Rapid Link, Incorporated (RPID)

Rapid Link, Incorporated (RPID), a Delaware corporation, and its subsidiaries, have served as facilities-based, communication companies providing various forms of voice and data services to customers around the world.  Rapid Link provides a multitude of communication services targeted to small and medium sized businesses.

Because of the advanced technology, the networks and management expertise acquired in the acquisition of One Ring Networks and iBroadband during the  fiscal year of 2008, the Company has expanded its offering to the “last mile” of our customer, thus they are in a position of “owning” the customer.  The extensive hybrid fiber wireless (HFW) network acquired in these acquisitions allows Rapid Link to service  its customers to access services without relying on the local exchange carrier (LEC).  The Company’s strategy includes providing service via its own facilities to insure reliable delivery of its current and future services.  Fixed wireless technology allows for swift and cost efficient deployment of high speed networks.  The Company  utilizes WiMAX and other carrier-grade equipment operating in microwave and millimeter-wave spectrum bands.  Through organic growth and acquisitions in targeted areas, the Company believes it  possesses a strategic advantage over carriers that do not provide their own network access.  The Company believes that its strategy of “owning” the customer by providing the service directly to the customer, rather than utilizing the networks of others, is important to its success.  This strategy insures that the Company can provide its bundled products and communication services without the threat of compromised service quality from underlying carriers, and at significant cost savings when compared with other technologies.

Rapid Link is a leading licensed WiMAX carrier, which is one of the fast growing, cost efficient Internet access tools. The Company doesn’t rely on any other network as it has its own licensed, developed technology. The Company has been successful in creating a wide customer base through various strategic deals and acquisitions. In the year 2008, The Company acquired One Ring Networks, Inc. (one of the largest hybrid fiber optic and fixed wireless networks in the United States),  iBroadband Networks, Inc. and iBroadband of Texas, Inc., to complement its existing portfolio. The Company has 48 employees, and the majority of them have wide experience in the communication industry. Rapid Link had over 15,000 customers as of January 31, 2008.

Acquisitions This Year

In order to expand its services, Rapid Link has been actively involved in various mergers and acquisitions in 2008.

During the Fiscal 2Q08, Rapid Link acquired One Ring Networks, Inc., which operates one of the largest hybrid fiber optic and fixed wireless networks in the United States, and is one of the few carriers offering end-to-end communications and networking services, without reliance on third party providers. By using fixed wireless and fiber optic transport, The Company benefits through higher average revenue per customer. Typically, these customers are small to medium size businesses, enterprise clients, and carriers. 

During 3Q08, Rapid Link acquired the assets and assumed partial liabilities of iBroadband Networks, Inc, and iBroadband of Texas Inc.  Included in the asset base, among other assets, are several significant fixed wireless broadband customers, strategic deployment sites and equipment inventories in the Dallas, Texas area.  Also included are several thousand retail customers in Athens, Texas.  The acquisition will help The Company to expand its existing business efficiently and quickly without incurring any significant upfront cost required to build infrastructure and develop a market of this size.

Investment Highlights

Market Opportunity

It is less expensive to deploy WiMAX compared to any other broadband technology. On account of the rising demand for Internet and development of other technologies, WiMAX is considered to be among the strong contenders for the next new generation technology. Its development will be driven by cheap service cost, high speed and ease of access to the end user customers. According to  Senza Fili Consulting, the number of Worldwide WiMAX subscribers is expected to reach 54 million in 2012 compared to 1.99 million in the first quarter of 2008. This forecast includes both 802.16e, and pre-802.16e subscribers, who use proprietary broadband and wireless access, and 802.16.2004 technologies. In mature markets, the major upside opportunity for WiMAX is expected to be in the area of mobile personal broadband services, with fixed and portable services gaining moderate early market traction.

Rapid Link is positioning itself to take advantage of this opportunity and is reshuffling its business strategy at regular intervals according to market conditions.

Diversified Business Portfolio
The Company’s business portfolio includes attractive multiple products and services in the Communications Industry. The Company has diversified its service portfolio and  now covers Wireless Broadband Service,  VoIP,  and other communication services. Though currently, The Company earns the majority of its revenue from communication and broadband services, it has also been increasing its interest in other areas to enhance its revenue growth. This will provide The Company’s shareholders with the assurance that they would get attractive returns even during phases of downturn in any one or a few of The Company’s business segments.

