SOURCE: Rapid Link, Inc.

October 21, 2008 09:30 ET

Rapid Link Reaches Growth Goals Ahead of Schedule

Significant Growth and Network Coverage in Atlanta and Dallas Metro Areas

OMAHA, NE--(Marketwire - October 21, 2008) - Rapid Link, Incorporated (OTCBB: RPID), a leading provider of WiMax and Communication Services, announced today that it has recently surpassed 4,000 Billing T-1 Equivalents in its primary market regions of Dallas, Texas and Atlanta, Georgia. Rapid Link defines a T-1 Equivalent as either a T-1 or another increment of bandwidth of approximately 1.54 megabits per second.

"With our current count of over 4,000 installed and billing T-1 Equivalents to date, we are on track to exceed our installation goals for the fiscal year. Our growth in these key markets clearly validates our integrated voice and data model in the commercial sectors that we have established so far. Sales and customer referral programs have been so successful that we have reached our target goals ahead of projections," commented Chris Canfield, CEO of Rapid Link.

About Rapid Link

Rapid Link, Incorporated (www.rapidlink.com) is a Diversified Communication Services company, supplying bundled internet and voice services to Business and Residential customers. Rapid Link offers broadband access via its own facilities to ensure fast and reliable delivery of its content. As a leading licensed WiMAX carrier, Rapid Link is on the cutting edge of this exciting new technology. We are one of the only carriers that can offer an end-to-end solution for our customers without a dependency on any other company's resources.

For more information, visit www.rapidlink.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, risks and uncertainties such as the failure to satisfy contractually agreed upon closing conditions that may delay or prevent the closings of subsequent debt financings contemplated by the applicable agreements; the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the trading price of the Company's common stock reaching levels that would cause funding to occur; the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.

Contact Information

  • For more information:
    Rapid Link, Incorporated
    Investor Relations
    402-392-7561