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August 3, 2006
NEW YORK -- Vistula Communications Services, Inc. (OTC:VSTL) (BULLETIN BOARD: VSTL) , today announced that it has reorganized the management structure of Vistula and its wholly owned subsidiaries, Vistula Ltd. and Vistula USA, Inc. As part of the reorganization, Rupert Galliers-Pratt will retain his position as Chairman & President of Vistula Communications Services, Inc. and will also now serve as its CEO. Adam Bishop will continue to serve as Chief Executive Officer of Vistula Ltd., Vistula's UK-based subsidiary and has resigned as President of Vistula USA, Vistula's US operating company. Keith Markley has assumed the position of President of Vistula USA, and has resigned as CEO of Vistula. Mr. Markley will continue to serve on the Board of Directors of Vistula.Additionally, Jared Taylor, Vistula's current Manager of Accounting and Administration, has been appointed as CFO, following the resignation of George Vaughn. Mr. Vaughn served as Vistula's CFO since June 2004 under a consulting arrangement with Vaughn + Associates, P.C., a professional services firm that specializes in interim and part-time CFO and outsourced financial management services for emerging entities. "The board thanks George Vaughn for his valuable services and for his efforts overseeing the company's transition from a private start-up company to a public company with operations around the world," commented Rupert Galliers- Pratt, Vistula's Chairman and CEO."We see tremendous opportunities for our V-Cube(TM) VoIP product suite in the US, and have collectively decided that the best use of Keith Markley's skills, extensive contacts and experience in the North American market, would be to have him spend 100% of his time on sales and operational issues in that region. With these changes Vistula is well positioned to meet this growing demand with the best complement of skills and experience that reflects the large geographic footprint we cover," Mr. Galliers-Pratt concluded.
Vistula Communications Inc.
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