Accelerates Deployment of Integrated Communications Services
To Utah Small and Medium Business Market
STOCKTON, Calif., Oct. 19 /PRNewswire/ -- Pac-West Telecomm, Inc.
(Nasdaq: PACW), a rapidly growing provider of integrated communications
services, today announced that it has signed a definitive agreement to acquire
Communications Specialists, Inc. (CSI), a privately held telecommunications
company located in Salt Lake City, Utah. The acquisition will take affect
November 1, 2000. Terms of the agreement were not disclosed and the
transaction is not subject to approval by any governmental regulatory agency.
CSI has a 20-year history of providing telecommunications equipment and
services to small and medium-sized businesses in Salt Lake City and the
surrounding areas. Acquiring CSI's business customer base, distribution
channels, and experienced technical staff enables Pac-West to rapidly enter
Utah's small and medium business market, building on, and offering expanding
products and services to CSI's approximately 800 active business customers.
"The acquisition of CSI is consistent with our continued strategy of
accelerating our entry into new markets through regional acquisitions," said
Wally Griffin, Pac-West's president and CEO. "CSI's reputation for providing
outstanding service, and its team of experienced sales and field personnel
will enable us to rapidly deploy our bundled communications services in Salt
Lake City and surrounding markets."
Chuck Steffen, president of Communications Specialists, said, "We are
extremely excited about joining forces with Pac-West and the ability to offer
business customers in the Salt Lake market a complete, integrated solution for
their voice, data and Internet needs." Mr. Steffen will join the management
team of Pac-West's central business unit.
About Pac-West Telecomm
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 .
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:
Reid Cox, Director of Investor Relations of
Pac-West Telecomm, 209-926-3417, rcox@pacwest.com; or general,
Lisa Chainey, or media, Dawn Swidorski, both of The Financial
Relations Board, 415-986-1591
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