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Core180 Awards Pricing Software Contract to Global Capacity

Posted on: Thursday, 24 September 2009, 09:59 CDT

CHICAGO, Sept. 24 /PRNewswire-FirstCall/ -- Global Capacity (parent: Capital Growth Systems, Inc. (OTC Bulletin Board: CGSY)), the world's leading telecommunications information and logistics company, today announced that it has won a new contract with Core180, a leading network integration and telecom platform provider in North America. Under the terms of the 36 month contract, Global Capacity will deliver a customized version of its automated pricing software, enabling Core180 to quickly and accurately generate competitive market pricing for off-net access requirements, on-net long haul private line as well as several additional Core180 services such as multiplexing and Ethernet. This capability will accelerate Core180's pricing process, compressing sales cycle times and reducing back office processing costs. In addition, Core180 becomes a strategic partner in Global Capacity's OneMarketplace initiative.

Global Capacity has built and maintains a unique database of market intelligence regarding global communications infrastructure and pricing that provides much needed market transparency to the highly fragmented global access network market. On top of this market intelligence, the company has built systems and tools that leverage this data to enable the efficient design, pricing, provisioning, management, optimization and billing of complex access networks globally. The ability to deliver automated execution against the entire telecom supply chain, informed by global market intelligence, enables Global Capacity to reduce the cost and improve the efficiency of customers' networks.

Core180 provides network integration and management solutions to government entities, large enterprises and carrier clients. Core180's Network-as-a-Service (NaaS) solutions enable customers to benefit from increased options to meet their last-mile and long haul capacity requirements.

Customized pricing applications enable companies like Core180 to combine Global Capacity's market intelligence and pricing algorithms with Core180's proprietary pricing data to create an automated capability to generate accurate market pricing. This enables Core180 to respond to customer requirements with an executable quote in a fraction of the time and at a fraction of the cost of generating those quotes manually.

"We are excited about the power and flexibility that Global Capacity's pricing tool will give Core180, further improving the already rapid response time we provide to our customers," said David Baule, CEO of Core180. "We also expect that the additional circuit options provided by the tool's carrier-partner database will help to facilitate lower telecom costs that we can then pass along to our customers."

Core180 has also become a strategic partner in Global Capacity's OneMarketplace initiative, a highly efficient access network that aggregates demand from multiple customers in various communities of interest and delivers robust, resilient network solutions at extremely competitive rates. Global Capacity leverages its unique information base of telecom data and proven engineering, provisioning, and network management expertise to deliver OneMarketplace, and Core180 expands the depth and breadth of the OneMarketplace network.

"This partnership enhances Core180's responsiveness to their clients, while also enabling Global Capacity to expand the OneMarketplace network," said Patrick Shutt, Global Capacity Chief Executive Officer. "Combining the strengths and assets of both companies in this manner creates improved revenue and margin opportunities for both companies, while providing customers robust solutions at more competitive rates."

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.

About Core180

Core180 is a telecom network integrator that provides Network-as-a-Service (NaaS) solutions to government agencies, large enterprises, carriers and systems integrators. The company utilizes its proprietary platform to design networks that are "purpose-built" for each client's individual needs.

Core180's NaaS solution enables customers to benefit from increased options that meet their network capacity requirements. Additional benefits of the NaaS model include improved network flexibility and visibility with reduced capital expense and operational efforts. Core180 maintains offices in Metro New York (Hoboken, N.J.) and in the Washington, DC region (Fairfax, Va.). For more information, please visit www.core180.com.

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

Source: PR Newswire

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