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Competitive Companies, Inc. signs $1,000,000 Vendor Bridge Loan with Triple Play Telecom Inc. to begin marketing its proprietary IPTV service directed to America’s rural heartland
RIVERSIDE, Calif., March 17, 2009 — Competitive Companies, Inc. (CCI) (CCOP) has signed a vendor financing agreement worth $1,000,000 for the acquisition and marketing of IPTV services to be made available to six of its California apartment properties and eventually to America’s rural heartland. This is a significant agreement allowing CCI to more effectively compete with other providers in this space while delivering improved technology and services says Ray Powers, President of CCI.
It is expected that test trials for the service will be available within 90 days which would include free testing of the technology prior to a service level commitment. The service will include more than 5,000 total HD channels with digital broadband Internet and low cost cell phone service available for every resident. CCI has committed to market ninety thousand IPTV services over the next 36 months representing more than $10,000,000 in revenues.
About Triple Play Telecom
Triple Play Telecom is a wholly owned subsidiary of GlobalCom which provides wholesale cell service through AT&T, T-Mobile and Verizon. Triple Play was newly formed to manage the investment of a group from Costa Rica who is funding at least one initiative for the deployment of IPTV in the U.S. and beyond. The company was formed based on a proprietary protocol essential to the management of a broad based IP network. The software was developed by the President of Triple Play. The definition of triple play service is a marketing term for the provisioning of high-speed Internet access and television, and a narrowband service, telephony, over a single broadband connection.
