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McLeodUSA Selected by American Business Communication To Provide Local Voice Service And Long Distance Services To Regis Hair Salons
CEDAR RAPIDS, Iowa --(Business Wire)-- Sept. 15, 2004 -- McLeodUSA Incorporated (Nasdaq:MCLD):
-- Local and Long Distance Services Now Installed in 1,901 Locations
-- Long Distance Only Service Being Provided to Over 3,440 Locations
-- Enhanced 800 Services Operational in Nearly 6,000 Locations
McLeodUSA Incorporated (Nasdaq:MCLD), one of the nation's largest independent competitive telecommunications services providers, announced today that it has been selected by American Business Communication to add local service to the multi-service, multi-year agreement it signed in 2003 with Regis Hair Salons, one of the country's largest hair care retailers.
McLeodUSA is now providing local and long distance services to Regis salons across its 25-state footprint. ABC, which is one of the leading full-service telecommunications management firms in the U.S., serves as the telecommunications management consultant for Regis. ABC and McLeodUSA are jointly managing the current local service conversion effort.
"We are very excited that Regis Hair Salons and ABC have selected McLeodUSA to provide local voice services, in addition to the previously awarded long distance and enhanced 800 services for Regis retail stores in our 25-state service area," said Chris A. Davis, Chairman and CEO of McLeodUSA. "We have worked closely with ABC to understand the communications requirements for Regis and, as a result, we have been able to continue to offer high quality, low-cost solutions to effectively meet those needs. ABC is a key opinion leader in the telecom industry with a nationally renowned reputation for working effectively with carriers and companies. We look forward to continuing to provide ABC and Regis with an excellent customer experience."
To date, nearly 6,000 Regis locations are operational on McLeodUSA enhanced 800-service, over 3,440 locations have the benefit of McLeodUSA long distance service and now 1,901 locations have purchased the Company's bundled local and long distance package. The Company expects to continue to add service locations as Regis expands its business in the future.
"After reviewing proposals from multiple telecommunications services providers, McLeodUSA stood out as the best choice to support Regis' telecom needs in these markets," said Nita Singh, CEO and President of ABC. "McLeodUSA's customer focus, commitment to high quality service, and overall value proposition were the key criteria that lead us to recommend McLeodUSA to Regis."
"Communication services are critical for the success of our business and securing high quality, reliable service are key elements in our decision," said Joel Wiens, Vice President, Information Technology, Regis Hair Salons. "We entrusted ABC to select high quality service carriers to design a solution that meets our requirements while lowering our cost."
With Preferred Advantage products and services, McLeodUSA offers customized bundled solutions at very competitive rates, all on one simple bill with no hidden charges or fine print.
For more information on all McLeodUSA products and services, please contact a McLeodUSA Customer Care Representative at 1-800-593-1177 or visit the Company's website at www.mcleodusa.com
About McLeodUSA
McLeodUSA provides integrated communications services, including local services, in 25 Midwest, Southwest, Northwest and Rocky Mountain states. The Company is a facilities-based telecommunications provider with, as of June 30, 2004, 38 ATM switches, 39 voice switches, 696 collocations, 435 DSLAMs and 2,510 employees. As of April 16, 2002, Forstmann Little & Co. became a 58% shareholder in the Company.
Some of the statements in this press release include statements about our future expectations. Statements that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities Act. Such statements may include projections of financial and operational results and goals, including revenue, EBITDA, Adjusted EBITDA, profitability, savings and cash. In some cases, you can identify these so-called "forward-looking statements" by our use of words such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "project," "intend" or "potential" or the negative of those words and other comparable words. These forward-looking statements are subject to known as well as unknown risks and uncertainties that may cause actual results to differ materially from our expectations. Our expectations are based on various factors and assumptions and reflect only our predictions. Factors that could cause actual results to differ materially from the forward-looking statement include technological, regulatory, public policy or other developments in our industry, availability and adequacy of capital resources, current and future economic conditions, the existence of strategic alliances, our ability to generate cash, our ability to implement process and network improvements, our ability to attract and retain customers, our ability to migrate traffic to appropriate platforms and changes in the competitive climate in which we operate. These and other risks are described in more detail in our most recent Annual Report on Form 10-K filed with the SEC. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.
About American Business Communication
American Business Communication Inc., founded in 1990, is a telecommunications management company that identifies and delivers solutions through: Bill Auditing, Telemanagement Outsourcing, Local/Long Distance/Data Carrier Selection, Telecommunications Procurement, and Legal and Regulatory Services. ABC's portfolio of services provides an integrated approach that helps organizations manage every aspect of telecommunications, including increasing efficiencies, decreasing costs, and streamlining services.
To learn more about American Business Communication and its Affinity, visit www.ambuscom.com
About Regis Corporation
Regis Corporation, a Fortune 1000 company, is the largest owner, operator and franchisor of hair and retail product salons in the world. The company operates and franchises over 10,000 salons, utilizing key brands such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle in Wal-Mart and Cost Cutters. These salons are located in the United States, Canada, France, Italy, the United Kingdom, Spain, Germany, Belgium, Switzerland, Poland and Puerto Rico. Headquartered in Minneapolis, Minn., Regis Corporation has 53,000 employees worldwide. The company's common stock is traded on the NYSE under the symbol RGS. For more information about Regis Corporation, visit the company's website at www.regiscorp.com.
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