STOCKTON, Calif., Oct. 5 /PRNewswire/ -- Pac-West Telecomm, Inc.
(Nasdaq: PACW), a rapidly growing provider of integrated communications
services, today announced that it was added to the Stand & Poor's (S&P)
SmallCap 600 Index after the close of trading on October 4, 2000. The company
also confirmed it will report quarterly results on October 30, 2000.
The S&P SmallCap 600 is widely used as a benchmark for both active and
passive management of portfolios. Approximately $8 billion is indexed to the
S&P SmallCap 600, one of the six major U.S. indices offered by S&P. S&P
indices are used by investors, asset managers and financial institutions as
benchmarks to track the performance of publicly traded stocks.
"We are very pleased to be added to the S&P SmallCap 600 Index," said
Wally Griffin, Pac-West's President and CEO. "Our inclusion is recognition of
our sound fundamentals and our goal to build shareholder value."
Pac-West will be holding a conference call on Monday, October 30, 2000 at
2 p.m. PST, 5 p.m. EST, to discuss third quarter earnings. The call will also
be available through Vcall at http://www.vcall.com .
About Pac-West Telecomm, Inc.
Founded in 1980, Pac-West Telecomm, Inc. (Nasdaq: PACW) is a rapidly
growing provider of integrated communications 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 .
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP)
provides independent financial information, analytical services and credit
ratings to the world's financial markets. Among the company's many products
are the S&P Global 1200, the world's first global, equity, real time index;
the S&P 500, the premier U.S. portfolio index; and credit ratings on more than
220,000 securities and funds worldwide. With more than 5,000 employees
located in 21 countries, Standard & Poor's is an integral part of the global
financial infrastructure.
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 Telecom, Inc.
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Related links:
http://www.pacwest.com
CONTACT:
Reid Cox, Director, Investor Relations of
Pac-West Telecomm, 209-926-3417; or Dawn Swidorski of The
Financial Relations Board, 415-296-2272; or Carol Levine,
Communications Manager, Index Services of Standard & Poor's,
212-438-3534
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