Wednesday, January 7, 2009
Cbeyond Announces Customer Results for the Fourth Quarter of 2008
ATLANTA, Jan 07, 2009 (BUSINESS WIRE) --
In anticipation of its presentation at an investment conference on
January 8, 2009, Cbeyond, Inc. (NASDAQ: CBEY), a leading IP-based
managed services provider to small businesses, today announced that
Cbeyond expects to report the following customer results for the quarter
ended December 31, 2008.
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Ending customers of 42,463 at December 31, 2008, and;
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Monthly customer churn rate of 1.4% for the fourth quarter of 2008.
Cbeyond anticipates releasing its full operating and financial results
for the fourth quarter of 2008, including final customer and churn data,
on Thursday, February 26, 2009. Cbeyond will be presenting at the Citi
Global Entertainment, Media & Telecommunications Conference at the
Arizona Biltmore Resort & Spa in Phoenix, Arizona on January 8th.
The presentation by Jim Geiger, chairman and chief executive officer of
Cbeyond, will begin at 11:45 a.m. MST on Thursday, January 8, 2009. The
presentation will be available at Cbeyond's website at http://ir.cbeyond.net/events.cfm.
About Cbeyond
Cbeyond, Inc. (NASDAQ: CBEY) is a leading IP-based managed services
provider that delivers integrated packages of communications and IT
services to more than 42,000 small businesses throughout the United
States. Cbeyond offers more than 30 productivity-enhancing applications
including local and long-distance voice, broadband Internet, mobile,
BlackBerry(R), broadband laptop access, voicemail, email, web hosting,
fax-to-email, data backup, file-sharing and virtual private networking.
Cbeyond manages these services over a private, 100-percent Voice over
Internet Protocol (VoIP) facilities-based network. For more information
on Cbeyond, visit www.cbeyond.net.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to statements identified by words such as
"expectations," "guidance," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "targets," "projects" and similar
expressions. Such statements are based upon the current beliefs and
expectations of Cbeyond's management and are subject to significant
risks and uncertainties. Actual results may differ from those set forth
in the forward-looking statements. Factors that might cause future
results to differ include, but are not limited to, the following:
finalization of operating data, the significant reduction in economic
activity, which particularly affects our target market of small
businesses; the effects on our Houston market arising from Hurricane
Ike; the risk that we may be unable to continue to experience revenue
growth at historical or anticipated levels; the risk of unexpected
increases in customer churn levels; changes in federal or state
regulation or decisions by regulatory bodies that affect the Company;
periods of economic downturn or unusual volatility in the capital
markets or other negative macroeconomic conditions that could harm our
business, including the resulting inability of certain of our customers
to meet their payment obligations; the timing of the initiation,
progress or cancellation of significant contracts or arrangements; the
mix and timing of services sold in a particular period; our ability to
recruit and maintain experienced management and personnel; rapid
technological change and the timing and amount of start-up costs
incurred in connection with the introduction of new services or the
entrance into new markets; our ability to maintain or attract sufficient
customers in existing or new markets; our ability to respond to
increasing competition; our ability to manage the growth of our
operations; changes in estimates of taxable income or utilization of
deferred tax assets which could significantly affect the Company's
effective tax rate; pending regulatory action relating to our compliance
with customer proprietary network information; external events outside
of our control, including extreme weather, natural disasters or
terrorist attacks that could adversely affect our target markets; and
general economic and business conditions. You are advised to consult any
further disclosures we make on related subjects in the reports we file
with the SEC, including the "Risk Factors" in our most recent annual
report on Form 10-K, together with updates that may occur in our
quarterly reports on Form 10-Q and Current Reports on Form 8-K. Such
disclosure covers certain risks, uncertainties and possibly inaccurate
assumptions that could cause our actual results to differ materially
from expected and historical results. We undertake no obligation to
correct or update any forward-looking statements, whether as a result of
new information, future events or otherwise.
CBEY-F CBEY-G
SOURCE: Cbeyond, Inc.
Cbeyond, Inc.
Kurt Abkemeier, Vice President, Finance & Treasurer
678-370-2887
kurt.abkemeier@cbeyond.net
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