CHICAGO, Nov. 17 /PRNewswire-FirstCall/ -- Global Capacity (parent: Capital Growth Systems, Inc. (OTC Bulletin Board: CGSY)), the world's leading telecommunications information and logistics company, today announced it has been awarded a contract to optimize the network of a major global carrier in three European markets. Under the terms of the agreement, Global Capacity will offer its systems and tools to identify opportunities to reduce the operating costs of the network. This contract follows an earlier contract with the same Tier 1 client in which Global Capacity utilized its network optimization tools and global pricing applications to identify historical overcharging in 32 countries across Europe, Middle East, and Africa (EMEA).

Global Capacity has built and maintains a unique database of market intelligence regarding global communications infrastructure and pricing that provides much needed market transparency to the highly-fragmented global access network market. On top of this market intelligence, the Company has built systems and tools that leverage this data to enable the efficient design, pricing, provisioning, management, optimization, and billing of complex access networks globally. The ability to deliver automated execution of network modifications across the entire telecom supply chain, informed by global market intelligence, enables Global Capacity to reduce the cost and improve the efficiency of connectivity portfolio management.

In this engagement, Global Capacity will utilize its automated pricing system that contains customer proprietary pricing data, blended with real-time quotation of competitive market rates, as a basis to conduct the optimization analysis. Global Capacity will cleanse and upload customer network data into a network optimization tool that uses the automated pricing system to identify least cost solutions, alternative providers, and more efficient network designs. The results are stored and displayed in a web-based application that allows the client to execute "what if" analysis and identify the optimal solution based on their specific business objectives.

"This contract ratifies the value Global Capacity offers to large global carriers in reducing costs and streamlining processes and builds on our previous network overcharge engagement with this client," said Patrick Shutt, Global Capacity Chief Executive Officer. "Our information and tools provide both carrier and enterprise clients the ability to leverage automated market intelligence that can dramatically improve the profitability of network operations."

About Global Capacity

Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom information and logistics company providing a fully-integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, and carrier customers worldwide. Global Capacity is headquartered in Chicago, IL, with operational centers in Waltham, MA and Manchester, England; and with offices in Houston, TX; Glastonbury, CT; New York, NY; London, England; and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact the Company at 312-673-2400.

Forward-Looking Statements

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.

Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends, and uncertainties such as: the Company's inability to accurately forecast its operating results; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; and other risks associated with the Company's business. For further information on factors which could impact the Company and its subsidiaries and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

SOURCE: Global Capacity

www.globalcapacity.com

SOURCE Global Capacity