Exhibit
99.1
Contact:
D.
Brian Karr, Chief Financial Officer
Cardinal
Communications, Inc.
303-285-5353
FOR
IMMEDIATE RELEASE: NEWS
August
14, 2006 OTCBB: CDNC
Cardinal
Communications Chief Administrative Officer to Return to Public Education
Post
BROOMFIELD,
Colo., August 14, 2006- Cardinal Communications, Inc. (OTC Bulletin Board:
CDNC), a diversified provider of bundled digital communications and
video-on-demand services, and a specialized developer of residential real
estate, today announced that Craig A. Cook resigned as Chief Administrative
Officer of Cardinal Communications, Inc. Mr. Cook’s resignation was a result of
his desire to return to public education business administration.
Mr.
Cook stated “I have enjoyed my time working in the corporate sector, but I have
always intended to return to public education. I appreciate the opportunity
to
work closely with Cardinal’s management, employees, and shareholders and will
continue to be a strong advocate for the company and its vision.”
Prior
to being hired as Chief Operating Officer of Sovereign Companies, LLC and
subsequently as Chief Administrative Officer of Cardinal Communications, Inc.,
Mr. Cook served 14 years as a Chief Business Official for two large urban school
districts.
Ed
Garneau, Chief Executive Officer of Cardinal, stated “Craig has been an
important part of the efforts to integrate the Company following the acquisition
of Sovereign Companies in 2005 and to restructure and revitalize operations.
We
thank him for his service to both Sovereign and Cardinal; we will miss his
presence as both a friend and colleague.”
Mr.
Cook’s responsibilities will be assumed by existing personnel and the Company
does not currently anticipate utilizing the Chief Administrative Officer
position in the immediate future.
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), video-on-demand 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. 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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