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Global Capacity Awarded More Than $1.6 Million in New Customer Contracts
CHICAGO-(Business Wire)-January 31, 2008 - Global Capacity, Inc. (parent: Capital Growth Systems, Inc. (OTCBB: CGSY)), today announced it has won new customer contracts totaling more than $1.6 million with a combination of new and existing customers.
The new contracts encompass a combination of new customers, including a large telecommunications carrier and an international system integrator, as well as new contracts and contract renewals with current customers. The announcement underscores the ongoing rapid growth of Global Capacity and its telecom logistics business model, as well as highlights the tremendous value that the company unlocks for customers.
"These contracts show that an increasing number of companies across multiple market segments and geographies are turning to Global Capacity to help them optimize and manage their critical networks," said Patrick Shutt, CEO of Global Capacity. "Our unique approach to solving the common problem of network inefficiency is yielding positive results for our customers, and we are pleased that they continue to place their trust in us."
About Global Capacity
Global Capacity is the operating arm of Capital Growth Systems, Inc. (OTCBB: CGSY). The telecom logistics company provides a fully integrated supply chain management system that streamlines and accelerates the process of designing, building and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators and carrier customers worldwide. Global Capacity has operational centers in Waltham, MA; Manchester, England and Houston, TX; with offices in Chicago, IL; New York, NY; and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact 866.226.4244.
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 the 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; 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-KSB, quarterly reports on Form 10-QSB 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.
