Kurt Gordon Appointed Chairman of TelePlus Advisory Board

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... development company. Currently, he is also on the board of GreenShift Corporation, an environmental focused company. TelePlus is ...

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Kurt Gordon Appointed Chairman of TelePlus Advisory Board

By Kumar Amitav Chaliha

TMCnet Contributing Writer

 

Kurt Gordon, former CFO of MobilePro Corp., has reportedly joined Canadian telecom firm TelePlus Enterprises as chairman of the company’s newly constituted advisory board.

 

The addition of Gordon is a key move for TelePlus, which is seeking to exploit the rapidly growing North American prepaid wireless market and move from the verge of break-even point toward consistent profitability.

 

According to a press release, Gordon will assist in debt and equity financing, revenue and expense restructuring and savings, and fundraising. He will also provide advice on recruiting other key members for the company’s advisory board.

 In addition, Gordon will act as senior advisor to TelePlus CEO Marius Silvasan.

 

“I would like to welcome Kurt to TelePlus,” Silvasam said in the release. “I believe that his experience and network of contacts will be instrumental as we continue to grow TelePlus. This is exactly how we intend to leverage Kurt’s expertise.”

 

Silvasan said TelePlus’ revenue run rate for 2006 is set at $30 million, “and we intend to grow both organically and through strategic accretive acquisitions in the MVNO arena.” He said Gordon “will certainly be an asset to us in the coming months as we move forward on our expansion plans.”

 

Gordon has more than 16 years of experience in finance and operations. His special focus is on growing entrepreneurial environments - expertise he would be able to deploy fully at TelePlus, which is a fast-growing company.

 

“I am excited to join Marius Silvasan and the rest of the TelePlus team as we look to further grow its wireless and telecommunications products and services,” Gordon said in the release. “The TelePlus prepaid wireless services business model is first rate and is well positioned in the market place. Marius and his team have made significant accomplishments, including recording cash flow positive and net income positive results, while accretive acquisitions have been completed, a feat not easily achieved. I look forward to contributing to the company's growth initiatives, including organic growth, operation efficiencies and accretive acquisitions that will significantly increase shareholder value.”

 

Before joining TelePlus, Gordon was the CFO and consultant at MobilePro Corp. During his tenure there, MobilePro’s market capitalization grew from $3 million to over $100 million.

 

Between April 2000 and September 2003, Gordon served as CFO for TARGUS Information Corporation and was considered instrumental in fostering the firm’s largest revenue and employee growth phase. Between March 1997 and April 2000, he served in several capacities including director of finance for KSI Services Incorporated, a real estate acquisition and development company.

 

Currently, he is also on the board of GreenShift Corporation, an environmental focused company.

 

TelePlus is a leading provider of wireless and telecommunications products and services across the U.S.A. and Canada. It mainly targets the un-banked marketplace, one of the fastest growing segments of the telecommunications industry comprising credit-challenged customers.

 

Headquartered in St. Laurent, Quebec, Canada, TelePlus has offices in Miami, Fla.; Montreal, Quebec; and Barrie, Ontario.

 

To learn more about TelePlus, visit http://www.teleplus.ca/.