CCC GlobalCom Named Preferred Carrier Into Indonesia By TELKOM; Provides All Telecommunications Services From North America Into Indonesia.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--May 21, 2002 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 (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCGC CCGC Canadian Coast Guard College CCGC Canadian Coast Guard Cutter ), an emerging leader in high value telecommunications solutions, announced today that it has been named as the preferred clearinghouse for VoIP (Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) telecommunication business from 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. into Indonesia through its agreement with Indonesia-based Probis VoIP of Persero Telecommunication TBK (TELKOM) (Tokyo:POWL POWL Public Offering Without Listing (Japan) ), the prominent full network and service provider in Indonesia. CCGC serves as the clearinghouse for TELKOM traffic from the United States, where wholesale customers interface with the TELKOM VoIP network via CCGC. In addition, CCGC offers retail services that include the termination of calls, such as phone-to-phone, fax, data, unified messaging services, short message service, e-mail, voicemail and other enhanced service, as well as pre-paid calling card service, which is initially being sold in the United States. "As the preferred provider for the termination of VoIP calls into Indonesia, CCGC and TELKOM are now well positioned to benefit from this rapidly expanding market as well as being recognized as an emerging leader in the high-growth international market," stated 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. "CCGC looks forward to building on our strategic relationship with TELKOM with the establishment of its Indonesia Office, under the management of Dr. Nono F. Padmodimuljo as Chief Representative, for a long-term, mutually rewarding relationship. We are confident in the success of this partnership as we leverage our platform of superior services at competitive rates to access other Pac-Rim countries." Endy Prijanto, project director of TELKOM, stated, "We selected CCGC as our preferred operating partner because of the proven success of its services, which are offered at competitive rates. Together, we can expand the Indonesian network on a worldwide basis with points of presence on a global basis, offering superior telecommunications services at the best possible value." Probis VoIP of Persero Telekomunikasi TBK is also listed on the Tokyo, Jakarta and Surabaya stock exchanges, as well as London (LYSE lyse (liz) 1. to cause or produce disintegration of a compound, substance, or cell. 2. to undergo lysis. lyse or lyze v. To undergo or cause to undergo lysis. ) and 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 (NYSE NYSE See: New York Stock Exchange ). CCC GlobalCom Corporation is an Integrated Communications Provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) headquartered in Houston. CCC GlobalCom Corporation offers a full range of communications services to commercial and residential customers while providing a single point of contact through bundled billing services. CCC GlobalCom Corporation provides local, long distance, high-speed data, Internet, paging, and other enhanced communications services in the United States. In addition, CCC GlobalCom Corporation has franchise operations in Latin America and is in the process of finalizing certain agreements for telecommunication services in South America. CCC GlobalCom Corporation offers services into to Indonesia that include the termination of calls, such as phone-to-phone, fax, data, unified messaging services, short message service, e-mail, voicemail and other enhanced services, as well as pre-paid calling card service. In addition, CCC GlobalCom Corporation has been named as the preferred clearinghouse for VoIP traffic terminating in Indonesia. CCC GlobalCom Corporation is actively seeking opportunities to acquire existing telecommunication service providers, customer bases and major telecommunication switching equipment to be deployed worldwide. For additional information on CCC GlobalCom Corporation, please visit www.cccglobalcom.com. Statements in this release, which express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking. They involve a number of risks and uncertainties, which may cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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