CCC GlobalCom Names Stephen Garcia CFO.Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 22, 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 ) announced today that Stephen A. Garcia, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , 43, has been appointed chief financial officer, effective immediately. He replaces Gary Allcorn who left the company to pursue other interests. Mr. Garcia will focus on the company's primary objectives, including raising capital to fund identified business objectives, strategic planning, directing the finance and accounting functions, and designing, implementing and monitoring internal controls and policy. He reports directly to Mr. Paul Licata, President of CCC GlobalCom. Mr. Garcia has over fifteen years of solid, senior-level finance and accounting experience and joined CCC GlobalCom in November when it acquired Incomnet, a reseller of communication services to residential and business customers, where he served as CFO See Chief Financial Officer. for two years. Some of his many achievements at Incomnet include the negotiation of $20 million of financing instruments and the successful restructuring and re-organization of the company. Mr. Garcia has also served as controller at Melles Griot griot African tribal storyteller. The griot's role was to preserve the genealogies and oral traditions of the tribe. Griots were usually among the oldest men. In places where written language is the prerogative of the few, the place of the griot as cultural guardian is still for five years after beginning his career at Deloitte & Touche, where he served as senior auditor for five years. He holds a B.S. in Accounting from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and resides in Fountain Valley, CA. Mr. Z.A. Hakim, vice 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. , stated, "Steve's finance and accounting expertise, coupled with his related industry experience, make him a valued member of our management team. Given the magnitude and quality of his contributions at Incomnet, we are confident that his vision and leadership will play a significant role in GlobalCom's continued growth momentum." CCC GlobalCom Corporation is a telecommunications company headquartered in Houston. The Corporation is an integrated communications provider offering a full range of communications services to commercial and residential customers while providing a single point of contact through bundled billing services. The Corporation provides its services as a 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) ). The Corporation provides local, long distance, high-speed data, Internet, paging, cellular and other enhanced communications services in the United States. In addition, the Corporation has extensive franchise operations in Latin America and is finalizing certain agreements for telecommunications services in South America. The Corporation is actively engaged in discussions and negotiations to acquire existing telecommunication service providers, customer bases and major telecommunication switching equipment to be deployed worldwide. Statements in this release, which express a belief, expectation, or intention, as well as those which 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. For additional information on CCC GlobalCom Corporation, please visit www.cccglobalcom.com. |
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