fSONA Communications Appoints Praveen Gupta As Cfo And Michael Corcoran As Vice President Of Marketing And Sales
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Two Industry Veterans Selected to Spearhead fSONA's Financial and Marketing Efforts

RICHMOND, British Columbia - August 8, 2001 - fSONA Communications Corp., a manufacturer of free space optical wireless systems, today announced the appointment of Praveen Gupta as chief financial officer and Michael Corcoran as vice president of marketing and sales. Both executives will report directly to Theresa Carbonneau, president and CEO of fSONA.

Gupta will be responsible for every aspect of the company's administration and financial operations, including financing the business, formal financial reporting and corporate governance.

"Praveen has always commanded the utmost respect in the world of financial planning," said Carbonneau. "We are confident that his leadership and expertise will resonate across our financial outlook."

Prior to joining fSONA, Gupta was the CFO at Eftia, a supplier of pre-packaged operational support systems software programs where he was responsible for the financial viability of the company. Before his tenure at Eftia, Gupta was the CFO at OPCOM Solutions, Inc., a boutique enterprise solutions company specializing in workflows and help desks, where he orchestrated the multi-million dollar sale of the company to GE. He is also a chartered accountant, a certified management accountant and serves as a board member for Telecom and Technology Ventures, Inc.

Corcoran will be responsible for all sales and marketing activities at fSONA.

No stranger to the telecommunications industry, Corcoran has been involved in the sales, marketing and its operational aspects for the past 25 years. Prior to joining fSONA, Corcoran was a co-founder and vice president of sales and business development at Firstcom, Inc., a telecommunications company based in Minneapolis, Minnesota.

"Michael has a tremendous background of leadership and success in telecommunications and marketing," said Carbonneau. "We are excited to add him to our senior executive team and we are confident that he'll do an outstanding job at further advancing fSONA's marketing and business development."

Mr. Corcoran also co-founded and held executives positions with MCI Overseas Gateways, MCI Operation Stateside, National Independent Billing, Inc., and Military Communications Centers, Inc. He has also held executive positions with GTE Sprint and MCI Telecommunications Corporation.

About fSONA
fSONA Systems is recognized as the preferred provider of optical wireless solutions for government, enterprise and service provider markets around the globe. Leveraging leading edge advancements in 1550nm optical transmission, the SONAbeam™ family of systems, based on free-space-optics (FSO), use a globally unlicensed, wireless technology to provide speeds up to 2.5 Gbps over distances up to 7km. For more information visit or

Further Information
For more information about fSONA, SONAbeam or Free-Space Optical Wireless, please contact:


fSONA and SONAbeam® are trademarks of fSONA Networks. All other trademarks are properties of their respective companies.