Release Dates: Immediate
Contact: Ed Hansen
MindSpring Chief Financial Officer to Step Down
ATLANTA--(BUSINESS WIRE)--Oct. 6, 1998--MindSpring Enterprises, Inc. (Nasdaq:MSPG - news) today announced that Michael G. Misikoff,ExecutiveVice President and Chief Financial Officer, has decided to leave MindSpring at a date to be determined later this year. He will participate in the search for his replacement, which will begin now and is expected to finish by the end of the year.
``Mike started working with us as a consultant in late 1994, when MindSpring world headquarters was my apartment,'' said Charles Brewer, MindSpring's founder, chairman and chief executive officer. ``Mike became our CFO on January 1, 1995, when we had 8 employees, and has been a huge contributor to our success. We will miss Mike and wish him and his family the very best.''
``My past experience has been in helping start-up companies get off to a good start. I believe we have gotten MindSpring off to that good start, so this feels like the right time for me to step aside,'' said Mike Misikoff. ``By announcing this decision now, we put MindSpring in a position to recruit an excellent replacement who will bring new energy and enthusiasm and help the Company take advantage of the many opportunities that lie ahead. I hope to help make this a positive and seamless change for MindSpring. I am very proud of the Company's past performance and I continue to have confidence in the future of MindSpring.''
Mike McQuary, president and chief operating officer of MindSpring, commented, ``From
almost the beginning of MindSpring, Mike has been a key contributor to MindSpring's growth
from a small, local ISP in Atlanta to the prominent national position we enjoy today. We
will miss not only his financial acumen, but also his role as a major contributor to
shaping our strategic direction.''
MindSpring is a leading Internet service provider focused on delivering outstanding service and support to its customers. By following its core values and beliefs, MindSpring is committed to doing an exceptional job of serving its customers, its employees, its owners and its community. MindSpring's dial-up subscribers can browse the World Wide Web, send electronic mail, participate in informative online chats and access over 20,000 newsgroups. MindSpring offers local Internet service in more than 375 locations throughout the United States. MindSpring is also a leading provider of Web Hosting services and domain registrations.
In November 1997, MindSpring earned CNET: The Computer Network's "Buy It" recommendation as the national ISP providing the best value. Ranking ISPs in December 1997, PC World named MindSpring the ISP with the best customer support, noting MindSpring "gives its users the moon," then presented MindSpring with its "World Class Award for Best ISP" in July 1998. Smart Money magazine called MindSpring "The Better Option" to AOL in February 1998, followed by a "Best Buy" recommendation from Smart Money Interactive in June 1998. MindSpring was given Home Office Computing's "Best Buy" for Web Hosting in its April 1998 issue. FamilyPC, in its July 1998 issue, named MindSpring's home page the "Best ISP Start Page." Upside Magazine said MindSpring "understands the value of service, community and brand in the cold world of the Net," in its February 1998 analysis of the top 150 technology companies in the United States.
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