3P Networks Inc. to Acquire Caribbean Cable Television Group."Establishment of Network Operations Center See NOC. Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems. Top Priority" NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 3P Networks Inc. (the "Company") (Pink Sheets:TPNW), further to a company news release on August 20th, 2007 regarding the closing of a $12 million round of funding, today announced that it is negotiating to acquire a Caribbean-based telecommunications provider from which to establish its regional operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. and provide local digital voice, data and video services. Chris Farnworth, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 3P Networks, said, "We are very pleased to be entering the Caribbean Market. Once we conclude this acquisition it will provide 3P Networks with the satellite and fiber optic infrastructure to create a world-class network operations center and establish our regional presence." About 3P Networks 3P Networks Inc. is a diversified, multi-service telecommunications company See telecom company. with interests in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the Caribbean. The Company is focused on aggregating subscribers, which provides the company with monthly recurring revenue on a single platform. 3P Networks provides custom bundling of emerging digital telecommunications "triple play" products, such as HD-TV, fixed and mobile wireless VoIP, and Broadband Internet connectivity, delivered to its subscribers in both underserved rural areas and urban high demand markets - all on a common platform. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of 3P Networks Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. |
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