Global Capacity Launches 'GCPrice'
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Innovative Network Pricing Tool Streamlines Global Telecommunications Access
Quotations
LONDON and LISBON, Portugal, Oct. 22 /PRNewswire-FirstCall/ -- Global
Capacity, Inc. (parent: Capital Growth Systems, Inc. (OTC Bulletin Board:
CGSY)), the world's leading telecommunications information and logistics
company, today announced the launch of GCPrice, the global source for
automated tariff pricing information.
GCPrice provides customers with automated access to Global Capacity's
extensive database of global telecom location, supply and pricing data,
delivering the capability to generate accurate and up-to-date prices based on
telecommunications tariffs for Leased Line and Ethernet services. The
database contains over 5,000 discrete tariffs from 75 carriers in 67
countries. The database also contains over 10 million points of geographic
and telecommunications location data. Pricing information is obtained through
an online environment, enabling users to quickly and consistently develop
quotations, store results and create reports from a single, centralized
source.
One of the many new subscribers to GCPrice is Qatar Telecom Q.S.C. ("Qtel" or
"The Qtel Group"), the Doha, Qatar based and globally focused
telecommunications company. Henok Kidane, Global Capacity's Information
Officer for Middle East & Africa, noted "Qtel is growing towards a position as
one of the top twenty telecommunications companies in the world. We are very
pleased to be expanding our long-term relationship." Saira Altaf, Qtel's
Senior Commercial Coordinator - Data & Interconnect, commented "Considering
the phenomenal growth in data movement capacity requirements in the Persian
Gulf and this part of the world, pricing-based resources have not kept pace
and this is a much applauded step towards bridging that gap."
Through the application of GCPrice, telecommunications and integrator
customers reduce the CPQ (Cost per Quotation) of new or replacement circuits.
The resulting labor savings improve quotation response time and profitability.
GCPrice is the newest product in Global Capacity's portfolio of
out-of-the-box and customized SAAS (software as a service) applications.
"Having an accurate understanding of tariff rates is the foundation of access
pricing in the global market," said Nigel Meacham, Managing Director of
Information Systems for Global Capacity and co-founder of Magenta netLogic,
the UK-based software services group acquired in 2003 that is a key component
of the intellectual property global knowledge engine within Global Capacity
today. "GCPrice provides customers with a one-stop shop for accurate tariff
pricing in 67 countries, eliminating the need for multiple systems and manual
processes. We enhance the productivity of our clients' pricing teams and help
them win more business while automating and improving the accuracy and
efficiency of the quoting process."
About Global Capacity
Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom
information and logistics company providing a fully-integrated
telecommunications supply chain management system that streamlines and
accelerates the process of designing, pricing, building, optimizing, and
managing customized communications networks. It offers a comprehensive suite
of services to enterprises, systems integrators, and carrier customers
worldwide. Global Capacity is headquartered in Chicago, IL, with operational
centers in Waltham, MA and Manchester, England; and with offices in Houston,
TX; Glastonbury, CT; New York, NY; London, England; and Lisbon, Portugal. For
more information, please visit http://www.globalcapacity.com.
About Qatar Telecom
Qatar Telecom Q.S.C. ("Qtel" or "The Qtel Group" or "The Group") (Ticker:
QTEL.QA) operates from its home marketplace in Qatar and across its 17 country
footprint. The business objective of Qtel is "To be among the top 20
telecommunications companies in the world by the year 2020." At 30 September
2009 the Group's consolidated customer base stood at 53.4 million. Qtel also
delivers a strong social return for the people of Qatar through its campaign
-- "For Qatar, Hand in Hand" -- to include a wider number of education, social
welfare and healthcare initiatives. Its commitment in this area was recognised
when the company was named as the winner of the Corporate Social
Responsibility (CSR) award at the CEO Middle East Awards in September 2009.
For more information, please visit http://www.qtel.com.qa.
Forward-Looking Statements
Certain information discussed in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and Federal securities laws. Although the
Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions at the time made, it can give
no assurance that its expectations will be achieved. Readers are cautioned
not to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and
unanticipated risks, trends, and uncertainties such as: the Company's
inability to accurately forecast its operating results; uncertainty as to the
volume of business or level of profitability of network optimization
contracts; the Company's potential ability to achieve profitability or
generate positive cash flow; the availability of financing; the risks
associated with procuring a listing of its securities on one or more public
stock markets; and other risks associated with the Company's business. For
further information on factors which could impact the Company and its
subsidiaries and the statements contained herein, reference should be made to
the Company's filings with the Securities and Exchange Commission, including
annual reports on Form 10-K, quarterly reports on Form 10-Q, and current
reports on Form 8-K. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of subsequent
events.
SOURCE Global Capacity, Inc.
Customers, Partners: Jack Lodge (Waltham, MA), Chief Operating Officer,
+1-781-902-5196, jlodge@globalcapacity.com, or Henok Kidane (Lisbon, Portugal
& New York, NY), Information Officer for Middle East & Africa,
+1-646-479-4254, hkidane@globalcapacity.com, both of Global Capacity; or
Media, Analysts: Matt Rizzetta (New York, NY), Dukas Public Relations,
+1-212-704-7385, matt@dukaspr.com, for Global Capacity; or Investors: Jeff
Salzwedel (Portland, OR), Salzwedel Financial Communications, Inc.,
+1-503-722-7300, jeff@sfcinc.com, for Global Capacity
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