SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report November 29, 1999
(Date of earliest event reported) (November 29, 1999)
CTC COMMUNICATIONS GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-27505 04-3469590
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
220 Bear Hill Rd., Waltham, Massachusetts 02451
(Address of principal executive offices) (Zip Code)
(781) 466-8080
(Registrant's telephone number including area code)
(Former name or former address if changed since last
report)
<PAGE>
Item 5. Other Events
On November, 29, 1999, the Registrant issued the following press release:
"CTC Communications Introduces Comprehensive Unified Messaging Capabilities
for Growing Base of Customers On Its Integrated Communications Network,
IntelliNET"
WALTHAM, Mass.--(Nov. 29, 1999--
- - --CTC Selects Mirapoint's Platform to Simplify How Businesses Send and
Receive Information--
CTC Communications (NASDAQ:CPTL)--a rapidly expanding provider of state-of-
the-art integrated communications solutions for medium-to-larger enterprises
in the Northeast U.S.--today announced that it will soon deliver a
comprehensive suite of unified messaging services to business customers that
are 'live' on its Integrated Communications Network, IntelliNET(TM). CTC has
selected Mirapoint, Inc., a leading provider of Internet infrastructure
solutions, to serve as the base platform for CTC's new unified messaging
offering, which simplifies the way businesses send, receive and access
information.
In the first phase of implementation, scheduled over the next two months,
CTC's unified messaging solution will provide its customers with the ability
to send and retrieve voice mail, e-mail, pager and fax messages on a single
interface from their PC, laptop or a hand-held mobile device. CTC's Phase I
messaging product set will contain business-class e-mail services including
personal mailboxes, domain branding, directory services, IMAP4 managed
storage (a fully manageable platform) and security screening with built-in
virus protection.
CTC anticipates that additional functions will be bundled with its unified
messaging service during the year 2000 including, PSTN and wireless gateways,
calendars and scheduling capabilities, speech-to-text and text-to-speech
functions, as well as other next-generation telecom services.
Commenting on today's announcement, Robert J. Fabbricatore, CTC's Chairman
and CEO stated, "CTC recognizes that it is absolutely essential to deliver a
comprehensive portfolio of value-added communications solutions to ensure
that business customers have instant access to mission-critical information--
anytime and from anywhere. At the same time, these services must be
sophisticated enough to offer real value, but also simple enough to use
everyday. Mirapoint is the industry leader in unified messaging
infrastructures and by utilizing their base platform, CTC believes that it
will enable customers to operate more productively and competitively in their
respective market segments."
Mirapoint's Internet messaging appliances form the core platform for CTC's
unified messaging services to be offered over IntelliNET(TM)--the company's
newly launched integrated communications network comprised initially of 22
Cisco-powered hub locations, which provide broadband service in each of the
New England States, New York and New Jersey. Representing an investment to
date of over $50 million, the network is powered by a suite of Cisco
networking products, including IP, frame relay and ATM, and enabled through
Accelerated Network's Integrated Access Devices (IADs) installed at CTC
customer locations. CTC's IntelliNET(TM) delivers converged, value-added,
high-speed Internet, data, video and long distance voice services to its
expanding customer base. The company recently announced that it is on pace to
have 200 business customer locations "live" on the new network by year-end
and will shift into full commercial production at the start of Year 2000.
About CTC Communications
CTC is a rapidly growing, full-service Integrated Communications Provider
(ICP) delivering converged voice, data, Internet and video solutions to
medium and larger business customers in the most robust telecommunications
region in the world -- the Washington D.C. to Boston corridor. Recently
designated by Bloomberg Personal Finance Magazine as one of the top "one
hundred fastest growing U.S. technology companies," CTC currently serves more
than 11,000 customers with 226,000+ access lines. Central to the Company's
performance and future growth is its Cisco-powered IP+ATM Integrated
Communications Network (ICN), named IntelliNET(TM), which is "live," deployed
across 8 contiguous states and will shift into full commercial production at
the start of Year 2000.
CTC markets its full portfolio of services through its 330 member sales and
service representatives located in 28 branch offices throughout the New
England States, New York, New Jersey and Maryland. The Company, through its
dedicated commitment to exceptional customer service, has achieved an
industry-leading market share in the northeast and an industry-leading line
retention rate in excess of 99 percent. CTC can be found on the worldwide web
at www.ctcnet.com
About Mirapoint
Mirapoint is the industry leader in providing Internet infrastructure
solutions for business communications. Founded in 1997, Mirapoint pioneered
the development of purpose-built, application-specific servers known as
"messaging server and router appliances." Mirapoint's messaging solutions
provide global enterprises and service providers with industry-leading e-mail
security, performance and uptime. Mirapoint's solutions also form the ideal
platform for all Internet-based messaging applications such as integrated
fax, voice and wireless messaging. Based on patent-pending technology,
Mirapoint solutions are easy to deploy and provide substantial operating cost
savings. Privately held, Mirapoint is headquartered in Cupertino, Calif.
(www.mirapoint.com), with a sales presence in North America, Europe and
Asia/Pacific. For more information, contact Mirapoint at 800.937.8118 or
www.mirapoint.com.
The statements in this press release that relate to future plans, events or
performance are forward-looking statements that involve risk and
uncertainties that could cause actual results to differ materially from those
reflected in the forward-looking statements including the Company's ability
to provide a suite of unified messaging services utilizing a Mirapoint
technology platform, the bundling of additional services in the year 2000,
the customer benefits stated and shifting the ICN to full production in the
year 2000. Readers are, accordingly, cautioned not to place undue reliance on
these forward-looking statements, which speak only as to the date hereof.
Additional information about these risks and uncertainties is set forth in
the Company's most recent report on Form 10-Q. CTC undertakes no obligation
to release publicly the results of any revisions to these forward-looking
statements that may be made to reflect results, events or circumstances after
the date hereof.
<PAGE>
Contact: John Dinsmore Alan Russell
Feldman Communications Inc. CTC Communications
410-571-8900 (t) 781-522-8731 (t)
[email protected] (e) [email protected]
www.FeldmanCommunications.com www.ctcnet.com"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CTC COMMUNICATIONS GROUP, INC.
By: /s/ John D. Pittenger
John D. Pittenger,
Executive Vice President, Finance and Administration
Dated: November 29, 1999
