PRIME COMPANIES INC. GETS CLEC STATUS IN NEW YORK STATE.Prime Companies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: PRMC PRMC Peninsula Regional Medical Center (Salisbury, Maryland) PRMC Prime Companies, Inc (stock symbol) PRMC Protocol Review and Monitoring Committee PRMC Pratt Regional Medical Center ), Yuba City, Calif., has received Competitive Local Exchange Carrier (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) ) status in the state of New York. Prime Companies reports that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. LMDS (Local Multipoint Distribution Service) A digital wireless transmission system that works in the 28 GHz range in the U.S. and 24-40 GHz overseas. It requires line of sight between transmitter and receiving antenna, which can be from one to four miles apart Communications, Inc. has received Competitive Local Exchange Carrier (CLEC) status in New York State. CLEC status allows LMDS Communications, Inc. the ability to provide traditional telecommunications services and be connectecd to the Public Switched Telephone Network (PSTN). About LMDS COMMUNICATIONS, INC.: LMDS Communications, Inc. is a Delaware company a wholly owned subsidiary of PRIME COMPANIES INC. LMDS Communications, Inc. obtained LMDS licenses at the 1999 Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. auction and is now preparing to deploy broadband wireless services such as high speed Internet access, (POTS) plain old telephone service, high speed data, video conferencing and wireless cable TV. The CLEC status will further enable LMDS Communications, Inc. to connect to the Public Switched Telephone Network (PSTN). LMDS COMMUNICATIONS, INC is a wholly owned subsidiary of PRIME COMPANIES, INC. About PRIME COMPANIES, INC.: Prime Companies, Inc., through its wholly owned subsidiaries currently provides telecommunications services to both commercial and consumer customers throughout the U.S., with its primary focus on the California market. The services offered include prepaid telecommunications, interconnect, paging and voicemail services. The company intends through its wholly owned subsidiary LMDS Communications, Inc. to provide LMDS (Local Multipoint Distribution Services) to various markets. LMDS is the broadband wireless technology used to deliver voice, data, Internet and video conferencing in the 28 GHz and higher Spectrum. For more information, call 530/755-3580. |
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