techDaily.info :: Digital Lightwave Names Mark E. Scott as Chief Financial Officer

Friday, January 09, 2009

Digital Lightwave Names Mark E. Scott as Chief Financial Officer

Posted: 1/16/2002

Posted By:	techFlorida.com		Contact:	Kim Denham
Phone:	727/442-6677		Email:	info@lightwave.com

Digital Lightwave Names Mark E. Scott as Chief Financial Officer

CLEARWATER, Fla.--(BUSINESS WIRE)--Jan. 16, 2002--Digital Lightwave(R), Inc. (Nasdaq:DIGL), a leading provider of optical networking products and technology, today announced that it has named Mark E. Scott as its new chief financial officer and vice president, Finance. Scott will be responsible for all financial, administrative and investor relations functions for the company.

Most recently, Scott served as Chief Financial Officer of Network Access Solutions Corporation, a publicly-traded broadband solutions provider headquartered in Herndon, Virginia. Prior to Network Access Solutions, Scott was the Chief Financial Officer and Vice President, Finance of Teltronics, Inc., a Sarasota, Florida-based international manufacturer of telephone switching systems and software. Before that, he served as Vice President, Finance and Controller of Protel, Inc., a global telecommunications company. Scott has also held various senior financial management positions at RHM Holdings, Inc., Crystals International, Inc. and Schoenfeld Industries, Inc.

A seasoned financial executive, Scott's previous experience includes several mergers and acquisitions, debt and equity financing, as well as the implementation of a variety of management information systems. Scott is a Certified Public Accountant and holds a B.A. in Accounting from the University of Washington.

"Mark's experience in the public financial markets and telecommunications sector makes him an ideal choice for the company," said Gerry Chastelet, Chairman, President and Chief Executive Officer of Digital Lightwave. "In addition, his financial management expertise, as well as his previous success with mergers and acquisitions, should prove valuable to Digital Lightwave as the economy and telecommunications market recover."

Scott replaces Steve Grant who left Digital Lightwave in October 2001 to pursue other interests.

About Digital Lightwave, Inc.

Digital Lightwave serves the growing global fiber-optic networking industry with products and technology that are used to develop, monitor, maintain, and facilitate the management of high-speed communication networks. The company's product families include Network Information Computers(R) (NICs(R)), the industry's leading high-speed portable analyzers for fiber-optic network installation and maintenance testing, and Network Access Agents(TM) (NAAs(TM)), which provide network-integrated, centralized performance monitoring and analysis for optical networks, including remote multi-channel DWDM.

Digital Lightwave also provides embedded optical diagnostic subsystems for OEM applications and custom automated test systems, which enable low- and high-density test and monitoring for optical network installation and commissioning applications. Digital Lightwave's newest technology, AnyBit(R), is a powerful enabling test technology for proactive real-time optical measurement and analysis. News and information are available at www.lightwave.com.

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include fluctuations in operating results and seasonality of sales, changes in the United States and worldwide economy, fluctuations in capital expenditures within the telecom industry, our dependence on a limited number of products and uncertainties of the market for our planned products, technological change, our dependence on growth of the Internet, competition, our dependence on a limited number of major customers, our dependence on contract manufacturers and suppliers, our dependence on key personnel, and our dependence on proprietary technology. For a further list and description of such risks and uncertainties, see the reports filed by Digital Lightwave with the Securities and Exchange Commission, including the company's reports on Form 10-K and 10-Q. Digital Lightwave undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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