CORG Cordia to Expand Into New Markets With Execution of Wholesale Services Agreement with McLeodUSA Inc., a subsidiary of PAETEC Holding Corp.
via COMTEX
March 27, 2008
Agreement will extend Cordia's market access by offering Bundled
Telecommunications Services in Michigan, Ohio, Illinois and Texas
WINTER GARDEN, Fla., Mar 27, 2008 (BUSINESS WIRE) --
Cordia Corporation (OTCBB: CORG), a global communications service provider of traditional CLEC and Voice over Internet Protocol ("VOIP") technologies, announced today that it will commence wireline service offerings in Michigan, Ohio, Illinois and Texas through an agreement with McLeodUSA Incorporated, a competitive communications carrier for businesses that was recently acquired by PAETEC Holding Corp. Cordia's anticipated services include value-driven bundled offerings of traditional local, long distance, toll-free calling and DSL services to customers in these states, representing a significant expansion of Cordia's geographic service area.
"We look forward to working with PAETEC and using the former McLeodUSA network footprint to serve consumers and small businesses in these large geographic areas," said Kevin Griffo, Cordia's President. "These new service areas will be able to receive both service and savings that our existing customers already enjoy. The customer response to our recent offering, an unlimited bundled plan for $29.95, has been strong, and we look forward to expanding the offering from our existing 17 states to these new markets. This new agreement not only expands our geographic footprint but also broadens our underlying service provider portfolio, which diminishes our reliance on traditional RBOCs."
Doug Derstine, President of PAETEC's Wholesale Markets stated, "We're very pleased to be working with Cordia as they expand their geographic presence, and both consumers and businesses should benefit from their market activity. PAETEC now owns and operates an extensive high-capacity fiber network, and our nationwide reach will extend to 82 of the top 100 US metropolitan areas in 2008. This means PAETEC can serve as an excellent alternative to incumbent local carriers at both the retail and wholesale levels."
About Cordia Corporation
Cordia Corporation, through its operating subsidiaries, Cordia Communications Corp., CordiaIP Corp., My Tel Co, Inc., Northstar Telecom, Inc., and Cordia International Corp. offers business, residential, and wholesale customers local and long distance telecommunications services in more than sixty (60) countries utilizing traditional wireline and Voice over Internet Protocol ("VoIP") technologies. In addition, Cordia develops and provides a suite of proprietary web-based billing software and outsourced services to local, long distance and VoIP telecommunications providers.
About PAETEC:
PAETEC (NASDAQ GS: PAET) personalizes communications solutions for business customers across the U.S. by offering 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.
Safe Harbor
This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.
SOURCE: Cordia Corporation
Cordia Corporation Kevin Griffo, 866-777-7777 kgriffo@cordiacorp.com
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