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First Communications, Inc. Announces Audited Results for the Year Ended December 31, 2009
Date:5/8/2010

our unique fiber routes throughout the Midwest and Northeast.

A primary goal of 2009 was reducing the financial leverage of the business and providing adequate liquidity for our fiber expansion. That was accomplished through the contribution of our tower business, discussed in the footnotes to our audited financial statements, along with the expansion of EBITDA.

2009 operating highlights include the following:

 
  • Added 968 new route miles to our expansive fiber network and completed the low latency core network from Chicago to New York;
  • Core growth revenue as a percentage of total revenue (excluding wholesale revenues) grew from 50% in Q1 to 61.8% in Q4 of 2009; and
  • Added Lyle Patrick as our CFO and key personnel to bolster our finance department.

With the above results setting a stage for further cash flow momentum in 2010, we plan to continue to execute on our plan of growing core revenues in our key Midwest markets while deploying discretionary capital into our fiber network as it becomes a more substantial contributing segment of our Company.”

About First Communications
First Communications is a leading integrated telecommunications carrier based in the Midwestern United States. Founded in 1998, First Communications has built a highly reliable fiber-based infrastructure which it uses to provide small and medium business, enterprise, and carrier customers superior voice, internet, and transport services. First Communications’ mission is to provide secure and reliable next-generation services that support the critical communications needs of its comme
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