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ORLANDO, Fla. --- COTO
Communications, LLC recently entered a joint venture agreement with
StratoComm Corporation of Albany, NY and Eatontown, NJ, to provide
affordable telecommunications services.
Alan Townsend, chief
executive officer of COTO Communications, said his firm focuses on
providing affordable business high-speed Internet services to rural
and underserved communities in Florida.
StratoComm has been
delivering its communications services to developing countries in
Africa, Latin America and Asia with positive results. StratoComm
recently selected COTO Communications as its first U.S. joint venture
partner to meet the demand for reasonably priced high-speed Internet
access and telephone services underserved communities.
Townsend said COTO
and StratoComm's joint efforts will focus on communities throughout
the Southeast corridor of the U.S.
One of COTO's first
target areas is the riverfront community of Edgewater in rural Volusia
County.
"Many rural communities
in the U.S., particularly in Florida, are underserved by the telecommunications
industry," Townsend explained. "Once thought a luxury, high-speed
Internet access is now an integral business tool without which underserved
rural businesses and households are at a loss."
"Our mission is to
incorporate existing technology to provide sophisticated services
at a cost that is affordable to individuals and businesses in those
areas," he said.
President Obama has
made rural broadband communications access a priority of his administration.
COTO Communications
recently joined the University of Central Florida Incubation Program's
downtown Orlando Incubator at 37 N. Orange Ave.
For
more information, contact
Alan
Townsend, Chief Executive Officer, COTO Communications 516-818-9939
or 386-210-4060 atownsend@cotocommunications.com;
Gordon
Hogan, Site Manager, UCF Technology Incubation Program-Downtown,
407-882-1577, bizdev@mail.UCF.edu;
Larry
Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.
About
the UCF Incubation Program
Since
its founding in 1999, the UCF Incubation Program has helped more
than 100 emerging companies (including nearly 70 current clients)
create over $500 million in annual revenue and more than 900 new
jobs with an average salary of $59,000. With five facilities across
the Greater Orlando community, the Incubation Program is a collaboration
in economic development between the University of Central
Florida, Orange County,
the City of Orlando, Seminole County,
the City of Winter Springs, and the Florida High Tech Corridor
Council. For more
information, please visit http://www.incubator.ucf.edu. |
