CCC GlobalCom Corporation Receives Approval to Operate as a Facilities-Based Competitive Local Exchange Carrier in Texas.Business Editors & High Tech Writers HOUSTON--(BUSINESS WIRE)--Sept. 20, 2000 CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. GlobalCom Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CCGC CCGC Canadian Coast Guard College CCGC Canadian Coast Guard Cutter ), a Houston-based telecommunications company, announced today that it has received approval to operate as a facilities-based 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) ) in Texas. CCC will utilize the unbundled network elements platform (UNE-P UNE-P Unbundled Network Element - Platform ) service offering to provide local telephone service to small and medium sized businesses and residential customers in the operating areas of Southwestern Bell and GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) . According to Mr. Z. A. Hakim, chairman 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. of CCC GlobalCom Corporation (CCC), this change from being a reseller of local telephone services to a provider of facilities-based services will drastically improve CCC's margins and continue to insure that the highest quality customer service to its customers. This UNE-P service does not increase the operational expenses of CCC nor does it require additional personnel to operate under this platform. CCC is now authorized to operate as a local telephone service provider in California, Florida, Illinois, Kansas, Missouri, New Jersey, 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 , Pennsylvania, Texas and Wisconsin. Other state certifications are pending but are expected to be granted in the near future. Bob Livingston, president, CLEC Division stated, "We will continue to utilize our strategy of rapid, low-cost market entry under the UNE-P service offering, as we expand our service offering across the United States." The UNE-P service offering continues to be the quickest and most cost-efficient method of entering the local communications market and building a customer base. CCC is a publicly traded communications company, which is capitalizing on the convergence of the current and future competitive technological and regulatory developments in the domestic and international communications markets. CCC provides an integrated suite of communications services to small- and medium-sized businesses and residential customers including: local telephone service, long distance telephone service, Internet service via dial-up and dedicated access, paging services, wireless services, state-of-the-art enhanced services and Web site design and hosting. These services are offered on single invoice as a Pre-Paid or Post-Paid product. CCC is a holding company concentrating on providing communications services utilizing Internet technologies and services throughout the Western Hemisphere, providing services for E-commerce, business-to-business and residential markets. CCC expects to begin telecommunications operations in South America by the end of 2000. Statements made in this press release that are not historical or current facts are "forward-looking statements" made pursuant to the 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. provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. CCC undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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