ATX Secures Largest Commercial Customer Contract in Company History.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--Oct. 30, 2002 Wholesale Provider Relationship with Virginia-based Single Source, Inc. Represents Millions in Annual Revenues ATX See ATX motherboard. (hardware, standard) ATX - An open PC motherboard specification by Intel. ATX is a development of the Baby AT specification with the motherboard rotated 90 degrees in the chassis. Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :COMM), a leading integrated communications provider, has successfully launched an alternative distribution channel with an agreement to provide wholesale inter-exchange carrier (communications) inter-exchange carrier - (IXC) A company allowed to handle long-distance calls following the break-up of the Bell system in the US by anti-trust regulators. and local exchange carrier services to Single Source, Inc. ATX will also be providing Internet, frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. and private line data services to Single Source. The multi-year agreement represents significant revenue and growth potential for both companies. "This is a strategic partnership between two companies that pride themselves on the product set and quality of service they deliver to their customers," stated Jeff Coursen, Senior Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ATX's Commercial Division. "We're extremely pleased about the revenue opportunity this represents and our success in launching this alternative distribution channel." "We're anxious to leverage ATX's strong network and human assets," said Jack Smith, founder and principal of Single Source. "Our decision was based on ATX's outstanding reputation, the commitment they've shown throughout our courtship, and the compatibility between our two organizations. We're confident that this relationship will have a direct, positive impact on our customers and the markets we serve for a long time." Headquartered in Richmond, VA, Single Source is an integrated communications provider offering local exchange carrier and inter-exchange carrier telephone, Internet, e-business, high-speed data, and wireless services to businesses in targeted markets throughout the Mid-Atlantic region. Single Source has a successful six-year operating history and currently serves approximately 1,000 commercial customers. About ATX Founded in 1985, ATX is a facilities-based integrated communications provider offering local exchange carrier and inter-exchange carrier telephone, Internet, e-business, high-speed data, and wireless services to business and residential customers in targeted markets throughout the Mid-Atlantic and Midwest regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Crain's 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 Business recently named ATX among the region's fastest growing companies. ATX currently serves approximately 400,000 business and residential customers. For more information on ATX, please visit www.atx.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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: In addition to the historical information presented, this release also includes certain forward-looking statements concerning the future development of the business. Such statements represent the Company's reasonable judgment on the future and are based on assumptions and factors that could cause actual results to differ materially. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such statements. |
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