Release date: 2005-11-09
 

Venture Capital Funds & Angel Investors Vote CFN Services, Inc. Top Emerging Company
 

(PRZOOM - Press & Newswire) —  New York City, NY, United States, 2005-11-09 - Virginia Telecom company named winner of FundingPost’s Second Annual Pitching Across America™, the largest Venture Capital competition ever

   
 

CFN Services, Inc. a Virginia based telecommunications infrastructure services company, has been named the National Winner of the FundingPost second annual Pitching Across America™ competition. CFN Services specializes in helping wireless and wireline carriers improve the price-performance of their products and services through transport network optimization.

FundingPost, a company that has been introducing entrepreneurs to investors for almost 5 years, established the Pitching Across America competition in which 100 Venture Capital Funds and Angel Investors served as judges voting on 300 business summaries from emerging companies nationwide. The largest Venture Capital competition ever organized, this year’s Pitching Across America was sponsored by WolfBlock and PRNewswire. Emerging companies were evaluated on a scale of 1 to 10 and judging criteria consisted of several key points including: the professionalism of the written summary, current stage of development (customers, revenue), competitive advantage and need in the marketplace, feasibility for success, and whether the company is “VentureWorthy™.”

“We are excited about our selection as the National Winner of FundingPost’s Pitching Across America competition. Winning this honor is important to us on so many levels,” said Mark Casey, President, CFN Services, Inc., “First and foremost, it provides direct exposure to the venture and angel investor community – obviously being in front of investors is critical to any company during its development stages. Second, winning this competition provides further validation for our business model and plans. When astute business minds evaluate your company and select you as number one from among many participants, it certainly adds a level of instant credibility to your venture.” Russell Logan, Vice President at CFN Services and responsible for the company’s marketing added, “Finally, this really puts us on the map by giving tremendous visibility with potential customers. Our marketing and sales efforts just got a little bit easier!”

“CFN Services, Inc. is an excellent example of an early-stage company with all ‘the right stuff’ it takes to secure early-stage financing in this competitive market. Our judges were impressed with the high level of professionalism, the quality management and the strength of product and market in which CFN Services, Inc. operates,” said Joe Rubin, Director, FundingPost, “We are excited to partner with them on this win and foster them as they grow.”

Pitching Across America National Winner: CFN Services, Inc., Virginia

On August 26, 2005 CFN Services announced it completed the acquisition of certain assets and operations of CSX Fiber Networks, previously a division of Jacksonville-based railroad operator CSX Corporation. As CFN Services, the company continues its focus on network infrastructure, providing a range of services including network planning and integration, as well as local access transport and mobile backhaul optimization to several segments of the communications industry. The company’s customer base has expanded from its traditional wire line base to include mobile carriers, broadband fixed wireless and managed data services providers.

One of CFN Services’ key assets is FiberSource®, the industry’s best and most comprehensive telecom infrastructure knowledge-base. FiberSource® is a proprietary nationwide repository of deployed fiber and facilities incorporating CFN Services’ relationships with more than 100 fiber asset owners covering 200,000 route miles of fiber, 550 metro networks, 100,000 tower sites, and 15,000 on-net buildings across 120 markets. The tool set was created to enable rapid identification and access to available network resources for optimization and delivery of fiber based M/WAN networks.

“Utilizing FiberSource® we can help our clients rapidly plan, design, and implement custom fiber and fixed wireless networks,” said Rob Russin, CFN’s VP of Network Planning. “Over the past several years we’ve used FiberSource® internally to optimize, design, and deliver networks for some of the largest carriers including Verizon, AT&T, MCI, and Sprint/Nextel among others. This tool, available on a standalone basis, is also now being used by our customers for pre-sales and implementation support, to design and deploy custom managed multi-channel, multi-protocol optical networks.”

Pitching Across America Premiere Sponsor: WolfBlock
For more than 100 years, WolfBlock has helped entrepreneurial companies to flourish. Some of our largest clients today were once among our smallest clients. We have developed a proficiency in assisting companies from conception through the venture capital stage and into a public offering or exit sale. Our 300 lawyers have in-depth experience in a broad range of industries and practice areas. With seven offices in the Mid-Atlantic region covering the geographic corridor from New York City to Washington, D.C., our smaller clients benefit from an unusual combination: the sophisticated resources of a leading law firm coupled with a culture of servicing the unique needs of rising entrepreneurial companies.

About FundingPost
For over four years FundingPost has worked with thousands of Angel and Venture Capital Investors and Entrepreneurs. With over 5,000 CEOs and 600 Venture Funds attending events in 15 cities nationwide; a quarterly Dealflow magazine; and a deal-exchange website that has, on average, seen an introduction of an Investor to an Entrepreneur every business day since its inception; FundingPost believes that it is important to reach investors in every medium possible - both online and offline, and is experiencing strong growth as the venture capital markets continue to improve worldwide.

   
 

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