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PRTL broke the 50dma with news, anyone adding?
London, Ontario Businesses Benefit From New Primus Internet Data Centre
Information Technology Infrastructure Assures 100% Uptime Allowing Businesses to Concentrate on Core Competencies
LONDON, ON, Feb 27, 2008 (MARKET WIRE via COMTEX) -- Primus Telecommunications Canada Inc. (Primus Canada) today announced the opening of a new state-of-the-art Internet Data Centre (IDC) in London, Ontario. The new facility houses and manages mission critical computer server hardware and software assets and addresses a demand from local small- and medium-sized businesses (SMBs) for better IT support.
Small businesses with fewer than 100 employees and medium-sized firms that have between 100 and 500 employees make up 97.7 per cent of businesses in Canada. To address common challenges faced by SMBs, such as lack of resources to dedicate to IT staff and infrastructure, Primus' London IDC provides a cost-effective, secure, safe and reliable location to house IT infrastructure.
"Primus customers across the country have told us they want locally based solutions to their IT needs," said A.J. Byers, Senior Vice President, Primus Business Services. "This new IDC in London allows small- and medium-sized businesses across southwestern Ontario to become more productive and focus on their specialized business operations so they can in turn innovate more aggressively."
According to the London Economic Development Corporation (LEDC), Primus's new facility offers local and regional businesses options for a local IDC that serves London's growing technology and business sectors. By easing the significant up-front cost for technology investment and providing critical IT solutions, the alternative offered by Primus allows SMBs to focus on their core business functions.
"This new facility demonstrates Primus's commitment to the London market and is a very positive indication of the growth of the small- and medium-sized business sector in London," said Peter White, President and CEO, LEDC. "We look forward to working with Primus in its support of London businesses."
The first phase of the new 22,000 square foot Class-A data centre includes 3,500 square feet of raised floor area. Located in an unmarked location with a single secure entrance, the IDC offers protection for servers allowing for maximized up time during a power failure using redundant Uninterruptible Power Supply (UPS), and a backup diesel generator.
"Our global multimedia company offers a high degree of engineering in the multimedia products we offer," said Geoff Wagget, Vice President, Operations, for EK3, a global multimedia company based in London, Ontario. "Without proper network fail-safe infrastructure like what Primus is offering, we cannot deliver our solutions. Primus's superior value-added services such as higher security, redundant transmission links, environmental controls and power failure backup systems put us in a class above our competition to provide reliability in our solutions."
The facility offers industry leading managed services, fire suppression, enhanced power management and disaster recovery systems. A state-of-the-art cooling system with full redundancy ensures guaranteed climate control for high density servers available today and in the future.
About Primus Business Services
Primus Business Services is a leading provider of advanced voice communications, data centre infrastructure and managed information technology (IT) solutions to the small- and medium-sized business market. Its dedicated group of certified technicians, system administrators and network engineers deliver and support innovative solutions for over 45,000 businesses. As a division of Primus Canada, Primus Business Services leverages a national network for voice and data services, and a world-class telecom infrastructure. Primus Business Services operates Internet Data Centres in Vancouver, Ottawa, Toronto and London.
About PRIMUS Canada
Primus Telecommunications Canada Inc. is the largest alternative communications carrier in Canada. The Company offers facilities-based voice, data, e-commerce, Web hosting, VoIP and broadband Internet services utilizing ADSL2+ technology. Primus Canada's national network consists of nationwide switches with international connectivity through its parent company's global network, ATM and IP nodes, and colocation facilities at major cities across the country. Primus Canada is also one of Canada's largest MVNO's (Mobile Virtual Network Operator) offering Primus Wireless service. Primus Canada is a wholly-owned subsidiary of McLean, Virginia-based Primus Telecommunications Group, Incorporated (OTCBB: PRTL). Primus Canada news and information are available at the Company's Web site at www.primus.ca.
For more information, please contact:
Jeannie Tsang
Email Contact
Jeri Brown
Email Contact
Media Profile
416-504-8464
SOURCE: Primus Canada
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=C3A93CCA5E964476
http://www2.marketwire.com/mw/emailprcntct?id=59090F25AE5A4C4C
Copyright 2008 Market Wire, All rights reserved.
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SUBJECT CODE: Telecom:Cable and Satellite Services
Telecom:Networking
Telecom:Wireless
Telecom:Telecommunication Services
Telecom:Telecommunication Equipment
PRTL-Annotated Chart..........
