Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

CTC Communications Activates Its Integrated Communications Network, IntelliNET, in the Philadelphia and Baltimore Markets.


Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--July 14, 2000

CTC CTC - Cornell Theory Center  Continues Branch Sales Office and Network Expansion

CTC Communications Group Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 NM: CPTL CPTL Compagnie des Pétroles Total Libye (Total SA Group Affiliates)
CPTL Center for Trade Policy and Law (Carleton University; Ottawa, Canada) 
)--a rapidly expanding provider of state-of-the-art integrated communications solutions for medium-to-large enterprises-- announced that it has installed and activated its Integrated Communications Network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software.  called IntelliNET(SM), in Philadelphia, PA. and Baltimore, MD. to serve business customers in these metro and surrounding areas as the Company continues its geographic expansion along the East Coast.

In advance of this network expansion, CTC already opened and staffed three sales offices in the eastern Pennsylvania region and two in Maryland to acquire and serve new business customers. CTC's announcement today represents a major commitment to both the Philadelphia and Baltimore areas and their surrounding communities. By activating its ATM+IP integrated communications network in these markets, the Company will now be able to deliver broadband voice and data services to business customers from Philadelphia to Allentown, PA and into Southern New Jersey markets, including Princeton and Trenton. In the Baltimore, MD marketplace, CTC will service Washington D.C. as well as the greater Baltimore area. The Company now enjoys contiguous sales and network coverage from Maine to Maryland.

In a related matter, CTC also announced the addition of Steven Cundall as Vice President of Branch Development. Mr. Cundall joins CTC with over 17 years experience in recruitment and development of sales and service teams in the field of telecommunications. Prior to joining CTC, Mr. Cundall operated Cornerstone Group ''This article or section is being rewritten at

should be added to this article, to conform with Wikipedia's Manual of Style.
Please discuss this issue on the talk page.
, which provided consulting services to telecommunications and other businesses in both sales and organizational development. Mr. Cundall will be responsible for supporting CTC's rapid expansion plans in the company wide hiring and development of sales and service personnel.

"We are very excited about both of these announcements today" stated Robert Fabbricatore, 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 CTC. "The response to IntelliNET(SM) has been great and by activating our network in Philadelphia and Baltimore we now have access to business customers from Maine to Washington D.C. that spend over $25 billion on telecommunications services and over $16 billion in our medium to larger business target market." Mr. Fabbricatore continued, "The addition of Steve Cundall will permit us to open and staff branch sales offices more efficiently and make them productive more rapidly. His expertise in hiring experienced and qualified individuals is exceptional and a critical skill set in this tight job market. He is on track in meeting our sales and service staffing needs as we aggressively expand our market presence and execute our growth plan."

About CTC Communications

CTC is a rapidly growing, full-service 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. ) delivering converged voice, data, Internet and video solutions to medium and larger business customers in the most robust telecommunications region in the world--the Washington D.C. to Boston corridor. Designated by Bloomberg Personal Finance Magazine as one of the top "one hundred fastest growing U.S. technology companies," CTC was serving more than 13,000 customers with 314,500+ access lines as of March 31, 2000. Central to the Company's performance and future growth is its Cisco-powered IP+ATM Integrated Communications Network (ICN ICN International Council of Nurses. ) named IntelliNET(SM), which is deployed throughout the northeast states.

CTC markets its full portfolio of services through its over 450 member sales and service representatives located in 36 branch offices throughout the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt.  States, 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
, New Jersey, Pennsylvania and Maryland. The Company, through its dedicated commitment to exceptional customer service, has achieved an industry-leading market share in the northeast and an industry-leading line retention rate in excess of 99 percent. CTC can be found on the worldwide web at www.ctcnet.com

The statements in this press release that relate to future plans, events or performance are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that involve risk and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements including branch sales office and ICN Network expansion and fiber network build-out.. Readers are, accordingly, cautioned not to place undue reliance on these forward-looking statements, including anticipated ICN Network capabilities, which speak only as to the date hereof. Additional information about these risks and uncertainties is set forth in the Company's most recent report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
. CTC undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect results, events or circumstances after the date hereof.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 14, 2000
Words:730
Previous Article:USA Video Interactive and Fox 61, WTIC-TV 61 to Provide Webcast Coverage of OpSail 2000 CT.
Next Article:Medi-Hut Applauds 15th State to Pass Safety Needle Legislation.



Related Articles
CTC Communications Installs 200th Customer Location on its IntelliNET; Customer Demand Exceeds Expectations.
CTC Communications Secures $225 Million Senior Secured Facility Underwritten by TD Securities-USA.
CTC Communications Group Declares 3 for 2 Stock Split; --Management's Confidence in Steady and Continuing Growth Prompts Split--.
CTC Communications & Cisco Systems Partner to Deliver First-of-its-Kind Seminar Series on "Convergence & e-Commerce".
Russell Oliver Joins CTC Communications as Vice President - Network Operations.
CTC Communications Group Announces $200 Million Strategic Equity Infusion.
CTC Communications Group Reports Preliminary March Operating Results; Record Operating Results Continue in March Quarter.
CTC Communications Group Closes $200 Million Strategic Equity Investment by Bain Capital, Thomas H. Lee Partners and CSFB Private Equity.
CTC Communications Selects Telcordia Technologies to Deliver Next Generation Network Solution.
Telcordia Call Agent Installed & Running At 11 CTC Communications Offices; Class 5 Softswitch Provides VoIP Services Between Offices.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles