SAN MATEO, Calif., Jun 15, 2004 (BUSINESS WIRE) -- RingCentral(R) today announced that Eduardo Hauser, Executive Vice President of America Online Latin America, Inc. (Nasdaq:AOLA), has joined the Company's Board of Directors.

"Eduardo has been a valuable friend of the company," said Vlad Shmunis, CEO, RingCentral, Inc. "His vision of translating technology into a globally adopted telecommunications solution will help us substantially grow our online service business unit and refine our business process. We look forward to working closely with him as a board member."

"Voice communications are developing at a faster pace than ever before. For that, RingCentral has developed core technology that is extremely exciting and on target for where consumers and small businesses are heading," said Eduardo Hauser. "RingCentral's products provide unsurpassed convenience and affordability. From my years of experience in the telecommunications and Internet space, I see a tremendous growth opportunity for RingCentral and its products."

Mr. Hauser joined AOL Latin America as part of the company's founding senior management team, after he identified, negotiated and structured the transaction between America Online, Inc. (AOL is a subsidiary of Time Warner Inc.) (NYSE:TWX) and the Cisneros Group of Companies to form AOL Latin America. In his current role, he oversees the operation of the AOL online services in the Latin American region. Prior to joining AOL Latin America, Mr. Hauser held various positions with the Cisneros Group including Corporate Vice President, Vice President of News & Information for Venevision (Venezuela's leading broadcaster), Managing Director of the Cisneros Group's Corporate Office, Assistant to the Chairman & CEO, and Assistant General Counsel of the company's Broadcasting Division. The Cisneros Group of Companies is one of the world's premier media groups.

Eduardo Hauser has spent most of his career working in the Internet and telecommunications, as well as media and entertainment fields in various countries in Latin America and the U.S. He holds a Law Degree (J.D.) from Caracas' Universidad Catolica Andres Bello (1991), and a Master's Degree in Law (LL.M.) from Duke University (1993). He has also studied and trained in international business transactions, investment banking, corporate finance and strategy, as well as corporate negotiations.

About RingCentral, Inc.

Founded in 1993, RingCentral provides telephony solutions through their software and Internet-enhanced services. To date, more than 25 million users have saved on their communications costs, expanded their reach and simplified their communications infrastructure by using RingCentral products and services.

The company's flagship offering, RingCentral Online, is a hosted telecommunications service designed to offer small businesses the functionality and flexibility normally reserved for large companies at a high price tag. Plans include toll free and regionally local phone numbers, business quality voicemail, dynamic call routing, Internet fax, as well as a host of powerful personalization and notification options. As a customer's business grows, additional full-featured extensions, each with voicemail, fax, and call forwarding and notification rules, can be added turning RingCentral Online into a powerful Hosted PBX solution.

RingCentral and RingCentral Online are trademarks of RingCentral, Inc. Other company and product names me be trademarks of their respective owners.

SOURCE: RingCentral, Inc.

RingCentral, Inc.
Mark Ogne, 888-528-7464 ext. 905
marko@ringcentral.com www.ringcentral.com

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