MISSISSAUGA, Ontario--(BUSINESS WIRE)--Oct. 22, 1999--
TELEFFICIENCY HOLDING CORPORATION (TTFC.NASD.OTC.BB), today announced
that the company plans to offer Competitive Local Exchange Carrier
(C.L.E.C.) services to its approximately ten thousand Southern
Ontario customers by the new millennium. C.L.E.C. services include
business telephone lines, long distance service and internet access.
To lead the charge into C.L.E.C. services the company has hired
Jean-Marie Baudot who has the experience to both develop and manage
our new C.L.E.C. services group. This new offering brings
Telefficiency to the next level of providing total communication
solutions to new and existing customers.
Baudot will set up and manage the offering of C.L.E.C. services
to over ten thousand existing customers with approximately seventy
thousand telephone lines and will orchestrate a sales and marketing
plan to offer these services to new customers as well. The initial
start date is targeted for January 3, year 2000.
Baudot, 45, formerly with Optel Communications of Toronto, was
responsible for the start up of operations in Montreal, Quebec. Baudot
developed all sales and marketing plans for the Quebec marketplace,
and was successful in converting over ten thousand customer telephone
lines in the first year of operation.
"Telefficiency is an excellent example of how rapidly the
communications industry is evolving, with its forward-looking thinking
it is transforming itself from a sales and service provider of
hardware to providing total communication solutions. With our existing
base of over ten thousand customers and approximately seventy thousand
telephone lines this will dramatically accelerate our expansion into
the C.L.E.C. service environment," said Baudot.
Telefficiency is a leading North American telecom company that
sells, installs and services business telecommunications systems
primarily to the small to medium-sized business market. The Company's
mission is to become the leader in the North American interconnect
market by providing total communication solutions via state of the art
systems, software and network services.
This release contains "forward-looking statements" within the
meaning of Section 21E of the Securities and Exchange Act of 1934, as
amended. Although the Company believes that the expectations reflected
in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to have been correct.
Important facts that may cause actual results to differ (the
"Cautionary Statements") include but are not necessarily limited to,
political and economic stability of the countries in which the Company
intends to operate, the availability of commercially viable projects
in which the Company may participate, or the Company's ability to
obtain adequate financing. All subsequent written and oral forward
looking statements attributed to the Company or persons acting on its
behalf regarding the subject matter hereof are expressly qualified in
their entirety by the Cautionary Statements. |
