BNET Industries

Last Fiscal Year Sales:$3.7M
  • Private
  • US
Dow Jones Description

Telecommunications Products & Services

Number of Employees 1,400
Contact Information

121 Champion Way

Canonsburg, Pennsylvania 15317

www.telcove.com

1 877 321 5465

NAICS Code : 517510

News & Analysis

telcove - All News and Analysis

Decision Makers

Name (plus bio) Position
Edward E. Babcock CFO
Kenneth Ferderer CIO
Brad Oolman Senior Vice President, Service Delivery
Cradig M. Drinkhall Senior Vice President, Prod Development & Engineering
Craig Drinkhall Senior Vice President Product Development and Engineering
Jeffrey W. Donahue Senior Vice President of Sales
David Thomas Reg Vice President
James E Means Vice President and General Counsel
Dale A Booth
Doug Teitelbaum

Board of Directors

Name (plus bio) Position
Eugene I. Davis Chairman of the Board
Douglas P. Teitelbaum Board of Directors
John D Stout Board of Directors
Steven A Van Dyke Board of Directors

Organization Position Status
TelCove CFO Current
Deloitte Touche Tohmatsu Former

Organization Position Status
TelCove CIO Current
DeVry Institute of Technology Bachelor of Science degree in Computer Information Systems Former

Mr. Oolman has served as Senior Vice President of Service Delivery since January 2004. He is responsible for the Company's order entry, provisioning, collections, and customer care functions a centralized department that he created since joining the Company in 2001. Mr. Oolman's organization also includes TelCove's Network Operations Center, National Repair Center, and Centralized Warehouse Department. Mr. Oolman has over 24 years of experience in the telecommunications industry. He has held various senior-level and executive management positions within other CLEC and RBOC entities in the areas of sales, customer service, network planning, and engineering. Mr. Oolman holds a Master of Science Degree in Industrial Administration from Carnegie Mellon University and a Bachelor of Science Degree in Mechanical Engineering from the University of Southern California.

Organization Position Status
Serv-Ice Delivery Co Senior Vice President Current
TelCove Senior Vice President, Service Delivery Current
Carnegie Mellon University Master of Science Degree In Industrial Administration Former
University of Southern California Bachelor of Science Degree In Mechanical Engineering Former

Organization Position Status
TelCove Senior Vice President, Prod Development & Engineering Current

Mr. Drinkhall has held several distinct positions with various corporations, which deepened his background in product/life-cycle management in telecommunications and software technologies and supplied a proven track record in building partnerships and launching products to sales channels. From July 2006 to March 2007 Mr. Drinkhall served as Senior Vice President, Product Delivery & Emerging Opportunities for Level 3. This appointment followed the acquisition of his previous employer, TelCove by Level 3. While at TelCove he held several key positions. He was appointed to the position of Senior Vice President Product Development and Engineering in January 2004 until the sale of the company to Level 3 in July 2006. Mr. Drinkhall joined TelCove in December 2000 as Director of Data Services. He then served as Senior Director of Product Development commencing in August 2001 and assumed the additional responsibilities of Director of Information Technology in April 2002.He led his own Internet applications company, BurbNet, Inc., as President & CEO from June 1996 until November 2000. Prior to BurbNet, Mr. Drinkhall served as Director of Business Development & Product Marketing and held the position of General Manager for the Network Integration Business at Computerm Corporation. Mr. Drinkhall also developed a strong telecommunications background holding various key positions while employed at ACS, Inc. A 1982 Pennsylvania State University graduate with a Bachelor of Science degree in Computer Science, Mr. Drinkhall is a strategic thinker accustomed to adopting and implementing corporate strategies to promote company growth and expansion.

Organization Position Status
Ops Continuum, LLC Chief Executive Officer Current
TelCove Senior Vice President Product Development and Engineering Current
TelCove Director of Data Services Former
Product Marketing Director of Business Development Former
The Pennsylvania State University Bachelor of Science Degree Former

Mr. Donahue currently serves as Senior Vice President of Sales and Operations for TelCove, a position he has held since January 2004. He is responsible for all sales, field operations, and related revenue generating activity for the Company. Previously, Mr. Donahue was Regional Vice President for TelCove's Northeast region, responsible for sales, operations, and customer care. Before joining TelCove in 1999, Mr. Donahue held a variety of positions within Adelphia Communications Corporation, including Director of Voice and Data Services, responsible for the rollout and sale of high speed Internet services, long distance services, and paging applications. Mr. Donahue holds a Bachelor of Arts Degree in Speech and Communications from Emerson College.

