Press Release Headlines

Perseus Telecom Hires Wendell Kadunce as Executive Vice President of Global Sales

New executive brings 20 years of sales leadership and business development experience within the Internet/Telecommunications industry

NEW YORK, Jan. 17, 2012 — Perseus Telecom, a global provider of connectivity, today announced the appointment of Wendell Kadunce as Executive Vice President of Global Sales. The former Vice President of Carrier Sales for Reliance Globalcom joins Perseus Telecom as part of the firm's aggressive revenue growth plans and will be responsible for direct sales, strategic partnerships and business development.

Mr. Kadunce brings with him more than 20 years of telecoms expertise. While at Reliance Globalcom, he built the U.S. sales team from the ground up and increased the revenue by six times within six years. Mr. Kadunce also set up strategic partnerships with Level3 and Global Crossing to augment their global MPLS and Ethernet offerings.

Mr. Kadunce commented, "I'm thrilled to be joining Perseus Telecom, a company I have always thought to be cutting-edge and fast-growing. I'm looking forward to leveraging my experience to help continue the firm's success."

Prior to Reliance Globalcom, Mr. Kadunce held strategic positions at Teleglobe, Cable & Wireless America and UUNET Technologies.

"We are very pleased to have Wendell join the Perseus Telecom executive team. He has a stellar reputation in the global telecom industry and his experience and knowledge of the market is invaluable," comments Jock Percy, CEO of Perseus Telecom. "2012 will be another year of innovation and robust growth for Perseus Telecom and bringing on Wendell is a strategic hire for the organization."

About Perseus Telecom

Perseus Telecom is a global provider of telecommunications with a focus on ultra-low latency networks that works with the world's leading fiber asset providers and technology owners to provide its clients with the right network solution at the right price. Perseus Telecom is able to access an extensive global infrastructure while ensuring that service-level solutions are also cost-effective. Perseus Telecom customers include Banking, Finance and Fund Management Institutions, Broadcast Media and Entertainment Companies, Law Firms and Capital Partnerships, Global Manufacturers and Pharmaceutical Companies. Perseus Telecom's management team has decades of experience in major Tier 1 carrier companies and operates from offices in London, Dublin and New York. For more information on Perseus Telecom, go to http://www.perseustelecom.com.

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