InPhonic Adds Two Industry Veterans to Accounting Team; InPhonic Names George Moratis and Jim Vedder to Key Management Roles on the Accounting Team
WASHINGTON, Nov 16, 2005 (BUSINESS WIRE) – InPhonic, Inc. (NASDAQ:INPC), a leading online seller of wireless services and products, announced the addition of two seasoned veterans to InPhonic's accounting department. Their addition brings more than 30 years of financial experience at publicly-traded companies, regulatory agencies and accounting firms. Both joined the Company in October and in addition to other responsibilities will divide and assume the day to day responsibilities of our former chief accounting officer.
"Both George and Jim are integral additions to InPhonic's accounting group and a great complement to an already experienced team," said InPhonic's Chief Financial Officer Lawrence S. Winkler. "Their extensive experience will serve both the Company's strategic initiatives and provide substantial controls to our ongoing businesses and financial reporting requirements."
George Moratis will serve as InPhonic's Senior Vice President for Financial Reporting & Analysis. Prior to InPhonic, Mr. Moratis served as Senior Vice President and Treasurer of USA Mobility in Alexandria, Virginia. Mr. Moratis was Chief Financial Officer, Treasurer and Principal Accounting Officer of Metrocall Holdings until its acquisition by USA Mobility in November 2004. Since 1998, Mr. Moratis had served as a vice president and later, senior vice president within Metrocall's finance group until his appointment as CFO in 2003. Prior to joining Metrocall, Mr. Moratis spent several years with MCI Communications Corporation, the Securities and Exchange Commission, and Deloitte & Touche in several different roles. A graduate of the University of Pittsburgh, Mr. Moratis holds a degree in Business/Economics, and is a certified public accountant.
Jim Vedder will serve as InPhonic's Corporate Controller and Vice President. Prior to InPhonic, Mr. Vedder served as a Senior Director of Finance for Tandberg ASA and Chief Financial Officer of Tandberg Americas. Before Tandberg, he worked as Director of External Reporting for The AES Corporation, and in various accounting and finance roles with several telecommunications companies, including Global TeleSystems Group and MCT Corporation. Mr. Vedder began his career at PricewaterhouseCoopers where he worked on a variety of client service engagements including audits, capital market transactions and mergers & acquisitions. A graduate of Indiana University of Pennsylvania, Mr. Vedder holds dual degrees in Accounting and Finance, and is a certified public accountant.
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ:INPC) is a leading online seller of wireless services and products. InPhonic sells these services and devices, and provides world-class customer service through websites that it creates and manages for online businesses, national retailers, member-based organizations and associations under their own brands. InPhonic also operates Wirefly (www.wirefly.com), a leading one-stop comparison mobile phones and wireless plans shopping site that has been awarded "Best of the Web" by Forbes magazine and "Best in Overall Customer Experience" by Keynote Performance Systems. InPhonic also delivers a full range of mobility solutions to enterprise clients through its Mobile Virtual Network Enablement (MVNE) platform. In 2004, InPhonic was selected #1 company of the year on the Inc. 500 - Inc. Magazine's list of the fastest-growing privately held companies in the United States. More recently, InPhonic was named T-Mobile's Internet Partner of the Year for 2004. For more information on the company, its products and services, visit the InPhonic Corporate Web site at www.inphonic.com. INPCG
"Safe Harbor" Statement - Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by the Company. This press release and statements are current as of the date of the individual announcements and the Company undertakes no obligation to publicly release any revisions to any forward-looking statement to reflect events or circumstances after the date thereof or to reflect the occurrence of unanticipated events.
SOURCE: InPhonic, Inc.