Paetec Holding Corp (PAET)

[sidesh0wb0b]

it has done well

[aries4747]

PAET (1.42):PAETEC Announces Nationwide Product Portfolio
Product Set Integrated in Less than One Year After McLeodUSA Acquisition

Last update: 3:00 p.m. EST Feb. 5, 2009
FAIRPORT, N.Y., Feb 05, 2009 (BUSINESS WIRE) -- PAETEC Holding Corp., which provides data, voice, and Internet services, announced today the launch of an integrated product portfolio available to business-class customers nationwide. The consolidation of the product portfolio was completed within one year of the McLeodUSA acquisition, which occurred on February 8, 2008.

"This aggressive integration plan was essential to ensure the highest benefit for our customers, while further driving efficiency for our back office," said E.J. Butler, chief operating officer. "We're now one of the few carriers able to offer a consistent product portfolio nationally."

The integrated product portfolio, which is available on a single invoice nationwide for all new customers, provides:
-- Reliable and scalable data, voice, and Internet communication solutions
-- Solutions for disaster preparedness, network redundancy, and application recovery
-- Security solutions to protect critical corporate files and applications, mitigate risks, and support regulatory compliance
-- Managed Services to address budgetary constraints and limited IT resources so customers can essentially outsource their communications solutions
-- Unique Financing solutions such as PAETEC's Equipment for Services program, allowing customers to reduce or even eliminate the capital expense of communications equipment as part of an overall network services contract

The company's broad product portfolio includes productivity-enhancing services such as MPLS VPN (Multi-Protocol Label Switching Virtual Private Network, to cost-effectively manage bandwidth and connect multiple locations), Hosted and Managed CPE Firewall with Unified Threat Management (to protect corporate data and networks from malicious attacks), Dynamic IP with SIP Trunking and Dynamic IP with Virtual Telephone Numbers (to converge data and voice communications on a single circuit to reduce expenses and enable new communications capabilities).
"Most of our competitors are regional in nature or don't have this breadth of personalized communication solutions," said John Chapman, senior vice president of marketing. "Our integrated product portfolio, combined with our national network footprint and unmatched service, has made PAETEC the premier alternative to incumbent local phone companies."

About PAETEC
Paetec is personalizing business communications for medium and large businesses, enterprise organizations, and institutions across the United States. We offer a comprehensive suite of IP, voice, data, and Internet services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.
SOURCE: PAETEC Holding Corp.

PAETEC
Media:
Chris Muller, 585-340-8218
[e-mail]
or
Investors:
Pete Connoy, 585-340-2649
[e-mail]


Copyright Business Wire 2009 End of Story

[kneehighstocks25]

i am moving to north carolina to work for paetech unfortunatly the stock blows right now

[sidesh0wb0b]

while thats somewhat true, in the 'real world' ebitda matters....whether you agree with the valuations or not

[dyna]

i agree they got hit too hard pps, but disagree on the ..itda part. Under that method, companies with zero debt would be valued the same as those with huge debt since interest is excluded. When no earnings can be made, use ebitda.

[sidesh0wb0b]

actually, as a business owner myself, EBITDA does matter. and PAET was hit hard from their bad earnings. harder than i believe they should have (pps wise)

[dyna]

he has done a great job with marketing and is doing good for the community. We just need increased share price that correlate to real earnings. This EBITDA valuation stuff has no use in the real world imo.

[sidesh0wb0b]

i am not invested in paetec at the moment. and yes, im very happy they employ as many people as they do. good for arunus building a new home. id say he deserves it for helping building a company of this size

[dyna]

we all have friends who work there. Your pretty happy with this investment? I'm not, sorry. But Arunus's new mansion being built is very impressive I must say.

[sidesh0wb0b]

hey there dipstick, this is the PAET board, not CLEC. there have been 5 posts before you made your ignorant comment. no pumping here, cant you read? lol

this is a locally based company, only reason im here is because i know friends who work for paetec. you want pumping, go visit a pinksheets board.

[dyna]

don't pump too much guys......CLEC was a huge loser...we are watching. have fun pumpers

[sidesh0wb0b]

im with you friend! its all good, glad you like it!

