Accelerates Deployment of Bundled Telephone Services to Small and Medium
Business Market in Seattle
STOCKTON, Calif., Sept. 6 /PRNewswire/ -- Pac-West Telecomm, Inc.
(Nasdaq: PACW), a rapidly growing provider of integrated telecommunications
services, today announced that it has acquired BTC, Corp, dba Baron
Telecommunications, Inc., located in Seattle, Washington. Baron, a
privately-held company, has a 20-year history of providing telecommunications
equipment and services to small and medium-sized businesses in Seattle and
surrounding areas. Terms of the agreement were not disclosed and the
transaction is not subject to approval by any governmental regulatory agency.
Jim Baron, president of Baron Telecommunications, who will join the
management team of Pac-West's Northwest business unit, said, "I am very
excited about what Pac-West Telecomm is bringing to the Seattle area. This is
a tremendous opportunity for our customers and employees." Baron's staff of
experienced telecommunications professionals will augment Pac-West's rapidly
growing team of sales, technical services and customer support personnel in
the Northwestern U.S. In addition, Baron will provide Pac-West with
experienced field technical personnel, and a base of 1,250 active business
customers.
"As we continue to target important markets in the western U.S., strategic
acquisitions, such as Baron, will enable us to accelerate the rate of entering
new markets and the overall growth of our business. The excellent reputation
Baron has for providing outstanding service to its customers compliments
Pac-West's commitment to building long-term customer relationships," said
Wally Griffin, Pac-West's president and CEO. "Baron's team of experienced
sales and field personnel will now be able to deliver our bundled voice and
data solutions to new and existing small and medium-sized business customers
in the rapidly growing Northwest market."
About Pac-West Telecomm, Inc.
Founded in 1980, Pac-West Telecomm, Inc. (Nasdaq: PACW) is a rapidly
growing provider of integrated telecommunications services throughout the
western U.S. Pac-West supplies Internet infrastructure and broadband services
to Internet service providers (ISPs) and integrated voice, data and Internet
services to small and medium-sized businesses. The company currently has
operations in California, Nevada, Washington and Colorado, and is rapidly
expanding its network into other western states. Pac-West is a Safeguard
Scientifics (NYSE: SFE) partner company. For more information, please visit
the company's web site at http://www.pacwest.com .
Forward-Looking Statements
The foregoing discussion contains forward-looking statements. The
Company's future performance is subject to numerous risks and uncertainties
that could cause actual results to deviate substantially from those discussed
in these forward-looking statements. Factors that could impact the
variability of future results include: successful execution of the Company's
expansion activities into new geographic markets on a timely and
cost-effective basis; the pace at which new competitors enter the company's
existing and planned markets; competitive responses of the Incumbent Local
Exchange Carriers; execution of interconnection agreements with Incumbent
Local Exchange Carriers on terms satisfactory to the Company; maintenance of
the Company's supply agreements for transmission facilities; continued
acceptance of the Company's services by new and existing customers; the
outcome of legal and regulatory proceedings regarding reciprocal compensation
for Internet-related calls and certain of the Company's product offerings; the
ability to attract and retain talented employees; and the Company's ability to
successfully access markets, install switching electronics, and obtain the use
of leased fiber transport facilities and any required governmental
authorizations, franchises and permits, all in a timely manner, at reasonable
costs and on satisfactory terms and conditions, as well as regulatory,
legislative and judicial developments that could cause actual results to
differ materially from the future results indicated, expressed or implied, in
such forward-looking statements. These and other factors are discussed in the
Company's Prospectus dated November 3, 1999, and in its Annual Report as of
December 31, 1999, on Form 10-K as filed with the SEC.
SOURCE Pac-West Telecomm, Inc.
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Related links:
http://www.pacwest.com
CONTACT:
Rick Bryson, Chief Financial Officer, of
Pac-West Telecomm, 209-926-3086, or e-mail, rbryson@pacwest.com;
or General, Lisa Horn Chainey, Investors, Jennifer McKenzie, or
Media, Dawn Swidorski, all of The Financial Relations Board,
415-986-1591
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