TXP appoints senior Foxconn executive to Board of Directors

TXP Corporation (OTC BB:TXPO.OB), a global provider of Pre-Manufacturing Services for the electronics and telecommunications industries, announced that Mr. Theodore Dubbs has been appointed to the company's Board of Directors, increasing the number of board members to four.
 
Since 1997, Mr. Dubbs, age 45, has served at Foxconn Electronics, Inc. as Vice President of Business Development and as Vice President of Sales driving Foxconn's business penetration in the communications and networking sectors. Mr. Dubbs led the strategic effort to bring up several new businesses in Foxconn such as Networking Enclosure Technology Business Unit, Backplane Products Group, Optical Integration Business Unit and the Network Communications Systems Business Group related to design, manufacturing, and fulfillment of customer products. Prior to 1997, Mr. Dubbs also held senior positions, including regional management, marketing management, and product management roles with companies such as Tyco Electronics, ITT Corporation, and FCI.

Michael C. Shores, President and Chief Executive Officer of TXP, commented, "We are excited to have an executive of Ted's caliber join our board of directors, as he brings more than 20 years of senior experience within the electronics and telecommunications sectors. While at Foxconn, Ted was instrumental in leading the company's business development strategy for key original equipment manufacturers, eventually growing the segment to over $4 billion in revenue. We believe that he brings exceptional marketing and business development expertise, as well as strong industry contacts, which will be instrumental as we attempt to accelerate the deployment of our ONT technology."

Mr. Dubbs stated, "I look forward to helping TXP grow and prosper as a member of its board. I believe that the iPhotonics division's ONT technology is positioned to benefit from the massive expenditures planned by the carriers as they role out new 'fiber-to-the-home' and 'triple-play' services that bring voice, video and data to the home at much faster speeds than traditional networks."