Global Capacity Announces Contract with Wireless Access Provider
HeraMAX selects Global Capacity's One Marketplace for fully managed network solutions
CHICAGO, Feb. 23 /PRNewswire-FirstCall/ -- Global Capacity, Inc. (parent: Capital Growth Systems, Inc. (OTC Bulletin Board: CGSY), the world's leading telecommunications information and logistics company, and HeraMAX , a U.S. based Wireless Access Provider, today announced that HeraMAX has chosen Global Capacity as their network vendor of choice to support the launch of their new products.
Global Capacity's "One Marketplace" solution provides HeraMAX the network reliability and scalability needed to support the company's 2010 growth rates in new markets. HeraMAX chose the fully-managed, One Marketplace platform for the ability to optimize network configurations with operational and cost efficiencies providing flexibility with route design and lower access costs.
"We are very pleased to have Global Capacity as our multi regional access solution provider", stated Nathan Nelson, COO and Founder of HeraMAX. "This choice allows HeraMAX to focus on our core competency and service our customers, while Global Capacity leverages their infrastructure and provides a single source of networking capabilities, information and logistics support. We view Global Capacity and the "One Marketplace" product as the complete network solution needed for us to successfully launch our new business. Given the importance of network reliability and speed of delivery for future expansions, the decision to choose Global Capacity as our network provider is key to HeraMAX's success."
Under the terms of the agreement, HeraMAX will purchase connectivity and data- movement services from Global Capacity's "One Marketplace" network. As a part of the regular service, Global Capacity will offer 24x7 support of all network functionality and connectivity alterations/expansions through its group of network operations centers and points of presence, in major U.S. cities. The fully scalable solution is viewed as a favorable alternative to the more costly, independent operation of large, complex network architectures.
Partnering with HeraMAX as they launch their new wireless solution in markets across the United States during 2010, highlights the dramatic benefits of the "One Marketplace" (OMP) product," said Greg Hough, Global Capacity's Chief Technology Officer. "OMP offers HeraMAX the ability to simplify market expansion with the rapid deployment of service as they expand into new markets with proactive network monitoring. The OMP product allows HeraMAX to focus on their business, while Global Capacity manages the network."
For more information on Global Capacity, please visit www.globalcapacity.com, and to learn more about the GCPrice platform, please visit www.gcprice.com.
About Global Capacity
Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom information and logistics company providing a fully integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, and carrier customers worldwide. Global Capacity is headquartered in Chicago, IL, with operational centers in Waltham, MA and Manchester, England; and offices in Houston, TX; Glastonbury, CT; New York, NY; Austin, TX; London, England; and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact the company at + 1 312-673-2400.
About HeraMAX
HeraMAX, a Fort Worth, TX based wireless company is the first data and voice integrated 3.65 GHZ WiMax carrier in the United States. For more information please contact Nathan Nelson directly at [email protected].
Forward Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends, and uncertainties such as: the Company's inability to accurately forecast its operating results; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; and other risks associated with the Company's business.
For further information on factors which could impact the Company and its subsidiaries and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Global Capacity, Inc.
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