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Neutral Tandem CEO Rian J. Wren Announces Retirement; Board Elects G. Edward Evans CEO; Neutral Tandem Also Announces $50 Million Stock Repurchase Program

CHICAGO, Feb. 21, 2011 (GLOBE NEWSWIRE) -- Rian J. Wren, Chief Executive Officer of Neutral Tandem, Inc. (Nasdaq:TNDM) since 2006, has announced his decision to retire from the company on April 1, 2011. He will continue to serve on the Board of Directors following his retirement.  

Neutral Tandem's Board of Directors has elected G. Edward Evans to succeed Mr. Wren as Chief Executive Officer, effective April 1, 2011. Mr. Evans has served on Neutral Tandem's Board of Directors since November 2008. Mr. Evans will also continue to serve on the Board of Directors.  

"On behalf of the other Directors, I would like to thank Rian Wren for his many outstanding contributions to Neutral Tandem," said Jim Hynes, Founder and Chairman of Neutral Tandem. "We were fortunate to have his guidance and direction at the core of our organization for the past five years, including through our initial public offering and beyond. We are also pleased that Rian will remain actively involved in the company by continuing as a board member."

"Ed Evans brings extraordinary management talent and a distinguished track record to his new position," continued Hynes. "Ed's strategic vision is a perfect match for our company as we move to the next stage of our development."

"It has been a privilege to lead this tremendous company," said Wren. "I am exceptionally proud of the efforts of all of our employees who have worked hard to transform Neutral Tandem from a U.S. voice interconnection company into a global IP‑based network service company focused on delivering global connectivity solutions."

Mr. Evans, 49, has served as a Director of Neutral Tandem since November 2008. Mr. Evans is currently the Chairman of the Board and Chief Executive Officer of Stelera Wireless, a leader in deploying broadband services to rural markets throughout the United States. Mr. Evans intends to resign as Chief Executive Officer of Stelera Wireless prior to April 1, 2011. Prior to Stelera Wireless, Mr. Evans served as the Chairman of the Board and Chief Executive Officer of Syniverse Holdings, Inc. Mr. Evans was elected Syniverse's Chairman in February 2005 after having served as a director since February 2002. Mr. Evans served as the Chief Executive Officer of Syniverse from February 2002 until January 2006. Mr. Evans remained Chairman of the Board of Syniverse until January 2007. From January 1997 to January 2002, Mr. Evans held various executive positions with Dobson Communications Corporation, first as President of its cellular subsidiaries and then as President and Chief Operating Officer of the organization. Today, Mr. Evans serves on the boards of Solix, CTIA—The Wireless Association, Carolina West Wireless, and the Network Reliability and Interoperability Commission, an advisory committee to the FCC.

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