SAN ANTONIO, Texas, June 1 /PRNewswire-FirstCall/ -- Competitive Companies, Inc. (CCI) (BULLETIN BOARD: CCOP) , http://www.cci-us.com/ announced today the Company has signed, under its subsidiary operation, Innovation Capital Management, a commitment letter with Conxxus LLC to participate in a $37.4 Million Government Loan/Grant Program issued under the U.S. Department of Agriculture.
The Program represents funding under round two (2) of The Broadband Initiatives Program (BIP) for construction related to the delivery of broadband services covering six (6) thousand square miles located in east central Illinois to 113 rural communities.
William H. Gray, Chief Executive Officer for Competitive Companies, Inc. declares, "This is a major milestone achievement for the Company in that it is the first of many participants proposed under the Broadband Innovation Fund (the "Fund") developed by Innovation Capital Management, http://www.icm-llc.net/, a wholly owned subsidiary of CCI. We are very excited about the future prospects of the Fund and the number of qualified participants like Conxxus that are desirous of participating with CCI in this partnership relationship," says Gray.
About Competitive Companies, Inc.
Competitive Companies, Inc. is chartered as Nevada Corporation with its primary location in San Antonio, Texas. The Company originally provided Internet and television services to MDU facilities in Tier One and Tier Two communities but has re-engineered its business model to focus on providing financial services involving broadband services and products to serve the rural markets of the United States. The Company expects to grow exponentially throughout the next 36 months focused on its new business model.
About Conxxus LLC
Conxxus is a premier broadband Internet service provider in the State of Illinois utilizing fixed wireless and fiber optics as its primary technology to connect key community subscribers such as schools, medical facilities and local government to the World Wide Web. The $37.4 Million in BIP Funds will expand an existing network and provide broadband Internet access to 113 unserved and underserved rural communities located in east central Illinois. "We are very excited about the partnership with CCI and its unique business concept in securing the necessary credit enhancement for our government funding request with additional financial support uncovered by the Government Funding Programs," says Barry Goodwin, President of NOW Wireless, LLC and Sole Manager of Conxxus, LLC.
Forward-Looking Statements:
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
Competitive Companies, Inc.
CONTACT: Press /Analyst, Investor Relations, +1-210.233.8980,
ir@cci-us.com
Web Site: http://www.cci-us.com/