[The Night Stalker]

good pick my freind



im just like MaCain i also use the term 'my friends' often

[sidesh0wb0b]

UPDATE 1-Paetec units settle billing disputes with Qwest
Thu Oct 16, 2008 4:35pm EDT
(Recasts, adds details)

Oct 16 (Reuters) - Telecommunications company Paetec Holding Corp (PAET.O: Quote, Profile, Research, Stock Buzz) said two of its units agreed with Qwest Corp and Qwest Communications Corp to settle all claims related to billing disputes between the companies.

Qwest has agreed to make a payment and, under specified circumstances, provide commercial credits to the two units, McLeodUSA Inc and McLeodUSA Telecommunications Services Inc, Paetec said.

Paetec believes that the amount of the payments and potential credits are immaterial to its business.

Separately, Paetec said it obtained $50 million principal amount of revolving loans by a drawdown of the maximum amount available under its current revolving credit facility.

Paetec said it plans to use the funds of the revolving loans for capital expenditures, working capital and other general corporate purposes, including potential repurchases of stock under its program to buy back up to $30 million of common stock through August 2009.

Shares of Fairport, New York-based Paetec closed up almost 11 percent at $1.54 Thursday on Nasdaq. (Reporting by Sandhya Menon in Bangalore; Editing by Pratish Narayanan)

[sidesh0wb0b]

Form 8-K for PAETEC HOLDING CORP.

16-Oct-2008

Creation of a Direct Financial Obligation or an Obligation under an Off-Bala


Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 15, 2008, PAETEC Holding Corp. (the "Company") obtained $50 million principal amount of revolving loans by a drawdown of the maximum amount available under the Company's existing revolving credit facility. The revolving credit facility and loans outstanding from time to time under the facility are subject to the terms of the Credit Agreement, dated as of February 28, 2007, as amended (the "Credit Agreement"), among the Company, as Borrower, the lenders parties thereto, Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Syndication Agent, CIT Lending Services Corporation, as Documentation Agent, and Deutsche Bank Trust Company Americas, as Administrative Agent.

There are no scheduled principal payments under the revolving loans. Any outstanding revolving loans will be payable in full on the revolving loan maturity date of February 28, 2012.

The outstanding revolving loans bear interest, at the Company's option, at an annual rate equal to either a specified "base rate" plus a margin of 1.50% or the specified London interbank offered rate ("LIBOR") plus a margin of 2.50%. The margin applicable to LIBOR loans under the revolving credit facility is subject to specified reductions based on certain reductions in the Company's total leverage ratio under the Credit Agreement. Under the applicable covenant, the Company's ratio of consolidated debt to adjusted consolidated EBITDA (as defined for purposes of the Credit Agreement) for any measurement period is not permitted to be greater than 5.00:1.00.

The Company will use the proceeds of the revolving loans for capital expenditures, working capital and other general corporate purposes, including potential repurchases of common stock under the Company's previously announced program to repurchase up to $30 million of common stock through August 2009. The Company's board of directors authorized the revolving loans based on its consideration of, among other matters, the current adverse conditions in the credit markets and uncertainties concerning the timetable for a recovery of those markets. Before drawing under its revolving credit facility, the Company had cash and cash equivalents of approximately $71 million.

The Company is obligated as the borrower, and the Company's subsidiaries are obligated as guarantors, on the revolving loans. The payment of all outstanding principal, interest and other amounts outstanding from time to time under the revolving loans may be declared immediately due and payable upon the occurrence of an event of default. The Credit Agreement contains customary events of default, including an event of default upon a change of control of the Company. An event of default will occur under the Credit Agreement if the Company, or, in some circumstances, another loan party, fails to make payments when due, fails to comply with specific affirmative or negative covenants, makes a material misrepresentation, defaults on other indebtedness, fails to discharge judgments, loses a material license or governmental approval, becomes subject to specified claims under ERISA or environmental laws, or becomes subject to specified events of bankruptcy, insolvency, reorganization or similar events.



Item 7.01 Regulation FD Disclosure.

