CHICAGO, Jan. 20 /PRNewswire/ -- Global Capacity, Inc. (parent: Capital Growth Systems, Inc.) (OTC Bulletin Board: CGSY) the world's leading telecommunications information and logistics company, today announced additional expansion of its flagship network delivery product, One Marketplace. This expansion is driven by orders from a major international network integrator, who is leveraging One Marketplace to affect a network redesign of its North American network that connects U.S. locations to sites in 30 countries around the globe. The context of these orders is a business solution that will increase efficiency and reduce cost, enabling the client to close unnecessary and costly infrastructure by migrating the client's network to the Global Capacity's One Marketplace platform, where it will be aggregated with other Global Capacity customers. These orders will fuel an expansion of One Marketplace capacity, including new interconnections with a strategic regional supplier in the mid-west.
"These orders reflect the essential elements of the Global Capacity business model as we have focused it for 2010," said Jack Lodge, Chief Operating Officer and head of service delivery for Global Capacity. "To fully understand the scope and value of this solution, you must look at it in the greater context of the global telecommunications industry."
Elisabeth Simao, Global Capacity Information Head, noted that "Global Capacity's information reach extends into 195 countries and this business intelligence is the basis of the value proposition that this client has embraced."
This expansion is in-line with Global Capacity's 2010 strategy to build on the momentum achieved by One Marketplace, as evidenced by the 160% growth rate experienced in 2009. Driven by robust demand across new and existing customers, One Marketplace continues to increase capacity, leveraging interconnections with a growing number of strategic partners to expand the breadth and depth of cost effective network options available to customers participating in One Marketplace.
"We are pleased to add both a new customer and a new supplier to One Marketplace, building on our success with this product in 2009," said Patrick Shutt, Global Capacity Chief Executive Officer. "One Marketplace combines the core assets of Global Capacity - our information, systems and expertise - to deliver innovative solutions to our customers that increase the flexibility and efficiency of their network, while reducing overall costs."
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; London, England; and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact the Company at 312-673-2400.
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-KSB, quarterly reports on Form 10-QS, 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.