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US LEC Kicks Off 2006 With Over 26,000 Customers
21 January 2006 US LEC Corp. (Nasdaq: CLEC), a leading IP-based communications carrier serving businesses and enterprise organizations throughout the Eastern United States, today announced its customer base of medium- to large-sized businesses totaled 26,225 as of December 31, 2005.
"US LEC finished a solid 2005 with a double-digit percentage increase in our business customer base and begins 2006 with great traction for another strong year," said Aaron Cowell, president and CEO of US LEC. "Our ability to offer a compelling product line, including the latest in IP-based technology, and keep customers through best-in-class customer support is reflected in US LEC's consistent customer growth and high retention rate."
In 2005, the company expanded its product line with IP-based products and services. New IP-enabled products launched in 2005 include MPLS VPN, Ethernet, and enhancements to the Dynamic T(SM) VoIP product line that includes Dynamic T SIP, Voice Mail and Mobility Pak, BIGVoice(SM) and BIGData(SM) solutions.
"Customer requirements for secure and scalable communications are more sophisticated than ever before," Cowell added. "We continue to expand our IP- based product portfolio to meet our customers' demands for flexible, cost- effective and feature-rich solutions, including those that allow for migration to next-generation technologies and equipment."
US LEC also added several key markets to its footprint in 2005 including southern Indiana; Baton Rouge, La.; northern New Jersey including Newark; While Plains and Westchester County, N.Y.; Greenville, S.C.; and Blacksburg, Roanoke and Lynchburg, Va. US LEC now serves 120 markets across 16 Eastern states and the District of Columbia.
US LEC began 2005 with 22,324 customers and ended with 26,225, a 17% increase year over year. From 2000 to 2005, US LEC grew its customer base exponentially, adding more than 22,000 medium- to large-sized business customers.
2006 marks the company's tenth year in business. US LEC was started in Charlotte, N.C. soon after the Telecommunications Act of 1996 was passed.
ABOUT US LEC
Based in Charlotte, N.C., US LEC is a leading IP-based communications carrier providing integrated solutions to medium and large businesses and enterprise organizations throughout 16 Eastern states and the District of Columbia. US LEC offers advanced, IP-based data and voice services such as MPLS VPN and Ethernet as well as comprehensive Dynamic TSM VoIP-enabled services and features. The company also offers traditional local and long distance services and traditional data services such as frame relay, Multi- Link Frame Relay and ATM. US LEC provides a broad array of complementary services, including conferencing, data backup and recovery, data center services and Web hosting, as well as managed firewall and router services for advanced data networking. US LEC also offers selected voice services in 26 additional states and provides enhanced data services, selected Internet services and MegaPOP(R) (local dial-up Internet access for ISPs) nationwide. For more information about US LEC, visit http://www.uslec.com.
Except for the historical information contained herein, this report contains forward-looking statements, subject to uncertainties and risks, including the demand for US LEC's services, the ability of the Company to introduce additional products, the ability of the Company to successfully attract and retain personnel, competition in existing and potential additional markets, uncertainties regarding its dealings with ILECs and other telecommunications carriers and facilities providers, regulatory uncertainties, the possibility of adverse decisions related to access charges owing to the Company, as well as the Company's ability to begin operations in additional markets. These and other applicable risks are summarized in the "Caution Regarding Forward-Looking Statements" and "Risk Factors" sections and elsewhere in the Company's Annual Report on Form 10-K for the period ended December 31, 2004, and in subsequent reports, which are on file with the Securities and Exchange Commission. Unless identified otherwise, all customer statistics and information, other than customer revenue, refer only to "business class" customers. "Business class" excludes customers only purchasing dial-up Internet access, shared hosting and/or VoiceEclipse.
US LEC is a registered service mark of US LEC Corp. US LEC and Design (R) is a registered service mark and trademark of US LEC Corp. StarNet(TM), Fastnet (SM) and MegaPOP(R) are service marks of US LEC Corp.
Contact: Media, Marisa Puthoff of Edelman Public Relations, +1-404-262-3000, or marisa.puthoff@edelman.com; or Brian Crenshaw, APR of US LEC, +1-704-319-1942, or bcrenshaw@uslec.com, or Investors, James Stawski of US LEC, +1-704-319-1189, or jstawski@uslec.com
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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