Contract with Cobb County School District 
Rapid Link has entered into a three year contract to provide Internet access to the Cobb County School District in Georgia. The Cobb County School District is the second largest school district in the State of Georgia, with over 15,000 employees, 115 schools, and approximately 107,000 students. Upon completion of this contract, the Cobb County School District would able to enjoy six times faster Internet access ranging from 155Mbps to 1Gbps. Through this deal, Rapid Link would be able to acquire a substantial subscriber base in Georgia. Moreover, this also reveals a clear picture of The Company’s potential service efficiency.

Growth through acquisitions
Rapid Link recognizes that it is a smaller player in the communications industry.  To be successful it must operate on a much larger scale. In the year 2007 and 2008, The Company acquired various communication providing companies like Communications Advantage, LLC, Web-Breeze Networks, LLC, One Ring Networks, Inc.,  iBroadband Networks, Inc, and iBroadband of Texas Inc. These companies will provide Rapid Link with the opportunity to expand its reach to places where Internet access is not available or is not well developed. The Company is expected to continue to seek opportunities to develop its business through strategic acquisitions of fixed wireless, fiber, and other diversified communication operators that complement its organic growth.

Experienced management team
The communication industry involves significant investments, marketing skill and the expertise of knowledgeable employees. Collectively, Rapid Link’s management team represents a powerful group of professionals committed to delivering on the potential of wireless broadband data services, while maintaining a keen focus on customer satisfaction and shareholder value. These executives have advanced The Company’s leading products from early development to commercialization, and are positioning Rapid Link as an emerging player in Communication Industry.

Rapid Link – An Investment Opportunity

Investors in technology and growth companies demand performance. Rapid Link has achieved myriad of milestones since early 2006.

• March 2008 – Closes initial round of debt financing, providing 1.8 million dollars for working capital and proposed acquisitions.
• March 2008 – Purchases One Ring Networks, Inc., acquiring one of the largest hybrid fiber and fixed wireless networks in the United States, as well as licensed WiMAX services in major markets.
• October 2007 – Acquires assets of Communications Advantage LLC, and Web-Breeze Networks, LLC, including a 350 Square Mile Wireless Broadband Network and over 1400 customers.
• May 2006 – Purchases Telenational Communications, Inc., doubling revenues and customer accounts. All operations integrated into single operating headquarters in Omaha, NE.

Services

Rapid Link Nationwide Residential Services

Rapid Link offers Long Distance telephone service throughout the United States. They have a long history of providing the best domestic and international rates with the highest quality of service.

They also have various Calling card services for our overseas customers and international travelers. Militel

Commercial High Speed Data & Voice

Rapid Link’s business telecommunications services are a single solution to your business communications needs. They deliver services using alternative access methods that bypass the ILEC networks and reduce your telecommunications expenses. Their bundles are tailored to fit the needs of any sized business:

Commercial Redundancy

Businesses today depend on their data services. The reliability of those services is mission-critical. Rapid Link has built an extensive, high-speed fixed wireless network that offers both carrier and physical diversity for fiber and traditional copper connections.

If your business needs 100% availability for its online services, our wireless diversity options can supply you near real-time fail-over from your existing wired circuits and offer you peace of mind.
Circuit Options
Speeds from 1.5 Mbps to 1000 Mbps

All circuits include the following:

Circuit Monitoring
Automatic circuit fail-over via BGP or OSPF
On-demand Internet transit and application access services

 
Commercial Colocation
Rapid Link maintains a presence in multiple colocation facilities around the country. These facilities offer carrier and power redundancy, application and equipment management, and access to bulk bandwidth and enhanced IP network services.
 
If your company requires 100% application uptime or access to significant bandwidth for online applications (including IP voice), contact a Rapid Link representative to learn more about how they can help meet your needs.
 
Colocation facilities: 
 
Telx, 56 Marietta Street, Atlanta, GA
CRG West, 1275 K Street, Washington, DC
CRG West, 624 South Grand Avenue, Los Angeles, CA
Rapid Link, 1623 Farnam St., Omaha, NE
Telx, 2323 Bryan St., Dallas, TX

Enterprise High Speed Data Services

Rapid Link’s business telecommunications services are a single solution to your business communications needs. They deliver services using alternative access methods that bypass the ILEC networks and reduce your telecommunications expenses. Our bundles are tailored to fit the needs of any sized business:
 
Ethernet Dedicated Internet Access

Circuits are available with a Committed Information Rate (CIR) from 50 Mbps to 1000 Mbps over either fiber or fixed wireless facilities.
 
Burstable Ethernet Dedicated Internet Access

Circuits are available with a Committed Information Rate (CIR) from 50 Mbps to 1000 Mbps and a Maximum Information Rate (MIR) equal to the port speed over either fiber or fixed wireless facilities.
 
