To: david james who wrote (2910 ) 8/30/1999 10:20:00 AM From: nosebush Read Replies (2) | Respond to
International FiberCom To Install Copper, Wire Infrastructure at Federal Express World Headquarters; Recent Contracts for Concepts Subsidiary Total $10 Million PHOENIX--(BUSINESS WIRE)--Aug. 30, 1999--International FiberCom Inc. (Nasdaq/NM:IFCI) Monday announced that its Nashville, Tenn.-based Concepts in Communications subsidiary received a $2 million purchase order from Memphis, Tenn.-based Federal Express (NYSE:FDX) to install a copper and fiber infrastructure at the new Federal Express World Headquarters facility in Memphis. The project consists of eight multi-story buildings throughout a campus environment and includes the placement of large pair count copper cables along with single- and multi-mode fiber backbones. This contract follows the successful completion of a similar project at the Federal Express Tech Center Campus in Collierville, Tenn. According to IFCI Chairman & Chief Executive Officer Joseph P. Kealy, this purchase order is in addition to more than $8 million in systems integration services contracts awarded to Concepts over the past few months with such major entities and companies as the State of Tennessee, Caterpillar Financial, Nike and Gambro Healthcare, bringing the recent award total to more than $10 million. Concepts in Communications' services include design, installation and maintenance of structured cable systems, network hardware and software and workstations and related peripherals. The wholly owned subsidiary is a full-services systems integrator offering LAN/WAN hardware, network operating systems, file servers and workstations. Kealy commented, "The purchase order from Federal Express, as well as those contracts with other major entities, demonstrates the progress we are making in our strategy to capitalize on our core competencies in each of our 10 strategically-located wholly owned subsidiaries and to leverage our resources and personnel in our 35 U.S. locations to expand our geographic presence in the telecom, information and cable TV markets. "This is a further confirmation of our positioning as a one-stop source for a broad range of engineering, development and maintenance services for fiber-optic, broadband networks, public telephone networks, local and wide area networks and specialized wireless applications," Kealy continued. "It is also an excellent example of our ability to win business in areas that were not previously open to us. We look forward to Concepts continuing to contribute to both the top and bottom line." International FiberCom is a leading provider of a wide range of engineering
