Recent Events. The Borrower recently attracted 35-year cable industry veteran ▇▇▇ ▇▇▇▇▇▇▇ as Chairman and Chief Executive Officer pending the closing of the Private Offering. In addition, the Borrower has attracted three designees for the board of directors and one nominee for Chief Financial Officer with significant experience in providing services to the communications industries (See Section 7 “Management” on page 8). The Borrower has recently completed a service agreement with Level 3 Communications, Inc. (“Level 3”) and a reseller agreement with C-COR (“C-COR,” currently being acquired by Arris Group Inc.). The Borrower believes that it has assembled the right industry relationships along with its VoIP product, to successfully serve the unmet needs of cable systems located in smaller geographic markets to offer VoIP phone service to their existing cable subscribers.
Appears in 3 contracts
Sources: Bridge Loan Agreement, Bridge Loan Agreement (Iptimize, Inc.), Bridge Loan Agreement (Iptimize, Inc.)