 2009 07:30 ET

TXP Names Terry Orosco, Formerly With Ascend Communications, Cisco and Sun Microsystems, as Executive VP of Global Sales and Business Development

RICHARDSON, TX--(Marketwire - March 2, 2009) - TXP Corporation (OTCBB: TXPO), an Original Design Manufacturer (ODM) for the telecommunications industry, today announced the appointment of Terry Orosco as Executive VP of Global Sales and Business Development.

"Mr. Orosco has a long history in the telecom equipment industry of leading world-wide sales and marketing initiatives, creating new business development strategies and growing small venture-funded companies into nationally recognized names," said Michael Shores, President and CEO of TXP Corporation. "With his strong relationships in the industry, both domestic and internationally, Terry's appointment drives home TXP's commitment to strengthening our OEM partnerships and growing our Service Provider customer base."

Terry brings 25 years of sales management and business development leadership to TXP, and this will be especially valuable to our growth as the leading independent supplier of fiber Optical Network Terminals (ONTs) used in fiber-to-the-home (FTTH) applications.

Prior to joining TXP, Mr. Orosco served as Senior Vice President of Global Sales and Business Development at NetSocket Corporation, where he developed channel partner relationships and established a global sales presence for the company. Previously, Terry served as the Vice President of Worldwide Sales at Aktino and AudioCodes/Netrake. He has also held senior sales positions at ECI Telecom, Verilink, Ascend Communications, Cisco Systems, and Sun Microsystems. Terry is a U.S. Air Force veteran and holds a BSEE from the University of Texas and completed the Advanced Management Program at Harvard University.

About TXP

TXP is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Prototyping, ONT and Retrofit Solutions. TXP-ONT Solutions develops and markets, via an ODM model, a line of Carrier-Class CPE products including home gateways and the world's broadest independent family of ONT products to both OEMs and ILECs. ONTs are used in FTTH-based services to terminate the passive optical network at the home or business location, and enable integrated voice, video and high-speed internet access. TXP-Retrofit Solutions provides custom engineered kits that enable ILECs to upgrade their local access service delivery infrastructure at minimum cost and time, enabling a wide range of next generation telecom platforms to easily fit into the variety of remote OSP cabinets that have been broadly deployed over the last 30 years. For more information visit: http://www.txpcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.

Contact Information

  • Investor Relations:
    David K. Waldman / Klea K. Theoharis
    Crescendo Communications
    (212) 671-1020