IPC Announces Executive Appointments

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Tue Jun 30, 2009 4:56pm EDT

Timothy Whelan Promoted to Executive Vice President and Chief Operating
Officer (COO) and William McHale to Senior Vice President, Chief Financial
Officer (CFO)

JERSEY CITY, N.J., June 30 /PRNewswire/ -- IPC Systems, Inc., a leading
provider of indispensable trading communications solutions to the world's
leading financial services firms and global enterprises, today announced the
appointments of Timothy Whelan to executive vice president and chief operating
officer (COO), and William McHale to senior vice president, chief financial
officer (CFO).  

In his new role as COO, Mr. Whelan will be responsible for overseeing IPC's
global sales and marketing teams, global operations, manufacturing, and
business development. As IPC's newly appointed CFO, Mr. McHale will continue
to direct the global corporate finance, treasury and tax functions and will
now be responsible for the company's procurement operations.

Mr. Whelan, formerly IPC's CFO, joined the company in 1999 and since then has
continued to increase his strategic leadership role in the company's senior
executive team. His achievements include helping the company grow from a $200
million equipment provider to a $500 million plus global enterprise of trading
floor solutions. During this period, Mr. Whelan was responsible for the
company's business development team, leading to several strategic growth
initiatives including the acquisition and capital financing of seven companies
and divestiture of two divisions. During his tenure he was also responsible
for the company's human resource and information technology functions. Last
year he also assumed responsibility for IPC's manufacturing and procurement
teams, driving efficiency and improvements into IPC's supply chain management.
  

Since joining IPC in 2007 as senior vice president of Finance, Mr. McHale has
successfully managed accounting and financial integrations of acquired and
divested entities, annual and special audits and financial reporting and
communications within IPC and with the company's outside lenders. Before
joining IPC, Mr. McHale, a certified public accountant with more than
twenty-five years of experience in senior level finance positions, was the CFO
of Infocrossing, Inc., a leading provider of IT outsourcing solutions and a
NASDAQ traded company until its sale.  
 
"Tim and Bill are superb leaders and I am thrilled to have them both play more
significant roles within the IPC senior management team," said Lance Boxer,
chief executive officer, IPC Systems. "Both of these men know our business
well, and they understand what is important to our customers. Our focus will
remain on our customers and we will continue to deliver on our strategic
initiatives and innovations in order to provide the industry's best trading
communications solutions and services. Tim and Bill are instrumental players
in making this vision a reality."  

About IPC
IPC is a leading provider of indispensable financial trading communications
solutions to the world's leading financial services firms and global
enterprises. With 35 years of expertise and innovation, IPC provides its
customers with global systems and solutions, as well as a suite of products
and enhanced services that includes advanced Voice-over-IP technology and
integrated network and 24x7x365 management services in more than 60 countries.
Based in Jersey City, N.J., IPC has approximately 900 employees throughout the
Americas, Europe and Asia-Pacific regions. For more information, visit
www.ipc.com.

Statements made in this news release that state IPC's or its management's
intentions, beliefs, expectations, or predictions for the future constitute
"forward looking statements" as defined by federal securities laws, which
involve significant risks and uncertainties. Many risks and uncertainties are
inherent in the telecommunications equipment industry. Others are more
specific to our operations. The occurrence of the events described and the
achievement of the expected results depend on many factors, some or all of
which are not predictable or within our control. Actual results may differ
materially from results discussed in these forward looking statements. Among
the factors that could cause actual results, performance or achievement to
differ materially from those described or implied in the forward-looking
statements, are risks associated with substantial indebtedness, leverage and
debt service, risks relating to the performance of our business and future
operating results, risks of competition in our existing and future markets,
loss or retirement of key executives, risks related to the notes and to high
yield securities generally, general business and economic conditions, market
acceptance issues, including potential technology changes and the risks
inherent in new product and service introductions and the entry into new
geographic markets, as well as those risk factors described in our filings
with the SEC. (c)2009 IPC Systems, Inc. All Rights Reserved. Alliance Express,
IPC, IQMX, IQ/MAX, MAXaccess 1000, Nexus Suite, TradeCARE, Tradenet MX and
Tradenet are trademarks of IPC. All other trademarks are the property of their
respective owners.
    Media Contacts
    Michael Baldwin                    Matt Pennacchio
    IPC Systems, Inc.                  Ruder Finn for IPC
    +1 201-253-2011                    +1 212-715-1613
    michael.baldwin@ipc.com            pennacchiom@ruderfinn.com


SOURCE  IPC Systems, Inc.

Michael Baldwin, IPC Systems, Inc., +1-201-253-2011, michael.baldwin@ipc.com;
Matt Pennacchio, Ruder Finn for IPC, +1-212-715-1613,
pennacchiom@ruderfinn.com
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