Press Release
March 23, 2001
HOUSTON, TX -- CCC GlobalCom Corporation (OTCBB:CCGC) announced yesterday that the Corporation has entered into
a commitment for a $10,000,000 revolving enterprise loan facility with RFC Capital Corporation.
According to Mr. Z.A. Hakim, chairman and CEO of CCC GlobalCom Corporation, ``A wholly owned subsidiary of CCC
GlobalCom has entered into an agreement to have RFC Capital Corporation provide a revolving enterprise loan facility
with a maximum loan amount of $10,000,000. The term will be for a forty-eight month period. This achievement is
a significant stride in building a long-term financial partnership arrangement with RFC. It demonstrates the financial
community's confidence in the overall business strategy of the Corporation and in the Corporation's management
team and their respective abilities.'' The proceeds will be used to refinance certain assets to be acquired in
a related transaction and for general working capital. The facility may also be used for potential asset financing
in future contemplated acquisitions.
RFC Capital President Richard C. Rudek said, ``RFC specializes in the unique financing needs of high-growth companies,
which aptly describes CCC GlobalCom. We're pleased to deploy capital toward this venture and to assist the CCC
GlobalCom management team with their long-range growth plans.''
CCC GlobalCom Corporation is a telecommunications company headquartered in Houston. The Corporation is an integrated
communications provider offering a full range of communications services to commercial and residential customers,
while providing for a single point of contact through bundled billing services. The Corporation provides its services
as a Competitive Local Exchange Carrier (CLEC). The Corporation provides local, long distance, high speed data,
Internet, paging, cellular and other enhanced communications services in the southwest region of the United States
and plans to offer similar services to more than thirty (30) U.S. markets over the next 12 months. In addition,
the Corporation is finalizing certain agreements for additional telecommunications services in Latin America and
in Asia providing an integrated global telecommunications network. Please refer to our Web site at www.CCCGlobalCom.com
for more information on CCC GlobalCom
RFC Capital Corporation (www.rfccapital.com) is a specialized commercial
finance company serving the needs of high-growth companies in technology-driven industries. With a foundation of
serving the telecom and Internet marketplace, RFC's focus also includes other deregulating and converging industries
such as energy. Based in Columbus, Ohio, the company is an established source of working capital and mezzanine
funding serving a global marketplace.
RFC is a division of Textron Financial Corporation. Textron Financial is a diversified commercial finance company
with $7.6 billion in managed receivables and twenty-two years of record earnings. Its market-aligned businesses
provide lending and leasing to small and middle market companies, as well as financial services that include asset
management, syndications, portfolio servicing and insurance brokerage. Textron Financial also provides specialty
finance for the golf and timeshare industries. Additional information about the company is available at www.tfc.textron.com.
Textron Financial is a subsidiary of Textron Inc. (NYSE:TXT), an $11.6 billion, global, multi-industry company
with market-leading businesses in aircraft, automotive, industrial and finance. Textron has a workforce of over
68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's ``Global
Most Admired Companies.''
Statements in this release, which express a belief, expectation, or intention, as well as those, which are not
historical fact, are forward looking. They involve a number of risks and uncertainties, which may cause actual
results to differ materially from such forward-looking statements. These risks and uncertainties include factors
detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Contact:
CCC GlobalCom Corporation, Houston
Z.A. Hakim, 281/599-7878
zhakim@cccglobalcom.com
or
RFC Capital Corporation
Hillary T. Jeffers, 614/229-7979
hjeffers@rfccapital.com