Utility Telecom Group Acquires Assets of The Telephone Connection

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Utility Telecom, a West Coast telecommunications company, expands its product offerings through the acquisition of The Telephone Connection of Los Angeles

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"Our acquisition of TTC adds a new dimension to Utility's offerings." - Jason Mills, CEO of Utility Telecom

The acquisition of the Telephone Connection (TTC) a Los Angeles based medical messaging provider, will add a unique assisted voicemail product focused on the medical service provider industry.

“This expansion in Southern California makes Utility an even stronger communications partner for enterprise and government customers seeking high-reliability, high-bandwidth network solutions in California and Nevada,” said Jason Mills, CEO and founder of Utility Telecom. “Our acquisition of TTC adds a new dimension to Utility’s offerings. Utility continues to invest in its network to strengthen our infrastructure, better serve the needs of customers, and increase our standing as a high-quality regional telecom network operator. Services like TTCs are a huge differentiator in the marketplace, and that’s the cornerstone to long-term customer relationships, which is what Utility Telecom is all about.”

With its corporate headquarters located in Stockton, CA, and offices in Los Angeles, San Luis Obispo, Redding, and Reno, NV, Utility Telephone has been serving the business communities in California and Nevada for nearly 20 years with a wide range of telecommunications services.

Most recently, Utility Telecom has successfully secured $6.75 million in funding from Central Valley Fund, making this and future acquisitions possible.

About Utility Telecom

Founded in Stockton, California in 1996, Utility Telecom is one of the largest regional providers of networking, communications, and technology solutions in the California Central Valley. The company provides critical data networking and unified communications to thousands of business customers in California and Nevada- this includes enterprise, government, and wholesale customers. Utility has implemented many fully redundant fiber rings, supplying its customers with lightning-fast internet speeds on fiber, ADSL, Ethernet over Copper and classic T1 service, linking their regional points of presence with internet peering points.

Utility Telecom is committed to providing businesses with the tools they need to serve their customers with the most cutting-edge technology and great customer service. For more information, please visit http://www.uyt.co.

About Central Valley Fund

Central Valley Fund was established in 2005 to finance later-stage growth and opportunities with small businesses through mezzanine debt and preferred equity investments with over $175 million in committed capital. The fund has two offices in California - Davis and Fresno - to attend to small businesses seeking capital. It is focused on making investments in California’s Central Valley and throughout the Western United States. For more information, please visit http://www.cvfcapitalpartners.com

For more information regarding this release, please contact: Mark Jordan, Chief Operating Officer, 209.949.4021.

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