CCC GlobalCom Signs Letter of Intent to Acquire Choctaw Communications dba Smoke Signal Communications.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Aug. 7, 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 it has entered into a Letter of Intent to acquire Choctaw Communications Corporation Inc., dba Smoke Signal Communications. The Letter of Intent between CCC GlobalCom and Smoke Signal is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. audit and calls for the close of the transaction on or before Aug. 31, 2002. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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, "The Letter of Intent establishes the purchase of Smoke Signal by using CCC GlobalCom's common stock. Smoke Signal's approximately 20,000 dial tone residential customers along with the premier customer service facility in Houston will be a positive addition to CCC GlobalCom's operation." 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 Colombia -- South America. CCC GlobalCom Corporation offers services into 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. 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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