Metro One Telecommunications, Inc. the renowned developer and provider of Enhanced Directory Assistance® (“EDA”) and other telecom services, today announced here of its hiring of XRoads Solutions Group, a leading professional services firm. It has also been avowed on behalf of Metro One Telecommunications that XRoads has been engaged so as to execute strategic decisions intended to provide capital to strengthen the Company’s financial position and sidewise to optimize the value of its core telecommunications business.

Metro One Telecommunications, Inc. is an internationally famous developer and provider of Enhanced Directory Assistance and other information services. The Company is chiefly betrothed in the operation of call centers located throughout the length and breadth of the United States. The Company has excelled in handling over 300 million requests for information over the past two years. On the contrary, XRoads Solutions Group’s expertise functions in the field of corporate finance, strategic and operational consulting and moreover in turnaround management. The XRoads has been conferred the responsibility of providing support to the Metro One management team through assistance towards the Company for achieving additional funding, to identify and secure additional revenue opportunities, and also to increase operational cash flow and reduce costs. 

It has been stated that Alexander Stevenson, the Principal of XRoads Solutions Group, has been appointed as the Executive Vice President—Restructuring, for overseeing the development and implementation of Metro One’s strategic plans. Mr. Stevenson is co-leader of XRoads corporate finance practice and has specialization in advising the companies and their stakeholders when if there exists a challenging situation. He is man with years of experience and reasonably conducive to the evaluation of strategic alternatives, the execution of sale and financing transactions and the development of operational and financial restructuring plans. His record goes in the manner of his successful performance  in this capacity with several telecommunications clients. In addition, his industry experience includes industrial, retail, consumer products, textile products, and distribution sectors.

Speaking on the occasion, Mr. William Rutherford, the Chairman of Metro One’s Board of Directors said, “We believe XRoads brings the right combination of knowledge, experience and execution that Metro One needs at this juncture to stabilize our financial position and position us for a continued turnaround of the Company.” “Our board is confident that XRoads can identify and implement opportunities to improve our financial position, identify and secure additional revenue opportunities, and assist with the operational changes necessary to allow Metro One to remain competitive in our industry. We look forward to their contributions,” he added. 

Talking to the Press & Media the President and Chief Executive Officer of Metro One, Mr. Gary E. Henry said, “Metro One has been rebuilding its business from the ground up. We have recently signed multi-year contracts with several new customers and have also renewed contracts with all of our major customers in the last year.”