Bought a few today to test the ask, hard fills - we'll see what tomorrow brings...
looking very good here today... love the bid support!;))
PRTL
looks like a great time to add imo...;)
right now imo...
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Primus Telecommunications Group Inc.
7901 Jones Branch Road
Suite 900
Mclean, VA 22102
United States - Map
Phone: 703-902-2800
Fax: 703-902-2877
Stock Information
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Stock Symbol: PRTL (Currently trading on the OTCBB & Pink Sheets Quote Systems)
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About Primus Telecommunications
| Like other industry leaders, Primus delivers high-quality solutions for more than 2.4 million consumers, including small & medium enterprises and multinational businesses. Unlike the rest, Primus takes advantage of global telecommunications deregulation. This allows Primus to bring you facilities-based networks and facilities-based datacenters for a sophisticated line of services to manage your complete E-Business and data communication needs. Primus has ownership interests in over 23 transoceanic fiber-optic cable systems in Europe, North and South America, and the Asia-Pacific region. Primus also holds Internet assets including:
Voice Services Primus offers a rich set of residential and business voice services:
E-Business Solutions Primus has E-Business solutions to address client's communications needs and ensure their ability to meet service and cost-control objectives. The Primus suite integrates global data and Internet services, which ride on Primus’ facilities-based assets. Products in the Primus suite share features from product to product including security, reliability, and availability, regardless of customer locale. Companies have access to the same Web-hosting features in the US and the UK as they do in Germany or Brazil. Additionally, Primus offers E-Business solutions to meet any bandwidth, security, and budget. The Primus suite also offers integrated billing with options for languages, currency, and media. Primus suite services include:
Primus presents proactive network monitoring up to and including CPE (Customer Premise Equipment) -- as long as it’s Primus-provided and -certified equipment. This allows Primus to offer industry-leading Service Level Agreements. |
One reason why should you care about this company??
Steve Cohen of SAC Capital just purchased close to 8 million shares of this stock at .91 (see the July 9, 2007 filing here: http://www.sec.gov/Archives/edgar/data/1006837/000089914007001276/p070907a.txt ) In case you don't know who Steve Cohen is, he is a legend among hedge fund traders. His fund, SAC Capital manages nearly 15 Billion in Assets. Read about SAC Capital here: http://en.wikipedia.org/wiki/SAC_Capital_Partners And read up on Steve Cohen here: http://en.wikipedia.org/wiki/Steven_A._Cohen
Read this taken from the last 10K filed by PRTL (it may give you a better idea of what is to come here:
Transformation Strategy in 2007
With the substantial progress made in 2006, we are now positioned to embark on a two-year ‘Transformation Strategy’ to strengthen significantly our balance sheet, resume top line revenue growth before the end of 2008, and re-list on NASDAQ. While this is an admittedly aggressive set of goals, given the successful execution on multiple operational and financial initiatives over the past year with constrained resources, we have confidence that these are reasonable goals.
Key elements of our two-year Transformation Strategy are as follows:
• Strengthen the balance sheet opportunistically through potential de-levering transactions and equity capital infusions.
• Significantly improve our non-sales and marketing cost structure through increased outsourcing and/or off-shoring at lower cost locations globally; improve coordination among PRIMUS business units to deliver synergy savings; and maintain an aggressive cost management program. Re-deploying the resultant savings back into sales and marketing activities with attractive payback parameters should, in turn, increase margins.
• Focus on improving sales productivity and margin enhancements by leveraging our network assets and increasing the revenue mix in favor of higher margin growth services.
• Opportunistically sell non-strategic assets and businesses and use the proceeds either to accelerate growth of high-margin businesses or to strengthen the balance sheet.
Our strategy for 2007 and beyond is unchanged—maintain a narrow focus, invest wisely and tightly control costs. While revenue may decline year over year, as we continue to prune low-margin, unprofitable revenue streams, our objective is to improve cash flows by 10% or more over 2006, recognizing seasonal fluctuations in quarterly performance. At that level of cash flows (which assumes stable currency exchange rates throughout 2007 and excludes any material expenses related to further restructuring) and with our current cash position and our completed 2007 debt transactions, we believe our 2007 business plan is fully funded.
SEC FILINGS
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001006837&owner=include&c....
NEWS
http://finance.yahoo.com/q?s=PRTL.OB
Share Structure
Shares Outstanding: 114.13M
Float: 96.57M
AI
