equitel inc., a national prepaid consumer services provider, has named Mark Hahn as chief financial officer and Ernest Capone as executive vice president of sales and business development.

Hahn has more than 18 years of experience providing financial leadership in rapidly growing companies, including successful fundraising and strong relationships with the investment community. He was CFO for Performaworks Inc., a strategy management software company, and Charles & Colvard Ltd., where he led a $5 million private placement and a $45 million IPO. Previously, Hahn was a senior manager of entrepreneurial services at Ernst & Young in Baltimore.

Capone brings his 25 years of consumer and computer channel development experience to drive sales, establish new strategic partnerships and expand equitel’s presence in national and regional retailers, drug stores and convenience stores.

“These two key additions round out the executive team as we
prepare to expand our product portfolio,” Mary Walker, who recently was named president and chief executive officer, said in a statement. “Ernie’s wealth of experience and retail channel expertise enables us to rapidly expand our strategic relationships with service
providers and secure market share for our new prepaid service
products. Mark’s experience with public companies and strong relationships in the financial community are vital to position the company for rapid growth and financial success.”

equitel: www.equitel.com