CoreComm Signs Vault9 to Exclusive Dedicated Internet Access Agreement; Synergistic Relationship Established
BALA CYNWYD, Pa., Apr 30, 2002 (BUSINESS WIRE) -- CoreComm (Nasdaq: COMM), a
leading integrated communications provider with approximately 400,000 customers,
has signed a five-year agreement to provide dedicated Internet access to Vault9,
a Managed Service Provider in the Greater Toledo, Ohio market.
CoreComm will be providing Vault9 with additional bandwidth and network
redundancy in Vault9's new 26,000 square-foot Network Operations Center in
Toledo.
In addition to providing dedicated Internet access over a DS3 and two T1s,
CoreComm will also be leasing space in Vault9's new Technology Building in
downtown Toledo, to be used as a sales office.
"CoreComm is very supportive of small business, and we've joined forces with
them in the Toledo area because they understand our business and deliver great
service," explains Brandon Cohn, Chief Executive Officer for Vault9.
"The relationship we have developed with Vault9 as a result of this agreement
creates significant synergies from an information technology standpoint for both
companies over the next few years of this agreement," states Dave Schroeder,
Senior Vice President of Business Markets for CoreComm. "More importantly,
through this alliance between CoreComm and Vault9, businesses in Northwest Ohio
and Southeast Michigan will derive long-term benefits through the use of high
speed Internet access bandwidth combined with the ASP/ASM environment created
through Vault9's information technology platform."
Vault9 serves Northwest Ohio and Southeast Michigan area businesses by providing
custom e-business software development, full service off-site e-business
management of hardware and software, and ASP management.
About CoreComm/ATX
CoreComm/ATX is a leading facilities-based integrated communications provider
delivering innovative voice, Internet, data, e-business, and wireless solutions.
CoreComm and ATX joined forces in September 2000, bringing a 16-year track
record of success to approximately 400,000 consumers and businesses throughout
the Mid-Atlantic and Midwest regions. CoreComm/ATX leverages its proven model of
consultative services, consolidated broadband offerings, and personalized
account management to provide reliable products and a competitive advantage for
its customers. For more information on CoreComm/ATX, please visit www.core.com
or www.atx.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: In addition to the historical information presented, this release also
includes certain forward-looking statements concerning the future development of
the business. Such statements represent the Company's reasonable judgment on the
future and are based on assumptions and factors that could cause actual results
to differ materially. The Company assumes no obligation to update these
forward-looking statements to reflect actual results, changes in assumptions or
changes in factors affecting such statements.
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