Mpower Communications Corp. (Booth 503), provider of broadband Internet access and telephone services to business customers, has issued more than 30,000 warrants for Mpower common stock to master agent partners who have met the performance thresholds.
The Take Stock in Mpower program was introduced last November to encourage master agents to reach specific revenue targets by rewarding them with warrants to purchase shares of Mpowers common stock.
David Maharam, CEO and founder of EST Communications, is one of the agents who received stock warrants. All carriers offer agents commissions, he says. However, Mpower stepped up to the plate and offered us a golden opportunity. With the warrants, we not only have a piece of the pie of a CLEC in a positive financial position, but also the ability to participate and profit from their future success, in which master agents play a part. That is the type of golden opportunity that we had been waiting for as a master agent.