November 04, 2002

Myrio Corporation Names Kevin Kosche and Roger Shanafelt to Executive Team

Telecommunications and software industry veterans bring large enterprise experience to Myrio

Kirkland, Wash. - Myrio Corporation, the leading provider of software technology that enables the delivery of Digital TV and advanced entertainment services over broadband networks, announced today the addition of two executives to its management team. Kevin Kosche and Roger Shanafelt have been named to the positions of Vice President of Sales and Marketing, and Vice President, Corporate and Business Development, respectively.

Kosche previously held a variety of Vice President positions with Qwest Communications (NYSE: Q) spanning product development, marketing and sales, resulting in the generation of more than $500 million in revenues. Kevin was the key executive that led the business and product development programs between Qwest and Microsoft Corp. (NASDAQ: MSFT). Prior to Qwest he held a variety of senior sales management positions within Verizon (NYSE: VZ).

Shanafelt has designed, developed and sold over $100 million in telecommunications and outsourcing services to large government and corporate organizations. Prior to joining Myrio Roger was in a wide variety of senior sales, business development and product marketing positions with such companies as Opsware (formerly Loudcloud), Exodus Communications, a Cable & Wireless Service (NYSE: CWP), Excite@Home Corporation, and Qwest Communications. Roger spent the early portion of his career at Microsoft Corp. where he was part of the marketing team for the early versions of Microsoft Windows.

“Roger and Kevin bring a strong blend of software and telecommunications industry experience, and both have experience in emerging start-ups as well as global organizations,” said Chris Coles, president and CEO of Myrio Corporation. “Their skills and experience are instrumental in taking Myrio through its next growth phase.”

About Myrio

Myrio is the leading provider of software and integration services that enable new video revenue opportunities for broadband service providers by leveraging their existing infrastructures. With Myrio's solutions, operators can offer next generation, TV-based services and media to their customers. In turn, operators can protect their valuable residential assets from competitors, such as cable and satellite companies. A pioneer in the industry, Myrio has commercially deployed its solutions to operators throughout the United States, and is conducting customer trials internationally as well.

Myrio is a privately held corporation funded by Ridgewood Capital, NeoCarta Ventures, and Alexander Hutton Venture Partners. For more information, please visit Myrio's web site at www.myrio.com.

Contact Information:

press@myrio.com
(425) 897-7200




 

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