Virginia Telecom company named winner of FundingPost's Second Annual Pitching
Across America(TM), the largest Venture Capital competition ever
NEW YORK and HERNDON, Va., Nov. 8 /PRNewswire/ -- CFN Services, Inc. a
Virginia based telecommunications infrastructure services company, has been
named the National Winner of the FundingPost (http://www.FundingPost.com)
second annual Pitching Across America(TM) competition. CFN Services
specializes in helping wireless and wireline carriers improve the price-
performance of their products and services through transport network
optimization.
FundingPost (http://www.FundingPost.com), a company that has been
introducing entrepreneurs to investors for almost 5 years, established the
Pitching Across America competition in which 100 Venture Capital Funds and
Angel Investors served as judges voting on 300 business summaries from
emerging companies nationwide. The largest Venture Capital competition ever
organized, this year's Pitching Across America was sponsored by WolfBlock and
PRNewswire. Emerging companies were evaluated on a scale of 1 to 10 and
judging criteria consisted of several key points including: the
professionalism of the written summary, current stage of development
(customers, revenue), competitive advantage and need in the marketplace,
feasibility for success, and whether the company is "VentureWorthy(TM)."
"We are excited about our selection as the National Winner of
FundingPost's Pitching Across America competition. Winning this honor is
important to us on so many levels," said Mark Casey, President, CFN Services,
Inc. "First and foremost, it provides direct exposure to the venture and
angel investor community -- obviously being in front of investors is critical
to any company during its development stages. Second, winning this
competition provides further validation for our business model and plans.
When astute business minds evaluate your company and select you as number one
from among many participants, it certainly adds a level of instant credibility
to your venture." Russell Logan, Vice President at CFN Services and
responsible for the company's marketing added, "Finally, this really puts us
on the map by giving tremendous visibility with potential customers. Our
marketing and sales efforts just got a little bit easier!"
"CFN Services, Inc. is an excellent example of an early-stage company with
all 'the right stuff' it takes to secure early-stage financing in this
competitive market. Our judges were impressed with the high level of
professionalism, the quality management and the strength of product and market
in which CFN Services, Inc. operates," said Joe Rubin, Director, FundingPost.
"We are excited to partner with them on this win and foster them as they
grow."
Pitching Across America National Winner: CFN Services, Inc., Virginia
On August 26, 2005 CFN Services announced it completed the acquisition of
certain assets and operations of CSX Fiber Networks, previously a division of
Jacksonville-based railroad operator CSX Corporation. As CFN Services, the
company continues its focus on network infrastructure, providing a range of
services including network planning and integration, as well as local access
transport and mobile backhaul optimization to several segments of the
communications industry. The company's customer base has expanded from its
traditional wire line base to include mobile carriers, broadband fixed
wireless and managed data services providers.
One of CFN Services' key assets is FiberSource(R), the industry's best and
most comprehensive telecom infrastructure knowledge-base. FiberSource(R) is a
proprietary nationwide repository of deployed fiber and facilities
incorporating CFN Services' relationships with more than 100 fiber asset
owners covering 200,000 route miles of fiber, 550 metro networks, 100,000
tower sites, and 15,000 on-net buildings across 120 markets. The tool set was
created to enable rapid identification and access to available network
resources for optimization and delivery of fiber based M/WAN networks.
"Utilizing FiberSource(R) we can help our clients rapidly plan, design,
and implement custom fiber and fixed wireless networks," said Rob Russin,
CFN's VP of Network Planning. "Over the past several years we've used
FiberSource(R) internally to optimize, design, and deliver networks for some
of the largest carriers including Verizon, AT&T, MCI, and Sprint/Nextel among
others. This tool, available on a standalone basis, is also now being used by
our customers for pre-sales and implementation support, to design and deploy
custom managed multi-channel, multi-protocol optical networks."
Pitching Across America Premiere Sponsor: WolfBlock
For more than 100 years, WolfBlock has helped entrepreneurial companies to
flourish. Some of our largest clients today were once among our smallest
clients. We have developed a proficiency in assisting companies from
conception through the venture capital stage and into a public offering or
exit sale. Our 300 lawyers have in-depth experience in a broad range of
industries and practice areas. With seven offices in the Mid-Atlantic region
covering the geographic corridor from New York City to Washington, D.C., our
smaller clients benefit from an unusual combination: the sophisticated
resources of a leading law firm coupled with a culture of servicing the unique
needs of rising entrepreneurial companies. For more information,
http://www.wolfblock.com or contact David Gitlin, Partner,
Corporate/Securities Chair, WolfBlock at (215) 977-2284 or e-mail
dgitlin@wolfblock.com.
Pitching Across America Sponsor: PR Newswire
PR Newswire, the world's largest distributor of news releases, has over
40,000 members worldwide -- many of which are small businesses, entrepreneurs
and start-ups. Our members benefit because their news releases are accessible
in the locations where the media goes to get raw material for their stories.
For additional information, http://www.prnewswire.com/ or please contact 888-
776-0942 or e-mail information@prnewswire.com.
About FundingPost
For over four years FundingPost has worked with thousands of Angel and
Venture Capital Investors and Entrepreneurs. With over 5,000 CEOs and 600
Venture Funds attending events in 15 cities nationwide; a quarterly Dealflow
magazine; and a deal-exchange website that has, on average, seen an
introduction of an Investor to an Entrepreneur every business day since its
inception; FundingPost believes that it is important to reach investors in
every medium possible -- both online and offline, and is experiencing strong
growth as the venture capital markets continue to improve worldwide.
Note to editors: For additional information regarding the Pitching Across
America competition, its winners or the its judges, please contact Aren Cohen
at FundingPost who will facilitate any one-on-one interviews with FundingPost,
the winning companies or the Venture Capital / Angel investors.
SOURCE FundingPost
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Related links:
http://www.fundingpost.com
CONTACT:
Aren Cohen of FundingPost.com,
+1-800-461-5509, press@fundingpost.com
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