Exhibit 99.1
[LEXENT LOGO] 3 New York Plaza T 212 981 0700
New York, NY 10004 F 212 981 2491
www.lexent.net
Lexent Appoints Telecom Industry Veteran Kathleen Perone
to Board of Directors
NEW YORK, N.Y. Oct. 1, 2001 - LEXENT INC. (NASDAQ: LXNT), an expert
telecommunications solutions provider delivering a full spectrum of consulting,
design, management and deployment services in local metropolitan markets, today
announced the addition of Kathleen Perone to the company's Board of Directors.
For her new Lexent board position, Ms. Perone draws from a wealth of
telecommunications-focused experience gained throughout her years in the telecom
and satellite communications industries. Ms. Perone has held various senior
level positions at Level 3 Communications, WorldCom, Inc., MFS Communications
and Cable and Wireless. Ms. Perone is the founding partner and Managing Director
of Acappella Ventures, LLC, a venture capital firm focusing on early stage
telecom and technology infrastructure companies, and currently serves as Chief
Executive Officer and Chairman of the Board of LighTrade, Inc., Director of
Focal Communications (FCOM) and Infocrossing (IFOX), and an advisory board
member of Tellium, Inc. (TELM).
"We are pleased that Kathy has agreed to share her vast industry expertise,"
said Kevin O'Kane, CEO of Lexent. "Ms. Perone's contributed knowledge
strengthens our current executive team and her guidance will assist Lexent in
its focus on developing long-term relationships with well-funded,
well-established players in the industry."
Most recently, Ms. Perone headed Level 3 Communications' North American
operations, the largest division within the company. Level 3 is a global
communications and information services company offering a wide selection of
services, including IP services, broadband transport, colocation services and
the industry's first Softswitch based services. Lexent has worked on several
projects with Level 3, including Boston's Little Big Dig.
ABOUT LEXENT INC.
Lexent offers a complete turnkey service solution, which includes the design,
deployment, maintenance, and upgrade of telecommunications networks for its
clients 24 hours a day, 7 days a week. The Company's principal focus is to
provide the expertise and resources its customers need to build and connect
their networks to other local and long distance carriers and to individual end
users. Lexent has operations in Atlanta, Boston, Chicago, Long Island, Los
Angeles, Miami, New Jersey, New York, Philadelphia, Washington D.C. and White
Plains. Lexent was recently ranked 196th on The Crain 300, a listing of the
largest publicly held companies in the New York area, by CRAIN's NEW YORK
BUSINESS. Lexent's top customers include AT&T Local Services, WorldCom, Level 3
Communications, Global Crossing and Qwest Communications. For additional
information on the Company, see Lexent's web site at www.lexent.net.
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CONTACTS:
Susan DeWitt Heather Ailara
Lexent, Inc. PepperCom Inc.
212-981-0725 212-931-6137
sdewitt@lexent.net hailara@peppercom.com