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 April 16, 2002
(Date of earliest event reported) (April 15, 2002)
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)
Item 5. Other Events
On April 15, 2002, the Registrant issued the following press release:
CTC Communications Improves Bandwidth Flexibility for Businesses with Inverse
Multiplexing Solution
- -Company Uses IMA Solution to Serve Customers Bandwidth Requirements Between
2-10 Mbps-
Waltham, MA, April 15, 2002-CTC Communications Group (NASDAQ NM: CPTL)-
announced today that over 100 customer locations have been activated using
its Inverse Multiplexing over ATM, or IMA solution. CTC's IMA solution
provides businesses with bandwidth flexibility between 2-10Mbps. Previously
customers were required to purchase multiple T1 (1.544Mbps) connections,
typically from diverse carriers, or a T3 (44.736Mbps) connection to receive
the bandwidth required for their individual applications. The Company's IMA
solution allows CTC to design networks to customer's requirements at a
fraction of the network and hardware costs that they would incur with
carriers that do not have an IMA solution.
Russell Oliver Vice President of Network Operations stated, "CTC has designed
a solution that fits perfectly with our growing base of medium and larger
business accounts. The unique design of our packet-based PowerPathSM Network
allows us to create and quickly deliver new services such as the IMA solution
to address the needs of our sophisticated customer base."
Oliver continued, "Our IMA service gives customers `fractional T-3' type of
service that fills a major gap between most offerings of other broadband
providers. Rather than supply individual T1 paths to a site that then need to
be connected, managed and serviced, we supply our customers with a single path
of multi-megabit bandwidth aggregation. Through the bonding of multiple T-1
paths we can create a connection between 2-10Mbps to provide seamless services
of voice, data, video and Internet with the flexibility to grow high bandwidth
applications without requiring the customer to purchase additional hardware.
As a result of the design benefits of our IMA service, customers have improved
survivability in the event of a single T1 outage since customer traffic will
automatically shift the load of the traffic from the T1 in trouble to the
remaining T1's within the IMA group as the Company works to repair the
outage."
Steve Milton, President and C.O.O. commented, "This service has proven to be
of great benefit for our larger customers where our average IMA customer
utilizes over three T1's per connection, has data connectivity to at least
three outside branch facilities along with voice and Internet services. CTC
customers that include large law firms, medical institutions and colleges have
taken advantage of this service because of the ability to converge
applications, the flexibility for bandwidth growth as well as savings on
network and associated hardware expenses."
About CTC Communications
CTC is a rapidly growing "next generation" Integrated Communications Carrier
utilizing advanced technology and providing its customers with converged
voice, data, Internet and video services on a broadband, packet-based network,
called the PowerPathSM Network. The Company serves medium and larger business
customers from Virginia to Maine, which includes the most robust
telecommunications region in the world-the Washington D.C. to Boston corridor.
CTC's Cisco Powered IP+ATM packet network and its 450 member sales and service
teams, provide contiguous marketing and technology coverage throughout the
Northeast and Mid-Atlantic States. The Company, through its dedicated
commitment to exceptional customer service, has achieved an industry-leading
market share in the Northeast. CTC can be found on the worldwide web at
www.ctcnet.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 success of its IMA service,
customer acceptance of IMA service, survivability in case of outages and cost
savings for customers utilizing this service. Readers are, accordingly,
cautioned not to place undue reliance on these forward-looking statements.
Additional information about these risks and uncertainties is set forth in the
Company's most recent report on Forms 10-K and 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.
# # #
Finance Contact: John Pittenger
CTC Communications
781-466-1302 (t)
pitt@ctcnet.com (e)
www.ctcnet.com
Media Contact: Alan Russell
CTC Communications
781-466-8731 (t)
arussell@ctcnet.com (e)
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 on April 16, 2002.
CTC COMMUNICATIONS GROUP, INC.
By: /s/ John D. Pittenger
John D. Pittenger,
Executive Vice President, Finance and Administration