Competitive Companies Inc. (fka CCOP)

[Cassandra]

Pokey: That is a hilarious, massively embellished and misleading PR, which is probably why it was released on Accesswire (a cheapie Canadian PR service with few standards and limited feeds) instead of their usual PRNewswire.

"Tier One" Internet connection is a misnomer in the context used.

A "tier 1" network (ISP) like Level3 has access to the global Internet without paying any transit or settlement fees by "peering" with every other tier 1 network. The combined tier 1 networks are the backbone of the global Internet.

List of tier 1 networks: http://en.wikipedia.org/wiki/Tier_1_network#List_of_tier_1_networks

According to Wikipedia, a tier 2 network "peers" with some networks, but still purchases IP transit or pays settlements to reach at least some portion of the Internet. A tier 3 network solely purchases transit from other networks to reach the Internet.

All that PR says is that CCI has signed up to be a customer of Level3 to purchase Internet services that they can then resell to their own customers if they ever have them. CCI would be considered a tier 3 ISP. They aren't compelled to open any network facilities and likely won't. The PR is to manipulate the share price and volume.

Grey is using a misleading tactic of focusing the majority of the PR on Level3 to make something of little consequence sound like a major milestone. It reminds me of another scam company that sold eco-friendly cleaning products, a small quantity of which were purchased by a service that cleaned a Merrill Lynch office. The PR announcing the sale focused almost entirely on Merrill Lynch and even included the ticker. I believe ML got it retracted.

I recall another company issuing a PR focusing on American Express because their device could accept AXP payments. It also used the ticker in the PR. AXP insisted it be publicly retracted and it was

A lot of scam companies use this intentional ploy to mislead investors. It tells you that you are dealing with deceptive management. MDGC actually got Zayo, another tier 1 network, to put out a PR announcing a customer agreement, which caused the highest volume of trading in its history along with a SP increase. Nothing ever came of it. Bill Grey may have been hoping for a similar response on CCOP.

Wikipedia links:
http://en.wikipedia.org/wiki/Tier_1_network
http://en.wikipedia.org/wiki/Tier_2_network
http://en.wikipedia.org/wiki/Peering

Accesswire is the Canadian PR service. Anyone can sign up to issue PRs. You don't have to prove that you are authorized to submit PRs on behalf of a company. I have never seen a honest public company use it. http://www.accesswire.com/

http://www.accesswire.com/406698/CCI-Signs-Tier-One-Contract-with-Level-3-Communications