CHOICE ONE COMMUNS INC

werden ab sofort nicht mehr gehandelt. Verschwinden in privaten Händen. Schade eigentlich, da sie ja ab dem 18.11. aus dem chapter11 befreit worden sind.

heute +1000% intraday

...und ich bin nicht dabei. das gibt ein run. wurde die aktie vom handel ausgesetzt ??? hier die news von gestern: Choice One Communications Financial Restructuring Plan Approved By Court ROCHESTER, N.Y., Nov 10, 2004 (BUSINESS WIRE) -- Choice One Communications (OTCBB: CWON): -- Company expected to successfully emerge from "prepackaged" chapter 11 proceedings on or about November 18, 2004 -- Company to exit chapter 11 with $30 million of new financing -- Restructuring will reduce Choice One's debt from over $1 billion to approximately $205 million, strengthen its balance sheet, and increase its liquidity -- Company's client base has continued to grow and normal operations have continued without interruption throughout the chapter 11 proceeding -- Reduced debt, new financing, and continued growth from operations enable company to remain a premier telecommunications provider Choice One Communications (OTCBB: CWON), an Integrated Communications Provider offering facilities-based voice and data telecommunications services, including Internet solutions, to clients in 29 Northeast and Midwest markets, today announced that the U.S. Bankruptcy Court for the Southern District of New York has approved its "prepackaged" financial restructuring plan, which when consummated will substantially reduce the Company's debt, strengthen its balance sheet, and increase its liquidity. As a result, Choice One anticipates that its Plan of Reorganization will become effective and the Company will emerge from its chapter 11 proceedings on or about November 18, 2004. Reflecting the fundamental strength of its operations and its future growth and earnings potential, Choice One's Plan of Reorganization was accepted by 100% of its lenders prior to the Company's voluntary chapter 11 filing on October 5, 2004. Under the Plan of Reorganization, which was confirmed by the Court following a hearing on November 8, Choice One will (i) convert approximately $404 million of outstanding senior debt into $175 million of new senior secured term notes with a six-year term and 90% of the common stock of the reorganized Company; (ii) convert approximately $252 million of outstanding subordinated debt into the other 10% of such common stock and into two series of seven-year warrants to purchase additional shares of common stock from the reorganized Company; and (iii) upon completion of the restructuring, obtain a revolving credit facility of $30 million from a subset of its existing lenders to provide for ongoing working capital requirements. "We are pleased that the Court has confirmed our Plan of Reorganization, an important milestone that keeps us on track to execute our 'prepackaged' financial restructuring as planned in less than 45 days from start to finish," said Steve Dubnik, Chairman and Chief Executive Officer. "I am excited to report that our business has continued to grow during this time and we are grateful to our colleagues, clients, lenders and suppliers, whose support has allowed us to move through the reorganization process very quickly, efficiently and effectively. Our ability to achieve such a significant financial restructuring in less than two months is virtually unprecedented in our industry and will leave Choice One well positioned to capitalize on future growth opportunities." Dubnik concluded that, "Successful completion of this process greatly enhances our ability to remain a premier provider of telecommunications services, to continue to provide great service to our clients, and to grow our business, now and in the future." About Choice One Communications Headquartered in Rochester, New York, Choice One Communications Inc. (OTCBB: CWON) is a leading integrated communications provider offering voice and data services including Internet solutions, to businesses in 29 metropolitan areas (markets) across 12 Northeast and Midwest states. Choice One reported $323 million of revenue in 2003, has more than 100,000 clients and employs approximately 1,200 colleagues. Choice One's markets include: Hartford and New Haven, Connecticut; Rockford, Illinois; Bloomington/Evansville, Fort Wayne, Indianapolis, South Bend/Elkhart, Indiana; Springfield and Worcester, Massachusetts; Portland/Augusta, Maine; Grand Rapids and Kalamazoo, Michigan; Manchester/Portsmouth, New Hampshire; Albany (including Kingston, Newburgh, Plattsburgh and Poughkeepsie), Buffalo, Rochester and Syracuse (including Binghamton, Elmira and Watertown), New York; Akron (including Youngstown), Columbus and Dayton, Ohio; Allentown, Erie, Harrisburg, Pittsburgh and Wilkes-Barre/Scranton, Pennsylvania; Providence, Rhode Island; Green Bay (including Appleton and Oshkosh), Madison and Milwaukee, Wisconsin. For further information about Choice One, visit our web site at choiceonecom.com or contact us at 1-888-832-5800. Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and the Company intends such forward-looking statements be subject to the safe harbors created thereby. The words "believe", "believes", "expects", "estimates", "anticipates", "will", "will be", "could", "may" and "plans" and the negative or other similar words or expressions identify forward-looking statements made by or on behalf of Choice One Communications Inc. ("the Company"). These forward-looking statements are subject to many uncertainties and factors that may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Examples of such uncertainties and factors include, but are not limited to, continued compliance with covenants for borrowing under our bank credit facility, availability of financing, availability of significant operating cash flows, continued availability of regulatory approvals, the number of potential customers and average revenue for such customers in a market, the existence of strategic alliances or relationships, technological, regulatory or other developments in the Company's business, changes in the competitive climate in which the Company operates, the emergence of future opportunities, and the Company's ability to complete a financial restructuring, all of which could cause actual results and experiences to vary significantly from the Company's current business plan and to differ materially from anticipated results and expectations expressed in the forward-looking statements contained herein. These and other applicable risks are summarized under the caption "Risk Factors" and elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2003, Registration No. 000-29279, filed with the Securities and Exchange Commission on March 30, 2004. SOURCE: Choice One Communications

die zahlen sind gar nicht mal so schlecht, abgesehen vom unternehmensverlust. die haben momentan eine börsenkapitalisierung von nicht mal 200000 $. und der umsatz stieg y-o-y. übrigens sind nur 150 mio. shs authorisiert und ca. 55 mio. draussen.