CTC Communications Launches PowerNet Internet Access; Dedicated Internet Service to Be Offered to Business Customers in Northeast.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 25, 2003 CTC CTC - Cornell Theory Center Communications Group, Inc. Announced the Launch of Its New Powernet Internet Access See how to access the Internet. Service for Business Customers Business customers -- both resale customers and customers using CTC's PowerPath(R) network -- will be able to subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; this competitively priced dedicated Internet access service at varying bandwidths from 384 Kbps, 768 Kbps and 1.544 Kbps. The service will be available immediately in most markets and will be rolled out progressively across CTC's service area in 2003. PowerNet Internet will be available both on its own and in combination with certain advanced services from CTC's Advanced Technology Center. PowerNet will be operated on CTC's high-performance PowerPath(R) converged IP network. The Company expects PowerNet to be the first in a series of new product offerings provided over CTC's PowerPath(R) network that will not require an integrated access device An IAD is a customer premises device that provides access to wide area networks and the Internet. Specifically, it aggregates multiple channels of information including voice and data across a single shared access link to a carrier or service provider PoP (Point of Presence). (IAD (Integrated Access Device) A device that multiplexes a variety of communications technologies in the customer's premises onto a single telephone line for transmission to the carrier. It also demultiplexes the incoming streams into their respective channels. ) to be installed on the customer's premises. CTC's Interim 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. , Michael Katzenstein, said, "CTC is excited with the potential of this new addition to its product line and pleased to reinforce its leadership in providing telecommunications services to business customers in its fourteen-state service area." About CTC CTC is a "next generation" Integrated Communications Carrier utilizing advanced technology and providing its customers with converged voice, data, Internet and video services on a broadband, packet-based network, called the PowerPath(R) Network. The Company serves medium and larger business customers from Virginia to Maine, which includes the most robust telecommunications region in the world -- the Washington D.C. to Boston corridor. CTC's Cisco Powered IP+ATM packet network and its top-tier sales and service teams provide contiguous marketing and technology coverage throughout the Northeast and Mid-Atlantic States Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. . The Company, through its dedicated commitment to exceptional customer service, has achieved an industry-leading market share in the Northeast. CTC can be found on the worldwide web at www.ctcnet.com. 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. Statement The statements in this press release that relate to future plans, events or performance "forward-looking statements". Forward-looking Statement are not guarantees of future performance and involve significant risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements as a result of various factors, some of which are unknown. These risks and uncertainties include the ability to obtain needed capital, including any required consents of lenders, lessors, and preferred stockholders and any necessary restructuring of indebtedness, the attainment of EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become positive, free cash flow and net income positive results, improved margins, network and fiber deployment plans and schedules, revenue growth, resale customer movement to the network, network applications and services development and deployment, financial results, operating metrics expectations, reduced operating costs operating costs npl → gastos mpl operacionales , and the effects of the current economic conditions. Readers are, accordingly, cautioned not to place undue reliance on these forward-looking statements. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion