Optasite Names Michael Boychuk to Board of Directors

WESTBOROUGH, Mass., Oct. 9 /PRNewswire/ -- Optasite, Inc., a fast-growing developer, owner and operator of telecommunications tower sites, today announced that Michael Boychuk, Senior Vice-President and Treasurer of BCE Inc. and Bell Canada, has joined the Company's Board of Directors. In this role, Boychuk will leverage his experience to help define corporate direction and strategies to expand Optasite's market leadership.

As a Senior Vice-President and Treasurer of BCE Inc. and Bell Canada, Boychuk has been involved in financings for the BCE group of companies in excess of $20 billion. In addition to his Treasury responsibilities, he is also responsible for Corporate Finance and is the senior officer responsible for the BCE / Bell pension plan. Boychuk has a strong background in mergers and acquisitions and is a member of the advisory Board of Centennial Ventures, a billion dollar plus private equity fund based in Denver, Colorado as well as Chair of the Audit Committee of Yellow Pages Income Fund.

"There are a number of changes taking place right now in the wireless industry," said Boychuk. "Optasite has shown it can deliver what the tower market needs and that it has an executive team in place to ensure the Company is a major player in the industry. I'm looking forward to being a part of the team that continues to grow this organization."

"Optasite has quickly grown to be the fifth largest player in the tower industry and we need strategic thinking corporate directors who can help guide us in building a successful company," said Jim Eisenstein, Chairman and CEO of Optasite. "Mike will provide key direction to our Company as we continue to expand our business and we are excited to have him join our Board."

With the addition of Boychuk, Optasite's board now consists of seven members, including: Jim Eisenstein, chairman and CEO; Jon Auerbach, Highland Capital Partners; Tripp Peake, Long River Ventures; Matt Newton, Columbia Capital; Ted Mocarski, Key Venture Partners and Rand Lewis, Centennial Ventures.

About Optasite

Headquartered in Westborough, Massachusetts, Optasite is one of the fastest growing tower companies in the United States. Giving effect to pending transactions, Optasite has 511 towers in its portfolio and focuses on a strategy of disciplined tower acquisition and development. The Company currently owns towers in 29 states, as well as the U.S. Virgin Islands. Optasite is funded by leading financial investors, including Centennial Ventures, Citi, Columbia Capital, Highland Capital Partners, Key Venture Partners and Babson Capital Management. For more information, please visit http://www.optasite.com.