Since launching the Take Stock in Mpower program last year, Mpower Communications (Booth 301), a sponsor of the Channel Partners Conference & Expo, has issued nearly 300,000 warrants forMpower common stock to master agent partners who have met the performance thresholds.
The Take Stock in Mpower program was designed to spur master agents to reach specific revenue targets by rewarding them with warrants to purchase shares of Mpowers common stock.
Mpowers warrant program was one of the key reasons Wolf Communications decided to execute an agent agreement with the company, says Jerry Symcox, president and CEO of Wolf Communications Mgmt. Inc. The program gives Wolf a proprietary interest in working to help make Mpower successful.
The warrant program is Mpowers way of showing its appreciation and commitment to the agent as a true partner, adds Judy Magana, president and CEO of Global Telecommunications 2000. It offers incentives to agents to bring high volumes of business to Mpower, which is a win-win situation.