NTELOS Holdings Corp. Announces Appointment of Mike Moneymaker as President and CFO of Wireline Business Following Spin-Off

NTELOS Holdings Corp. NTLS today announced the appointment of Michael B. Moneymaker, the Company's current Executive Vice President, Chief Financial Officer, Treasurer and Secretary, as President and Chief Financial Officer of the Company's wireline business, effective upon the spin-off of the Company's wireline business into an independent, publicly traded company. Mr. Moneymaker would serve on the wireline business board of directors upon the spin-off. The Company also announced that the Board of Directors intends for Mr. Moneymaker to succeed James A. Hyde as the Chief Executive Officer of the wireline business following a post spin-off transition period, and that Mr. Hyde would continue to serve on the wireline business's board of directors.