COTO Communications forms Joint Venture with StratoComm Corporation

March 25, 2009 - PRLog -- Alan Townsend, chief executive officer of COTO Communications, said his firm focuses on providing affordable business high-speed Internet services to rural and underserved communities in Florida.

StratoComm has been delivering its communications services to developing countries in Africa, Latin America and Asia with positive results.  StratoComm recently selected COTO Communications as its first U.S. joint venture partner to meet the demand for reasonably priced high-speed Internet access and telephone services underserved communities.  

Townsend said COTO and StratoComm’s joint efforts will focus on communities throughout the Southeast corridor of the U.S.  

One of COTO’s first target areas is the riverfront community of Edgewater in rural Volusia County.

“Many rural communities in the U.S., particularly in Florida, are underserved by the telecommunications industry,” Townsend explained. “Once thought a luxury, high-speed Internet access is now an integral business tool without which underserved rural businesses and households are at a loss.”

“Our mission is to incorporate existing technology to provide sophisticated services at a cost that is affordable to individuals and businesses in those areas,” he said.  

President Obama has made rural broadband communications access a priority of his administration.

COTO Communications recently joined the University of Central Florida Incubation Program’s downtown Orlando Incubator at 37 N. Orange Ave.

For more information, contact
Alan Townsend, Chief Executive Officer, COTO Communications 516-818-9939 or 386-210-4060 atownsend@cotocommunications.com;
Gordon Hogan, Site Manager, UCF Technology Incubation Program-Downtown, 407-882-1577, bizdev@mail.UCF.edu;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.

About the UCF Incubation Program
Since its founding in 1999, the UCF Incubation Program has helped more than 100 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 900 new jobs with an average salary of $59,000. With five facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, and the Florida High Tech Corridor Council.  For more information, please visit http://www.incubator.ucf.edu.