On October 16, 2008, the Company posted on its corporate web site a communication to the Company's customers. A copy of the communication is furnished as Exhibit 99.1 to this report and incorporated in this Item 7.01 by reference.



Item 8.01 Other Events.

As previously reported by the Company, McLeodUSA Incorporated and McLeodUSA Telecommunications Services, Inc. (collectively "McLeodUSA"), which are two subsidiaries of the Company, filed in March 2006 an action against Qwest Corporation and Qwest Communications Corporation (collectively "Qwest") in the U.S. District Court for the Northern District of Iowa seeking recovery of damages related to billing disputes between the parties. Qwest filed counterclaims for amounts it believed were owed to it by McLeodUSA and other items.

On October 10, 2008, McLeodUSA and Qwest entered into a Settlement Agreement and Mutual Release to settle all remaining claims in this proceeding with prejudice (the "Settlement Agreement"). Pursuant to the Settlement Agreement, which is effective as of August 1, 2008, Qwest agreed to make a payment and, under specified circumstances, provide commercial credits to McLeodUSA. The Company believes that the amount of the payments and potential credits are immaterial to its business. The Settlement Agreement also includes provisions related to prospective business arrangements between McLeodUSA and Qwest, which the Company does not expect will be material to its business or results of operations, and a customary release of each party and its affiliates by the other party. Under the agreement, Qwest also will release a letter of credit issued by McLeodUSA. Each party will bear its own costs, expenses and attorneys' fees in connection with this proceeding and its settlement.

Additional information regarding this proceeding is reported in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and its subsequently filed Quarterly Reports on Form 10-Q.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following document is herewith furnished as an exhibit to this report.

Exhibit
Number Description of Exhibit
99.1 Communication to Customers of PAETEC Holding Corp., dated October 16, 2008.

[aries4747]

PAET(6.95): World's Largest Telecom Expense Management Conference to Convene in San Francisco April 22-25
"PINNACLE Users Conference" Will Showcase Latest Developments in Total Service Lifecycle Management

FAIRPORT, N.Y., Apr 17, 2008 (BUSINESS WIRE) -- PAETEC Software Corp., a wholly owned subsidiary of PAETEC Holding Corp., today announced that the 14th Annual PINNACLE Users Conference, the world's largest exposition dedicated to Telecom Expense Management (TEM) best practices, will convene next week in San Francisco at the Westin St. Francis hotel.

PINNACLE Communications Management Suite is a fully integrated software application that allows large enterprise customers to achieve effective communications lifecycle management and to consolidate the management and delivery of all technology-related services onto a single platform. PINNACLE Users Conference will give attendees the chance to learn about the latest innovations in next-generation TEM and Service Lifecycle Management.

The conference will demonstrate recent PINNACLE enhancements and will explore best practices for managing the deployment and configuration of IT services, gathering real-time business intelligence to improve operational performance, streamlining workflow, and enforcing effective financial management for all service support and delivery activities.

"Customer attendance has grown every year, and more than 350 enterprise customers are expected to participate in 2008," said Larry Foster, Vice President of PAETEC Software Corp. "This year, we'll unveil PINNACLE's next-generation TEM capabilities. We'll also host more than 40 educational workshops featuring live demonstrations, training and discussions about next-generation TEM and total Service Lifecycle Management."
The event's strategic sponsors are Avaya Inc., Redsky Technologies, Inc., Mapcom Systems, Landing Technology Group and Asentria.

The event kicks off with a Customer Appreciation Event the evening of April 22. PAETEC has rented the entire Union Square for a "Streets of San Francisco" gala that will let attendees sample the delicacies of San Francisco's Chinatown, Fisherman's Wharf and Ghirardelli Square.
For more information, visit http://www.paetec.com/2008_puc/index.html.
About PAETEC
PAETEC is personalizing communications solutions for business customers across the United States. We offer a comprehensive suite of data, voice, and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.
SOURCE: PAETEC Software Corp.
PAETEC
Media:
Dan Smith, 469-341-3129
[e-mail]
or
Investors:
Tom Morabito, 585-340-5413
[e-mail]

Copyright Business Wire 2008