Trillion Raises Equity, Restructures, and Adds 22 New Customers

AUSTIN, Texas (Feb. 24, 2009) – Trillion Partners, Inc, one of the leading providers of broadband Wide Area Network (WAN) and Voice over IP (VoIP) services for the K-12 marketplace, raises $4 Million in additional equity from its investors; restructures debt, and reduces costs to strengthen its business and provide a buffer against the current economic conditions.  Trillion also announces the addition of 22 new customers and the hiring of Lou Olsen as Vice President of Operations & Engineering.

“Smart companies are working lean and keeping their customers happy,” said Bear Poth, President and CEO of Trillion Partners, Inc.  “These moves position Trillion for strong long-term growth in the face of a difficult economy.”

As a part of its strategic restructuring, Trillion also announces the addition of Lou Olsen as Vice President of Operations and Engineering.  Lou brings senior executive experience with wireless and backhaul technologies including licensed microwave and WiMAX.  “Lou not only understands the technology, but also the impact that technology has on our customers,” Poth said.

Trillion also announces that 22 new customers signed up for Trillion services during the recent E-Rate grant application window that ended in mid-February.  “Even in a down economy, Trillion’s mission critical services and the value of its solid customer service continue to be needed,” added Poth.

Trillion has a history of delivering outstanding customer service.  For the past three years, Trillion’s Education Partners have consistently ranked Trillion’s customer satisfaction in the highest percentile among the thousands of companies worldwide who have been surveyed by an independent third party research firm.