Governor Gilmore of Virginia Applauds PRIMUS Telecommunications for Winning Washington Technology Magazine's 'Fast 50 Award'
McLEAN, Va., Jan. 24 /PRNewswire/ -- PRIMUS Telecommunications Group, Incorporated (Nasdaq: PRTL), a facilities-based global telecommunications company offering a portfolio of bundled Internet, data and voice services, has been named the Washington, DC area's fastest growing technology company over the last five years by Washington Technology Magazine. PRIMUS's achievement in this annual survey of the 50 fastest growing technology companies in the greater Washington, DC area has been recognized by the Governor of Virginia as well.
This is an especially significant award because PRIMUS maintains its corporate headquarters in Northern Virginia, which has been repeatedly dubbed "the Internet capital of the world" where many of the leading global Internet companies reside. Governor James Gilmore of Virginia has issued a challenge to the entire technology world, and PRIMUS is among the companies rising to the call. "I want to challenge every member of Virginia and the nation's high-tech community to step forward and make the commitment to close the Digital Divide," said Governor Gilmore. "The Internet is too promising in too many ways for anyone to be left behind, and with new partnerships between business and government, we can work to ensure that all Americans as well as our global neighbors reap the fruits of this remarkable new medium. By the example PRIMUS and the other corporations have set, we are able to see just how successful global companies can be with their roots in the Commonwealth of Virginia."
"This is an exciting award for us because it recognizes PRIMUS's extraordinary growth rate during the last five years, particularly considering the other leading Internet and data companies with which we competed," said K. Paul Singh, PRIMUS's Chairman and Chief Executive Officer. "PRIMUS believes that by winning this award and working with the Commonwealth of Virginia, we are on the leading edge of partnering creatively with business, technology and government. We applaud Governor Gilmore and the Commonwealth of Virginia for being the first state to have a Secretary of Technology, which supports the cause to make the information superhighway a reality for everyone."
Washington Technology Magazine's Fast 50 Awards issue is available January 24, 2000.
PRIMUS Telecommunications Group, Incorporated (Nasdaq: PRTL) is a full-service, facilities-based global communications company offering a bundled portfolio of international and domestic voice, data, and Internet services. The Company provides services through an extensive global network of owned and leased transmission facilities, including ownership interests in 23 undersea fiber optic cable systems, 19 international gateway and domestic switches, a satellite earth station and a variety of operating relationships that allow the Company to deliver traffic worldwide. Founded in 1994 and based in McLean, VA, PRIMUS serves corporate, small- and medium-sized business, residential and telecommunication carrier customers located in North America, Europe and the Asia-Pacific region. Additional information on PRIMUS can be found on the Company's web site at www.primustel.com .
For PRIMUS Telecommunications Group, Incorporated: The statements in this release that are forward looking statements are based on current expectations and are not strictly historical statements, which may differ materially from actual results. Not strictly historical statements include, without limitation, those regarding management's plans, objectives, strategy, and timing for future operations, product plans and performance, management's assessment of market factors, and future financial performance. Among factors that could cause actual results to differ materially are changes in business conditions; changes in the telecommunications or Internet industry and the general economy; DSL, Internet and telecom competition; changes in service offerings; inability to lease space for mega-data centers at commercially reasonable rates; risks associated with PRIMUS's limited DSL, Internet and web-hosting experience and expertise, entry into developing markets, and managing rapid growth; and risks associated with international operations (including foreign currency translation risks), dependence on effective information systems, and development and performance of PRIMUS's global IP+ATM communications network. These factors are discussed more fully in PRIMUS's public filings, including its most recent 10K and 10Q filings and the prospectus dated November 9, 1999, filed with the Securities and Exchange Commission. |
