What telecom slowdown?

Continuing to post strong customer growth numbers, US LEC Corp. (Nasdaq: CLEC), a telecommunications carrier providing voice, data and Internet services to businesses, recently passed the 8,000 customer mark, adding over 1,000 since January.

US LEC says its growing customer base reflects the company’s ability to attract and keep a wide range of customers from various industries, which is reflected in its customer retention rate of 99 percent. This customer growth was a key driver in the company’s positive financial results early in 2002, the Charlotte-based company says.

Net revenues for the quarter ending March 31 increased 42 percent to
$53.9 million, US LEC says, compared with $38.1 million for the quarter ended March 31 2001, and 5 percent sequentially compared to $51.5 million reported in the fourth quarter of 2001.

“Customers continue to choose US LEC based on our proven capabilities and the simplicity of our service,” Aaron Cowell, president and chief operating officer of US LEC, said in a statement. “But it goes further than that…our commitment to post-sale customer care sets us apart from other providers. So, not only are new customers coming to US LEC at a phenomenal rate, they are staying with US LEC as well.”

Some customers of US LEC include The Ben Craig Center in Charlotte, Gossett Motors in Memphis, Greensboro-based Nylstar, Atlanta’s Emory University, American Red Cross of Greater Miami and the Keys, The Jacksonville (FL) Bank, Optimum Mortgage of Charleston, SC, and Softplay, LLC, also in Charlotte.

US LEC service area includes Alabama, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and the District of
Columbia.

US LEC: www.uslec.com