Press Releases
Visual Networks Reports Option Grant for CFO
Rockville, MD, Sept. 20, 2004 — Visual Networks, Inc.® (Nasdaq: VNWK) today announced, that in connection with its recent employment
of Don Clarke as its chief financial officer, on July 12, 2004, the company
granted Mr. Clarke an option to purchase 300,000 shares at $2.54, the fair
market value on the date of grant, vesting 25% at the end of Mr. Clarke's first year
of employment, and the remaining 75% in equal monthly installments thereafter.
The option will fully vest upon a change of control.
Visual Networks was recognized as a World Class Winner in Network World's
recent network management product review
(http://www.nwfusion.com/reviews/2003/1006rev.html) and has the broadest suite
of proven performance management solutions that help enterprise customers
manage the delivery of mission-critical applications across their underlying
infrastructure. Visual Networks' products increase application and network
availability, optimize the use of bandwidth, and reduce operating costs across
traditional and new IP-based infrastructures. The world's leading service
providers and enterprises are using Visual Networks' award-winning products.
To find out more, call 1-800-240-4010 for sales information.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and is subject to the safe harbor created by those
sections. The forward-looking information is based upon current information
and expectations regarding Visual Networks and its subsidiaries. These
estimates and statements speak only as of the date on which they are made, are
not guarantees of future performance, and involve certain risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual outcomes and
results could materially differ from what is expressed, implied, or forecasted
in such forward-looking statements. Visual Networks assumes no obligation to update the information contained
in this press release. Visual Networks' future results may be impacted by
risks associated with rapid technological change and the emerging services
market, potential fluctuations in quarterly operating results, ongoing patent
litigation, its dependence upon sole and limited source suppliers and
fluctuations in component pricing and availability, its dependence upon key
employees, and its ability to retain employees. Visual Networks' future
results may also be impacted by other risk factors listed from time to time in
its SEC filings, including, but not limited to, the Company's Quarterly
Reports on Form 10-Q and its Annual Report on Form 10-K.
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