Cordia Communications Receives CLEC Certification in Illinois.Business Editors & Telecommunications Writers RIDGEFIELD, Conn.--(BUSINESS WIRE)--Sept. 30, 2002 Cordia Now Certified in Illinois, Florida, New Jersey, 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 and Pennsylvania With a Combined Telecommunications Services Market of Over $65 Billion Cordia Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CORG CORG Combat Operations Research Group ), a provider of technology enabled outsourced services to the insurance and telecommunications industries, today announced that its subsidiary, Cordia Communications Corp. has received 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) certification in Illinois. Cordia also announced that it expects to begin to sell local and long distance services throughout the State of Illinois with an offering of up to 25% savings from the retail rates charged by the incumbent local exchange carrier ILEC, short for incumbent local exchange carrier, is a local telephone company in the United States that was in existence at the time of the break up of AT&T into the Regional Bell Operating Companies (RBOCs) also known as the "Baby Bells". . Cordia's 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. , Craig Gironda stated, "We are pleased to have received our CLEC certification in Illinois. Illinois is another attractive market for us with approximately $12 billion in annual telecommunications services and some of the lowest wholesale pricing in the country. We are currently in the process of setting up our local services wholesale agreements and expect to begin selling services in Illinois during the first quarter of 2003. Our telecommunications service offerings have been well received in New York, where we have actively been selling services since last June. We also expect to begin actively selling our services in Pennsylvania and New Jersey during November." In addition to offering discounted services, Cordia will continue to add value for its customers through online customer automation and self-service tools located at www.cordia.us. Cordia has already introduced the first set of these tools, which are designed to create a virtual outsourced telecommunications management service for its customers and partners. Cordia Corporation develops and provides industry specific applications, solutions and services. Cordia's primary operations are currently concentrated in the insurance industry through its operating division, Insurance Solutions Group (ISG ISG Iraq Study Group ISG Iraq Survey Group ISG International Steel Group ISG Integrated Security Gateway ISG Information Systems Group ISG Information Systems Group (IBM) ISG Integrated Starter/Generator ) and the telecommunications industry through its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Cordia Communications Corp. Cordia plans to expand its efforts into additional industry segments. This release contains 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 risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements. |
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