Exhibit
99.1
Contact:
Craig
Cook, Chief Administrative Officer
Cardinal
Communications, Inc.
303-285-5348
| FOR IMMEDIATE RELEASE:
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NEWS
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May 26, 2006
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OTCBB:
CDNC
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Cardinal
Communications Adds Proven Financial Management Expert As Chief Financial
Officer
BROOMFIELD,
Colo., May 26, 2006 - Cardinal Communications, Inc. (OTC Bulletin Board: CDNC),
a provider of voice, video and high-speed broadband communications services,
and
a specialized developer of residential real estate, today announced that D.
Brian Karr has joined the company as chief financial officer. Karr was most
recently vice president of finance for The TriZetto Group, Inc., a $300 million
provider of IT-related services to the healthcare industry.
Karr
brings more than 15 years of accounting and financial management expertise
to
Cardinal. He was a founding member of the TriZetto Group and served as chief
financial officer prior to its initial public offering. During his nine years
at
TriZetto, Karr was responsible for a variety of finance-related functions,
including accounting, financial reporting, treasury and operational finance.
Karr was previously director of finance for FHP/PacifiCare, where he also
supported the IT departments. He is a certified public accountant and holds
a
bachelor of science degree in accounting from Biola University in California.
He
will work in Cardinal’s Broomfield headquarters office.
Ed
Garneau, chief executive officer of Cardinal, said, “Brian is a proven,
accomplished and versatile financial management executive, and joins Cardinal
with an outstanding record of driving financial performance and enhancing
corporate growth. He also has significant experience in public accounting,
SEC
reporting and corporate financial planning. He has demonstrated an in-depth
knowledge of a host of strategic financial management issues that Cardinal
is
currently working to address. We are very fortunate that Brian has chosen to
join the Cardinal management team.”
Karr
stated, “There is tremendous change afoot in the telecommunications and real
estate arena, and Cardinal is helping lead this transformation. I am excited
by
the opportunity to help shape these innovations and I share management’s
objective of accelerating Cardinal’s growth and achieving profitability.”
About
Cardinal Communications, Inc.
Cardinal
Communications operates a suite of vertically integrated businesses that provide
both bundled digital communications services (voice, video and high-speed
Internet) and high-quality real estate to the residential marketplace. The
Company’s expertise in communication infrastructure and turnkey residential
development allows Cardinal to capitalize on growing demand among homebuyers
for
modern residences that are pre-equipped with a range of digital communications
options. The Company is also partnering with other developers that seek
Cardinal’s expertise in designing, building and operating residential
communication networks that will deliver long-term revenue opportunities.
Cardinal
also operates Get-A-Phone, a provider of specialized local and long-distance
calling programs in select U.S. markets. Based in Broomfield, Colo., publicly
traded Cardinal trades on the Bulletin Board under the symbol “CDNC.” For more
information, visit the Company’s website at www.cardinalcomms.com.
SAFE
HARBOR STATEMENT: Some information in this release is forward looking. These
forward-looking statements may be affected by the risks and uncertainties in
Cardinal Communications and its subsidiaries and divisions. This information
is
qualified in its entirety by cautionary statements and risk factors disclosure
contained in certain of Cardinal Communications' Securities and Exchange
Commission filings. Cardinal Communications wishes to caution readers that
certain important factors may have affected and could in the future affect
its
actual results and could cause actual results for subsequent periods to differ
materially from those expressed in any forward-looking statement made by or
on
behalf of Cardinal Communications. There are many factors that will determine
whether Cardinal Communications will be successful in its endeavors, including,
without limitation, access to adequate capital and consumer acceptance of its
telecommunications service offerings. Cardinal Communications undertakes no
obligation to update forward-looking statements to reflect events or
circumstances after the date hereof.
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