CTC Communications Receives Certificate of Registration for the PowerPath Network Name.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--May 15, 2002 --Company Maintains 10 Year Naming Rights Naming rights are the right to name a piece of property, either tangible property or an event, usually granted in exchange for financial considerations. Institutions like schools, places of worship and hospitals have a tradition of granting donors the right to name facilities in to Use PowerPath(R) as a Registered Service Mark-- CTC CTC - Cornell Theory Center Communications Group Inc. (CTC)(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) ) announced it has received a certificate of registration for the PowerPath(R)service mark from the U.S. Patent and Trademark Office. The Company's PowerPath(R) Network is a packet-based communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. that allows for the convergence of voice, data and Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. over a single high speed connection to its business customers. CTC's network is a next-generation network that includes the latest in packet switching A network technology that breaks up a message into small packets for transmission. Unlike circuit switching, which requires the establishment of a dedicated point-to-point connection, each packet in a packet-switched network contains a destination address. , routing and softswitch technologies and is a 100% replacement to today's legacy circuit switched, data and hybrid networks. In October of 2001, CTC also announced that it had applied for a United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. patent on its PowerPath(R) Network as an Integrated Communications System In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. which is still pending. The system combines all voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. on a single network architecture and a single connection to the user through the use of three primary sub-systems. These sub systems enable voice and data communications at substantially lower cost, significantly higher functionality and meet or exceed all technical and operating standards. Robert Fabbricatore, Chairman and Chief Executive Officer, stated, "The PowerPath(R) Network is the cornerstone of our business strategy. Today, we use our packet-based architecture to deliver local voice, long distance voice, Internet access See how to access the Internet. , frame relay services and video applications to our medium and larger sized business customers using a single broadband connection. Our next generation network design allows us to serve all of these applications with a single network infrastructure. Our packet-based network provides a number of benefits including improved operating efficiencies, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. of less than 25% of traditional network infrastructures and margins in excess of 60%. Our customers benefit from this convergence onto our PowerPath(R) Network through substantial reductions in their monthly communications expenses." Fabbricatore concluded, "CTC continues to execute the strategy of introducing new customers to the benefits of the PowerPath(R) Network and migrating a significant number of our existing 15,000 customers. When a customer migrates from our off-net portfolio of services to our PowerPath(R) Network the Company's margins increase from 20% to more than 60% all while reducing our customers expenses by 10-30% monthly. We have built the network that our competitors are talking about, one that ensures that existing customers are optimized for today as well as properly positioned for the future of voice and data communications." About CTC Communications CTC is a rapidly growing "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 was managing more than 607,000 access lines as of March 31, 2002. CTC's Cisco Powered IP+ATM packet network and its 450 member sales and service teams, provide contiguous marketing and technology coverage throughout the Northeast and Mid-Atlantic States. 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. The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risk and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements including the possibility of patents being received on its PowerPath(R) Network. Readers are, accordingly, cautioned not to place undue reliance on these forward-looking statements. Additional information about these risks and uncertainties is set forth in the Company's most recent report on Forms 10-K and 10-Q. 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. |
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