Former AT&T Area Vice President Joins MicroVault Executive Team as Vice President of Strategy and Business Development - Eric 'Ric' Buskirk

Cambridge Telcom Report, April 17, 2000

MicroVault Corporation, the leader in secure document delivery over the Internet, including Electronic Bill Presentment and Payment (EBPP) solutions, Monday announced the appointment of vice president, business strategy and development. Joining the executive management staff, Eric (Ric) Buskirk brings more than 19 years of telecommunications experience to MicroVault including service with AT&T, American Bell, and Southwestern Bell.

Most recently, Buskirk served as area vice president for AT&T's Business Markets Group in Los Angeles where he was responsible for the management of 200 employees and $220 million in revenue. Prior to that, Buskirk served as general manager for AT&T Global Services where he was responsible for the management of $160 million in sales and revenue from Fortune 500 customers in Southern California. Buskirk was a founding member of the task force that developed and executed AT&T's Wireless Services Strategy that resulted in the $12 billion McCaw acquisition known as one of the largest deals in telecom history. Additionally, he led various business development efforts with operations of overseas firms in 30 countries.

Buskirk has been an active member of the Southern California community serving in leadership roles in a variety of business and philanthropic organizations spanning from Santa Barbara to the California/Mexican border. During the past six years, he has been involved with LA Works, the Los Angeles Chamber of Commerce Board, and the Orange County World Trade Center Board. Currently, Buskirk is a Board Director for the Sundance Institute Advisory Board.

"Ric will play a pivotal role in assisting the company with building and delivering leading-edge e-mail document delivery solutions for billers brokers, and their customers," said Nick Rini, CEO and president, MicroVault. "He will help us move quickly to capitalize on the high level of interest in NetCourier, our recently introduced e-mail based electronic billing presentment and payment solution."

"I'm excited to join MicroVault's team and employ my relationships and extensive business development and sales management experience to help move this company into new markets with electronic billing presentment and payment solutions that will offer the very best in e-mail delivery solutions," said Buskirk, vice president, strategy and business development, MicroVault.

Founded in 1994 in Los Angeles, MicroVault is a leader in secure document delivery over the Internet. MicroVault uses proven technology to enable companies to send sensitive information to customers electronically in a cost-effective, expeditious manner. MicroVault's value further extends to consumers by ensuring their privacy without requiring them to download, install, learn, or use any special hardware or software. Customers include Fortune 500 companies in the financial services, insurance, aerospace, engineering, utilities, and energy industries as well as government contractors. The company is headquartered in Huntington Beach, Calif., with sales offices in New York City, and Woodland Hills, Calif. For more information, visit the company's web site at www.microvault.com or call 1.800.572.5277.