Organization Position Status
TelCove Senior Vice President of Sales Current
Adelphia Communications Corporation Director Former
Emerson College Bachelor of Arts Degree In Speech and Communications Former

Organization Position Status
TelCove Reg Vice President Current

Mr. Means has served as Vice President and General Counsel of TelCove since June of 2005. Mr. Means directs all of the Company's legal and regulatory matters. Mr. Means has been with the organization since 1998. At TelCove, he has served in roles as both an operational/regulatory attorney, as well as a corporate attorney, and has been a key participant in TelCove's successful acquisition and integration of select markets and assets from other telecom entities. With extensive experience in local exchange carrier relations, federal, state and local regulatory matters, M&A transactions, as well as general and telecom-specific contract development, Mr. Means has also practiced as an associate with Rothman, Gordon, Foreman & Groudine, P.C., specializing in telecommunications law. Additionally, he has held several other in-house positions in the telecommunications industry. Mr. Means received his Juris Doctorate from Duquesne University and holds a Bachelor of Arts degree in Political Science from Gannon University.

Organization Position Status
TelCove Vice President and General Counsel Current
Duquesne University Juris Doctorate Former
Gannon University Bachelor of Arts Degree In Political Science Former

Organization Position Status
TelCove Current
Riverstone Networks Incorporated Board of Directors Current
Daisytek International Corp. Board of Directors Current
Linesider Technologies Board of Directors Current
National Association of Corporate Directors Active Member Current
Turnaround Management Association Active Member Current
Sensorlogic, Inc. Chairman & CEO Former
Daisytek International Corp. Chairman & CEO Former
Grand Valley State University President Former
Fujitsu Network Communications Division President Former
Fujitsu Network Communications Chief Information Officer Former
Intecom Director of Field Service Former
Sensorlogic, Inc. Board of Directors Former
Society of Manufacturing Engineers Former
International Engineering Consortium Former
Devry University Degree Former

Doug Teitelbaum is co-owner and a managing partner of Bay Harbour Management, LC. Mr. Teitelbaum served on NextG's Board of Directors for four years and continues to be actively involved. Bay Harbour is an SEC registered Investment Advisor providing investment management services to various domestic and offshore institutional and private investors. Bay Harbour invests in mispriced securities and seeks capital appreciation, value creation and, in some cases, current income through the management of a diversified portfolio of event-driven distressed, private equity and special situation investments. Specifically, within the telecommunications sector, Doug Teitelbaum and Bay Harbour have had active investment roles in companies such as TelCove, Inc. (formerly Adelphia Business Solutions), NextWave Communications, Motient Corporation, MSV Investors, and NEON Communications, among others. Aside from his various business interests, Doug Teitelbaum is an active fund raiser and supporter of medical research foundations and community advancement organizations, and in 2004 raised over $1.4 million net for the Ovarian Cancer Research Fund to establish a grant in his wife's mother's name.

Organization Position Status
Nextg Networks, Inc. Co-Owner Current
Bay Harbour Management L.C Co-Owner Current
NEON Communications, Inc. Current
TelCove Current
Motient Corporation Current
Nextg Networks, Inc. Board of Directors Current