Carrier Data Services

Rapid Link has years of experience providing data services to Carriers. Utilizing an extensive hybrid fiber and fixed wireless network, Rapid Link delivers IP transit and transport services that are customized to unique needs. Partnering with major carriers, Rapid Link provides a full range of bandwidth options from 5Mbps to 1,000Mbps, providing flexible options for carrier customers.

Rapid Link’s Carrier Services set the standard for quality, cost and efficiency. Contact our sales department and learn how Rapid Link can design a solution for you!

Partner Opportunities

Rapid Link offers partnership programs that bring both economic and strategic opportunities to companies from many different industries. Partners are given access to our sales engineering team and to our suite of web-based tools to assist in developing and closing new business opportunities.

If your company is in a market that gives you convenient access to or influence over telecommunications and technology decision makers, contact Rapid Link today to learn more about how they can help you deliver value to your customers and create valuable streams of revenue in the process.

Management

Rapid Link’s Management Team brings a wealth of entrepreneurial expertise and experience. Collectively, Rapid Link management represents a powerful team of professionals committed to delivering on the potential of wireless broadband data services, while maintaining a keen focus on customer satisfaction and shareholder value.

John A. Jenkins, Chairman

– In 2004, Mr. Jenkins assumed the position of Chairman and CEO of the company.
– From 1994 to 2003, Mr. Jenkins held various executive positions in the telecommunications industry for ICN/Commsource, a buying and leasing company of oceanic fiber optics cable, Golden Line Technologies, and Justice Technology, an international long-distance carrier.  
– Holds degrees in Physics & Business/Economics from UCLA.

Chris Canfield, CEO, Director

Mr. Canfield serves as Chief Financial Officer and President of Rapid Link. He has an experience more than 15 years working in the telecommunications industry. Prior to Joining Rapid Link, Mr. Canfield served as the President and CEO of Telenational Communications, Inc. Telenational was ultimately acquired by Rapid Link in May 2006.Mr. Canfield founded two companies, Intercontinental Exchange, Inc. (ICX), an FCC licensed 214 carrier that primarily served the telecommunications needs for over 10,000 US Military personnel overseas and Resource Communications, Inc. ICX was profitable and eventually acquired by a major public telecommunications company in 1998. Resource Communications was primarily an agent channel company which provided telecommunications management services for business and enterprise customers. Mr. Canfield grew Resource from inception to total customer revenues of over $20 million annually. Mr. Canfield holds BS in Marketing and Business Administration at California State University in 1979.

Michael McGuane, CFO

Mr. McGuane is a Certified Public Accountant and has over 20 years of finance and accounting experience. He has worked for some of the world’s top accounting firms and publicly traded companies. Mr. McGuane began his business career in 1986 with the international accounting firm of KPMG Peat Marwick and continued in public accounting through 1995 with Deloitte Touche, LLP. Prior to joining Rapid Link, Mr. McGuane held top financial positions with Dole Foods Company, Aquila Energy Corporation, and Mutual of Omaha Insurance Companies. Mr. McGuane holds an Executive MBA and BSBA from the University of Nebraska and is also a published author in the field of Corporate Governance.

Mike Prachar, COO

Mr. Prachar has been involved in the telecommunications industry since 1992 and has extensive experience in virtually all functions, including sales, marketing, general management, information technology, and equipment deployment. In 1997, while working for Intercontinental Exchange (ICX), Mr. Prachar pioneered and personally installed a dedicated voice connection between Japan and California using innovative packetized compression technology which matches conceptually with now popular VoIP systems. The resulting calling product enabled customers in Japan to call anywhere in the world for less than 50% of PTT (Postal Telephone and Telegraph) rates. Mr. Prachar oversees all of the operations of The Company from billing and customer service to vendor and carrier relationships.

Matt Liotta, CTO

Mr. Liotta is the lead technologist behind the company’s next-generation network. Mr. Liotta joined Rapid Link in 2008 with the acquisition of One Ring Networks, a company he founded in 2004. Mr. Liotta guided the hybrid fiber and fixed wireless carrier to become one of the leading alternative access providers in the country. Before founding One Ring, Mr. Liotta lead Montara Software, a content management and portal software company, which was purchased by private investors. Prior to that he was the portal engineering manager for DevX, which was acquired by Jupiter Media. Mr. Liotta has also served as a software architect for a variety of companies in San Francisco and Atlanta. such securities is highly speculative and carries a high degree of risk.

Contact Info:

Rapid Link, Incorporated

Tel: 402-392-7561
Fax: 402-392-7562
5408 N.99th St.
Omaha, NE 68134

John Jenkins
CEO

IR@rapidlink.com

Website:

http://www.RapidLink.com/

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