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Tech Valley Communications presents...
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Tech Valley Communications Wins Prestigious TechConnex Technology Award
Company recognized as "Rising Star" by local software and technology sectors for economic successes despite industry trends.
Albany, NY-April 1, 2003 - Tech Valley Communications (TVC), the only locally owned, facilities-based telecommunications carrier in the Tech Valley region, was awarded today with the "Rising Star" award by TechConnex, a local organization representing the Capital Region's software and technology industries. The awards ceremony, which was attended by a capacity crowd at the Desmond Hotel & Conference Center, honors the achievements of local companies and individuals in the technology sector for the success they have experienced in growing their business in the Tech Valley region. The "Rising Star" award is given to specifically recognize a company for its outstanding growth and potential impact.
Since its modest beginnings as a sketch on a cocktail napkin, Tech Valley Communications has certainly come up in the world as a contender in the field of telecommunications. Despite the current economic climate and "shake out" in the telecommunications sector, TVC has been able to buck the industry trend and shepherd the business to its current successful level. According to CEO, Kevin O'Connor, the company has grown tremendously since it began selling services in May of 2000 and is already profitable. The company started out with four people and a little over $5 million from local angel investors in the community. Now there are approximately 50 employees on staff and annual sales total $10 million per year.
"We expect to do a lot better than that in 2003," said Kevin O'Connor. Adding, "We're looking to employ a lot of people and continue to be active in the community. We're intensely locally focused. We really believe in the technology boom that's hitting the area. We believe that our company will only be as successful at this region, and we're in it for the long haul."
About Tech Valley Communications (TVC)
Tech Valley Communications (TVC) is a Competitive Local Exchange Carrier (CLEC), formed in 1999. TVC is the only locally owned, facilities-based telecommunications provider headquartered in upstate New York's Tech Valley. TVC offers a full range of local and long distance voice services, data, and high-speed and dial-up Internet services at competitive prices.
TVC has experienced steady, organic growth and has expanded its local presence through the successful acquisition of GFC Communications in 2000 and its combination with Mid-Hudson Communications in August 2002. TVC now operates its own switching facilities and an extensive fiber network throughout the Tech Valley Region. Currently TVC employs approximately 60 people at its various locations in downtown Albany. Its employees, senior management, and Board of Directors are all residents of the Tech Valley Region, and are committed to providing the highest quality service and value to its customers.
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