Organization Position Status
Golden Northwest Aluminum Inc. Chief Executive Officer Current
Gravity-Entertainment.Com Director of Gravity Entertainment Current
Haights Cross Communications Inc. Board of Directors Current
Viskase Companies, Inc. Director Current
TelCove Chairman of the Board Current
WCI Steel, Inc. Chairman of the Company's Audit and Compliance Committee Current
Atlas Air Worldwide Holdings Inc. Chairman of the Board Current
Cadence Innovation, LLC. Chairman of the Boards Current
McLeodUSA Incorporated Chairman of the Boards Current
SeraCare Life Sciences, Inc. Chairman of the Board of Directors Current
Haights Cross Communications Inc. Chairman Current
Ballast Point Ventures, L.P. Director Current
Tipperary Corporation Board of Directors Current
Footstar, Inc. Director Current
Oglebay Norton Company Director Current
Media General, Inc. Board of Directors Current
Germantown Maryland Board of Directors Current
Pliant Corporation Director Current
Metals USA, Inc. Director Current
O'Sullivan Industries Holdings, Inc. Director Current
Granite Broadcasting Corporation Director Current
Vanceva Board of Directors Current
Delta Air Lines, Inc. Board of Directors Current
Eagle Geophysical, Inc. Director Current
American Commercial Lines Inc. Director Current
American Commerical Barge Line Co. Director Current
Rural/Metro Corporation Director Current
Medicor, Ltd. Director Current
MOSAID Technologies Incorporated Board of Directors Current
Skydrol Board of Directors Current
Ion Media Networks, Inc. Director Current
Terrestar Corporation Board of Directors Current
Knology, Inc. Director Current
Graceba Total Communications Director Current
Foamex International Inc. Board of Directors Current
Motient Corporation Board of Directors Current
Maryland.Com Board of Directors Current
Sport Supply Group, Inc. Chief Executive Officer Former
Water Tower Capital, LLC Chairman and Chief Executive Officer, Pirinate Consulting Group, L.L.C. Former
PRG-Schultz International, Inc. Chairman and CEO, Pirinate Consulting Group Former
Sport Supply Group, Inc. President Former
Metals USA, Inc. Co-President Former
Emerson Radio Corp. President Former
Emerson Radio Corp. Interim Cfo Former
Emerson Radio Corp. Executive Vice President Former
Arter & Hadden Partner Former
Amoco Corporation International Attorney Former
Standard Oil International Attorney Former
General Chemical Industrial Products Inc. Chair of Board Former
Atlas Air Worldwide Holdings Inc. Director Former
Atari, Inc. Board of Directors Former
McLeodUSA Incorporated Board of Directors Former
TelCove Director Former
Emerson Radio Corp. Director Former
Emerson Radio Corp. Vice Chairman Former
Sport Supply Group, Inc. Vice Chairman Former
Columbia University Law School J.D. Former
Columbia University Doctorate Former
The School Company Master Former
Columbia University Masters of International Affairs Former
Columbia College Bachelor's Degree Former
Columbia University B.A. In International Politics Former

After working at RD Smith and Company and its successor company BDS Securities, Mr. Teitelbaum became a partner in the Los Angeles distressed investment boutique of Dabney/Resnick. While at Dabney/Resnick, Mr. Teitelbaum was one of three individuals who oversaw the direction of the firm's research department. In 1994, Mr. Teitelbaum joined Bear, Stearns as a managing director in the high yield and distressed securities department. Mr. Teitelbaum resigned his position at Bear, Stearns and joined Bay Harbour Management in 1996 as a principal and co-portfolio manager. Mr. Teitelbaum currently serves on the board of directors of Barneys New York, Planet Hollywood, and TelCove.

Organization Position Status
TelCove Board of Directors Current

Mr. Stout joined Steven Van Dyke at Bay Harbour's predecessor firm in 1990, just prior to the launch of the company's flagship investment fund. Mr. Stout is responsible for directing the Bay Harbour funds' asset gathering efforts, the overall firm marketing efforts, and investor communications. He also oversees the overall management of Bay Harbour's operations. Mr. Stout graduated in 1989 from Eastern Kentucky University with a Bachelors of Business Administration degree in Marketing and is a member of the Association of Investment Management Sales Executives.

Organization Position Status
TelCove Board of Directors Current
Eastern Kentucky University Bachelors of Business Administration Degree In Market Former

Mr. Van Dyke began his investment career in 1981 in Louisville, KY, at First Kentucky Trust, a progressive institution in the banking and trust management industry. As a Senior Investment Officer managing several private family trust accounts, Mr. Van Dyke made his first investment in the distressed securities market in 1982 through a participation in the certificates of liquidation in Braniff Airlines. The investment in Braniff returned several-fold during the following years and prompted Mr. Van Dyke's transition from a traditional financial manager to a distressed and special situations securities expert. Mr. Van Dyke currently serves on the board of directors of Barneys, Inc., Buckhead America, U.S. Banknote Corporation, Globix, and TelCove. Mr. Van Dyke graduated from the University of Kentucky in 1981 with his Bachelor of Business Administration degree in Finance. Mr. Van Dyke is a Chartered Financial Analyst and a member of The Financial Analysts Society of Central Florida, the Association for Investment Management and Research, and the Society of International Business Fellows.

Organization Position Status
Association for Investment Management and Research Member Current
TelCove Board of Directors Current
Buckhead America Corporation Board of Directors Current
RCN Metro Optical Networks Board of Directors Former
University of Kentucky Bachelor of Business Administration Degree In Finance. Former