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Virgin Mobile USA Announces Results of First Annual Meeting
WARREN, N.J., May 15 /PRNewswire-FirstCall/ -- Virgin Mobile USA, Inc. (the "Company") announced that its shareholders approved both proposals submitted at its 2008 Annual Meeting of Shareholders, held today.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )
At the meeting, the shareholders re-elected each member of the Company's Board of Directors. Daniel H. Schulman, Thomas O. Ryder, Frances Brandon-Farrow, Douglas B. Lynn, Mark Poole, Robert Samuelson, L. Kevin Cox, and Kenneth T. Stevens will each hold office until the date of the annual meeting of stockholders of the Company in 2009, and, in each case, until their respective successors are elected and have qualified.
Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP to serve as the Company's independent registered public accounting firm. PricewaterhouseCoopers LLP will audit the books of account and other corporate records of the Company and will review the adequacy and effectiveness of the Company's internal controls over financial reporting in 2008.
About Virgin Mobile USA
Virgin Mobile USA offers more than five million customers control, flexibility and choice in wireless service, rich data content and innovative products without annual contracts. Voice pricing plans range from monthly options with unlimited nights and weekends to by-the-minute offers, allowing consumers to adjust how and what they pay according to their needs. Virgin Mobile USA's smart, stylish and affordable handsets, including the Wild Card, Super Slice and Flare, are available at top retailers in more than 40,000 locations nationwide and online at http://www.virginmobileusa.com/ , with Top-Up cards available at more than 140,000 locations.
J.D. Power and Associates ranked Virgin Mobile USA highest in customer satisfaction among wireless prepaid services in both 2006 and 2007, and its customers report a 90% satisfaction rate. Virgin Mobile USA contributes a portion of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth, and provides postage-paid return envelopes in every new phone package for customers to recycle old phones. Virgin Mobile USA's national coverage is powered by the nationwide Sprint PCS network.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILEAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com
Virgin Mobile USA, Inc.
CONTACT: Media, Jayne Wallace, +1-908-607-4014,jayne.wallace@virginmobileusa.com, or Investors, Erica Bolton,+1-908-607-4108, erica.bolton@virginmobileusa.com, both of Virgin Mobile USA
Web site: http://www.virginmobileusa.com/
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