Cypress Communications Assists Former NorthPoint Customers - NorthPoint Communications Inc - Brief Article

ISP Business, April, 2001

Cypress Communications Inc., a provider of in-building broadband communications services, announced that it has signed service agreements with more than 25 of NorthPoint Communication' former business customers since the beginning of April.

"We are doing everything we can to help former North Point customers get back on line as quickly as possible. Because we own and operate our in-building fiber optic infrastructure, we can typically connect a new customer in a matter of days, unlike many service providers that can take up to a month to provision a new customer. This has been an enormous relief to many businesses whose NorthPoint services have recently been terminated," said Frank Blount, chairman and CEO of Cypress Communications.

In March, the US Bankruptcy Court approved AT&T's purchase of substantially all of NorthPoint's assets. AT&T chose not to acquire NorthPoint's wholesale business, and without enough funds to keep its network running, NorthPoint notified service providers of an "imminent " shutdown.

"NorthPoint's troubles clearly were not the result of a lack of demand for broadband services. Small-and medium-sized businesses continue to demand faster and better broadband communications services. The number of calls we continue to receive from customers of defunct service providers is evidence of this," added Blount.

Recently Cypress Communications announced a revised business plan that is designed to fully fund the company's ongoing business operations and eliminate the company's need to raise additional capital.