WVT Communications Group Elevates Stature as Unified Communication Leader With Name Change to Alteva Alteva Branding Leverages Position as 9th Largest Unified Communications Provider

January 22, 2013 09:00 ET
WVT Communications Group Elevates Stature as Unified Communication Leader With Name Change to Alteva
Alteva Branding Leverages Position as 9th Largest Unified Communications Provider
WARWICK, NY--(Marketwire - Jan 22, 2013) - Warwick Valley Telephone Company (NYSE MKT: WVT), referred to as WVT Communications Group or the Company, the parent company of leading cloud communications pioneers, today announced that it will immediately begin conducting business as Alteva. The official name change will be effective upon receipt of shareholder approval, reflecting a single unified brand.
Commenting on the name changes, David Cuthbert, President and Chief Operating Officer, stated, "As Alteva, we embrace a singular vision for generating profitable growth though the provision of high-quality communications services. The influential presence that Alteva has developed within the business markets it serves and the cloud-based UC ecosystem will be leveraged by all our operating segments. This united branding under the Alteva name enables the Company to benefit from the considerable investments we have been making in sales, marketing, advertising and channel partner development."
All of the Company's previous business units, including the nation's ninth largest unified communications provider, the carrier services provider, and the highly respected traditional telecom provider turned premier regional broadband company, will now be doing business as Alteva. Consistent with the Alteva branding, the Company's ticker symbol on the NYSE MKT exchange will be changed to ALTV effective February 4, 2013. Until that time, the shares will continue to trade under the ticker symbol WVT.
About Alteva
Alteva (previously referred to as WVT Communications Group) is a world technology leader in providing cloud-based Unified Communications (UC) solutions for small, medium and enterprise businesses. Founded in 1902, the Company has continued to adapt and remain on the forefront of technology, chiseling its position among the most stable and respected communications vendors around the globe. Alteva continues to forge the new model that communications providers, large and small, are striving to emulate. Alteva continues to integrate new innovations with proven technology from industry leaders like Microsoft, Cisco, BroadSoft, Level 3, and Polycom to provide best-in-class hosted unified communications solutions.
Alteva is enabling businesses of any size to communicate more efficiently with hassle-free communications tools. By overlaying a UC division on its stable, regional broadband company, Alteva has positioned itself in front of its peer group of companies and created an evolutionary change in its strategy. Visit www.wvtcg.com or call 855-U-GO-CLOUD for more information.
All trademarks are the properties of their respective owners.

WVT Communications becomes Alteva: No longer your great-grandfather's phone company

Tom Paine

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WVT Communications (originally Warwick Valley Telephone), the small local New York telco that acquired Philadelphia-based unified communications provider Alteva in 2011, is making Alteva its official corporate name, the company announced yesterday. It plans to change its ticker symbol on the NYSE MKT exchange to ALTV effective February 4, pending shareholder approval.

I asked WVT by email whether it was in the plans for the renamed corporation to move its headquarters from New York to Philadelphia, and a spokesperson rsponded that "we have no plans for a move at this time and we still have substantial operations and management in Warwick, NY."

In its press release, WVT/Alteva referred to itself as the "nation's ninth largest unified communications provider." I recently wrote about one of the larger ones, Wayne-based Evolve IP. Although the two vendors are not precisely
apples-to-apples in terms of strategies and service offerings, Evolve IP reported 2011 revenue of $17.2 million and indicated that it had very substantial but unspecified growth again in 2012. According to its latest financial report from last year, Alteva's cloud communications revenue were running at annual rate of about $15 million with 38% growth. Alteva's current market capitalization (the total value of its stock) is about $68 million.

Alteva opened a new Philadelphia headquarters last year at 401 Market Street, featuring an "innovation center" that is viewable at street level, with "experience zones" where individuals can get a hands-on look at Alteva's system. Alteva's President & COO is David Cuthbert, who is based in Philadelphia, while Duane W. Albro is Chief Executive Officer based out of New York. The corporation reports having over 50 employees in Philadelphia.

See also Alteva: Comcast enters its market, as it expands office space & hiring; Launches new ad campaign


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