ACN Partners with Covad to Deliver Broadband Services to Customers.Business Editors/High-Tech Writers FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Jan. 9, 2004 ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network : -- Covad Nationwide DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Network to Accelerate Success Of ACN Advantage, Capitalizing on the Growing Demand for Bundled Voice and Data Services ACN, a fast growing privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. and a leader in voice, internet, mobile and energy services, today announced a resale agreement with leading broadband service provider An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. , Covad Communications Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ). This partnership allows ACN to offer local/long distance bundled calling combined with Covad's digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL) broadband service as part of ACN Advantage calling plans. As a result, ACN customers will enjoy the convenience of bundled voice and data services in one comprehensive package. Monthly, thousands of customers are already selecting ACN as their local/long distance calling provider. ACN will integrate Covad's DSL service and therefore offer additional appeal to those consumers seeking to combine their voice and data communication services under one provider. Covad's DSL service will be available as part of ACN's already successful ACN Advantage service. ACN President Greg Provenzano stated, "We're proud to join forces with Covad and offer consumers a fresh choice for a bundled product that will deliver local and long distance calling services as well as DSL service. Since its launch, ACN Advantage has experienced rapid growth, and this addition to our bundled package will accelerate momentum even further." This exceptional new alternative will be available to the rapidly growing number of ACN Advantage customers across the country, with a market introduction during March 2004. ACN Advantage is currently available to consumers in the following 13 states: California (SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. ), Florida, Georgia, Illinois, Maryland, Michigan, New York, North Carolina, Ohio, Pennsylvania, Texas, Utah and the territory of Washington DC. ACN is also pleased to announce planned new service expansion of ACN Advantage and Covad's DSL service into following 16 states during the 1st quarter of 2004: Alabama, Arizona, California (Verizon), Colorado, Kentucky, Louisiana, Massachusetts, Minnesota, Missouri, Nevada, New Jersey, Oregon, Pennsylvania, Tennessee, Washington and Wisconsin. "Our partnership with ACN to provide bundled telecommunication services enables Covad to play a significant role in increasing broadband adoption," said Charles Hoffman, Covad 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. and President. "By utilizing Covad's nationwide network, ACN now has the ability to service millions of new customers with the competitive advantage of DSL." Major telecommunications companies across America rely upon Covad to provide exceptional broadband service. ACN is pleased to add their name to this growing list of successful partnerships. For more information on ACN, including its products, services, or independent business opportunity, visit www.acninc.com. About ACN ACN is a leading direct selling company offering highly competitive local, long distance, wireless, internet access, gas and electricity services to consumers and small businesses in the United States, Canada and Europe. ACN is one of the fastest growing privately held companies with annual revenue growth of almost 50% and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue of nearly $500 million. ACN markets directly to consumers and small businesses using thousands of commission based Independent Business Representatives. ACN's services are available in: United States; Canada; Austria; Denmark; Finland; Germany; Ireland; Italy; Netherlands; Norway; Sweden; and the United Kingdom. Headquartered in Farmington Hills, Michigan Farmington Hills is the most populous city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is known for it's affluence, excellent schools, great housing stock, luxury homes and a center of business in Oakland County and Metro Detroit. , ACN also has regional service centers in: Marquette, Michigan; Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. ; Irvine, California; Amsterdam, The Netherlands; and Amal, Sweden. ACN is a member of CompTel and a proud member of the Direct Selling Association The Direct Selling Association or DSA is the American national trade association of leading firms that manufacture and distribute goods and services sold directly to consumers typically through in-home or person-to-person sales. . For more information about ACN, please visit www.acninc.com. About Covad Covad is a leading national broadband service provider of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL, T1, managed security, hosting, IP, dial-up services and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad operates the largest national DSL network with services currently available in 96 of the top Metropolitan Statistical Areas (MSAs). Covad's network currently covers more than 45 million homes and businesses and reaches approximately 45 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles Robles is a common surname in the Spanish language meaning oaks, and may refer to:
Safe Harbor Statement under 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: The statements contained in this press release that are not historical facts are "forward-looking statements," including expectations regarding potential sales of services through ACN and the statements made by the President and Chief Executive Officer and the assumptions underlying such statements. Actual events or results may differ materially as a result of risks facing Covad or actual results differing from the assumptions underlying such statements. Such risks and assumptions include, but are not limited to, future FCC rulemaking, Covad's ability to continue as a going concern, to continue to service and support its customers, to successfully market its services to current and new customers, to manage the consolidation of sales to a fewer number of wholesale customers, to successfully migrate end users, Covad's ability to generate customer demand, to achieve acceptable pricing, to respond to competition, to develop and maintain strategic relationships, to manage growth, to receive timely payment from customers, to access regions and negotiate suitable interconnection agreements, all in a timely manner, at reasonable costs and on satisfactory terms and conditions, as well as regulatory, legislative, and judicial developments and the absence of an adverse result in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. against Covad. Covad disclaims any obligation to update any forward-looking statement contained in this press release. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Covad's SEC Annual Report on Form 10-K for the year ended December 31, 2002 and the 10-Q for the quarter ended September 30, 2003, along with Current Reports on Form 8-K filed from time to time with the SEC. |
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