Advanced Communications Group Jump Starts the Implementation of Its Operation Support System - OSS -.ATLANTA--(BUSINESS WIRE)--June 17, 1998--Advanced Communications Group (NYSE NYSE See: New York Stock Exchange :ADG ADG average daily gain. ADG Ambulatory diagnostic group ) today announced that management leadership from throughout the Midwest completed an intense three-day DesignShop(TM) last week sponsored by the consulting firm Ernst & Young LLP to accelerate the implementation of its facilities based operating model. After intense planning and review of where the company is and envisions itself in the future, the team identified the following key elements which will be addressed in the final planning document: integration of operating units, employee communications, operations support system implementation, network design and organizational design. The planning session was developed to enable organizations to leverage expertise in new ways in service to their clients. According to consultants Larry Kaye and Leslie Hamilton, the program utilizes innovative work processes linked to technology, work environment and solution objects for rapid design, prototyping and implementation. "The session was a jump-start for implementing a new operations support system (OSS) and our new organization which will allow us to become an effective and efficient facilities-based, full-service telecommunication services provider," said Richard P. Anthony, president and 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. , Advanced Communications Group. "It is the culmination of our program to integrate the operations of the 10 companies merged together at our February IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ." Advanced Communications Group, headquartered in St. Louis, Mo, was founded to create a regional competitive local exchange carrier (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ) that provides a portfolio of integrated telecommunications services to business and residential customers in selected service areas and also publishes yellow page directories. Currently operating in 13 Midwestern and Southern states, Advanced Communications Group has nearly 700 employees, half of whom are quota-bearing salespeople. The company also holds a 49 percent interest in KIN Network, Inc., which operates the largest fiber optic network in Kansas. Advanced Communications Group, Inc. conducted no operations prior to its initial pubic offering and the concurrent acquisitions of its operating companies that were completed on February 18, 1998. Advanced Communications Group is unique among CLECs in that it is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and is cash-flow positive when measured by earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
CONTACT: Ruder-Finn Media: Kathleen Ashby, 312/644-8600 Investor: Lev Janashvili, 212/583-2761 |
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