, today announced that Stephen Duff will resign from EasyLink's Board of Directors effective November 12, 2004. Mr. Duff informed the Company that current and anticipated time constraints relating to his other investment duties require him to discontinue his service on the board. Mr. Duff, who is a board designee of Federal Partners, L.P. and is Chief Investment Officer of The Clark Estates,
financial condition is greatly improved." Thomas Murawski, President and Chief Executive Officer of EasyLink, said, "We greatly appreciate all of the assistance and valuable guidance that Steve provided to EasyLink since he has been a member of the board and thank him for his service."
EasyLink's independent directors have commenced a search for independent director candidates with a view to filling the vacancy created by Mr. Duff's departure.
Marketplace Rule 4350(c) requires that a majority of the board of directors be comprised of independent directors. Three of EasyLink's six other members of the board are independent under
of conducting business electronically. For more information, please visit www.EasyLink.com.
This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of EasyLink. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various
which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in the Company's reports and documents filed from time to time with the