TELNET WORLDWIDE ENLISTS
Mark Iannuzzi is the founder and president of TelNet Worldwide. "TelNet," he noted, "has the network, the talent and back office systems in place to support a dramatic expansion of our product offerings and our sales force. Partnering with BenchStrength will help us realize the significant revenue growth and market share acquisition our core business can readily support." BenchStrength is a business consulting and capital sourcing practice with particular expertise in rapid valuation improvement and strategic repositioning. For the TelNet engagement, Patrick O'Leary, managing director and founder of BenchStrength, assumes the role of interim CEO. O'Leary has over 20 years of telecom executive experience, including 10 years as president and CEO of LDMI Telecommunications. O'Leary noted that TelNet has proven itself historically as an innovative and aggressive company. "We see great potential in this partnership with TelNet Worldwide," O'Leary said. "There is a powerful network infrastructure, scalable OSS resources and existing management talent that can drive this company to new levels of success. Adding to the mix, BenchStrength has assembled a stellar team of supporting executives and alliance resources to redirect the companys focus for both near and long-term success." With the support of BenchStrength, TelNet has launched a revolutionary operating system - COMPASS; migrated approximately 5,000 customers to its platform; and developed a cost-competitive suite of products for home and business. In a separate initiative, the partnership is also revitalizing TelNet's recently re-branded contact management center - Superior Contact. "We now have a well-defined direction for entry into direct-to-business services," said Iannuzzi. "BenchStrength and TelNet are an excellent fit. Together we've discovered ways to cut costs, find efficiencies, expand services and re-invent TelNet for the good of our company and our customers."
TelNet Worldwide, Inc. is a full-service provider of quality telecommunications products and services. From local phone service and VoIP, to complex, high-speed, T1 solutions and professional services, TelNet offers a full range of retail products for small to medium size businesses, as well as voice, data and infrastructure services to ISPs and larger businesses throughout the United States. Founded in 1998, privately owned and headquartered in Troy, Michigan, TelNet has the largest local network coverage area in Michigan, which extends throughout the Great Lakes states. TelNet also owns and operates Superior Contact, a thriving contact management/call center operation based in Marquette, Michigan. For more information about TelNet Worldwide, visit www.telnetww.com. For more about Superior Contact, visit www.superiorcontact.net.
BenchStrength Solutions is a business strategy and capital sourcing firm, providing leadership and rapid-turnaround restructuring to under-optimized businesses and organizations in need of strategic repositioning. BenchStrength is comprised of a veteran team of professional leaders and affiliate organizations with expertise in finance, sales and marketing, product and business strategy, consumer research and IT. For more about BenchStrength Solutions, visit www.benchstrengthsolutions.com. ###
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    For information contact:Henry Doss 336.877.2492 henry.doss@telnetww.com |
