Executive Summary
First Communications, Inc. will be the holding company for the Group following completion of the acquisitions of First Communications, LLC and Xtension Services, Inc. First Communications is an independent telecommunications carrier providing a broad suite of telecommunications services to both residential and commercial customers. Xtension is an independent telecommunications reseller, focused on providing long-distance services to commercial customers. The Group is a voice and data telecommunications services provider, offering traditional and Internet Protocol (''IP'') based communication services and managed network services to both residential and commercial customers. The Group provides services in 49 of the 50 United States. The Group provides an array of voice and data solutions, including local and long-distance voice, dedicated Internet access, virtual private networking, managed network services, conference calling, high-capacity private line services and other integrated voice and data services. The Group also provides network transport services to other telecommunications services providers through the wholesale of certain of its network facilities. In addition, the Group has a fifty per cent. interest in FirstSpeed, a joint venture set up to develop parts of the Group's Broadband Over Powerline (\BPL\) offering which is a service providing broadband internet access using an electric utility's power network.
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