ORLANDO, Fla. Cordia Corporation (OTCBB:CORG) today announced a
one-year agreement that will enable the firm to bundle Covad Communications Group, Inc.’s (OTCBB:COVD) Digital Subscriber Line (DSL) broadband services with its local,
long distance and VoIP service packages. Cordia currently serves nearly 19,000 customers in New York, New Jersey and Pennsylvania and plans a nationwide rollout of its VoicePower VoIP service by the end of 2004.
VoicePower is Cordia’s newest communications product, allowing customers to use the Internet for placing and receiving phone calls. Through line splitting, Cordia leases the loop from local phone companies and bundles its local and long distance services with Covad’s DSL services. As a result, Cordia will now be able to offer Covad’s business class SDSL and full and fractional T1 services, both of which are available in a variety of speeds with flexible IP address options. Additionally, this new partnership allows Cordia to actively market Covad’s broadband services in conjunction with its upcoming nationwide rollout of its VoicePower VoIP service offerings. Cordia will rely on Covad’s nationwide DSL network and business class broadband services to transport critical VoIP traffic to its network operating centers from its business customers. «As Internet access has become increasingly essential to American businesses and households, we have experienced a rapidly growing demand from our customers,» said Patrick Freeman, president and CEO of Cordia. «Customers want a single company providing their information and telephone services. With the imminent nationwide rollout of our VoicePower VoIP service, we expect to see ever increasing demands for broadband Internet access services. With its nationwide footprint and expertise, we are excited to be partnering with Covad in the delivery of broadband and IP services to our customers.»
According to Chuck Gelso, reseller sales manager of Covad, the partnership is a win-win opportunity. «Covad’s agreement with Cordia is additional proof that we continue to strategically and effectively leverage our company’s national network,» said Chuck Gelso, «Through this agreement, Covad is able to continue to play an important role in meeting the demand for bundled telecommunications and integrated voice and data services.»
Cordia Corporation develops and provides industry specific applications, solutions and services. Cordia’s primary operations are currently concentrated in the telecommunications industry through its operating subsidiary, Cordia Communications Corp. In addition to retail and wholesale telecommunications services, Cordia also provides a suite of proprietary Web-based software and outsourced services it refers to as «UNE-P in a Box» that permit competitive local and long distance telecommunications providers to rapidly introduce local and long distance services.
This release contains forward-looking statements that involve risks and uncertainties. Cordia’s actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia’s ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.
