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RCN Metro: RCN Metro Optical Networks to Provide Lombardi & Co. Inc. With Dedicated Internet Service on Major NY Based Financia

^{Published on 2009-10-20 05:08:44 - Market Wire}
 

HERNDON, VA--(Marketwire - October 20, 2009) - [ RCN Metro Optical Networks ], a division of [ RCN Corporation ] (NASDAQ: [ RCNI ]) and a premier provider of fiber optic-based network solutions, announced today that it was selected to provide dedicated Internet service to Lombardi & Co. Inc, a leading provider of access and trading technologies and services to institutional investors. RCN Metro will provide dedicated Internet service to Lombardi & Co. Inc. on the floor of a major, New York-based financial exchange as well as to Lombardi's corporate offices in New York, NY.

Lombardi & Co. Inc. provides institutional clients direct access to the trading floor by focusing on state-of-the-art technology and superior customer service. By strategically leveraging high quality technology platforms and providers, Lombardi & Co. Inc. aims to provide the best execution and service while mitigating risks and costs for its clients.

"We selected RCN Metro due to its outstanding reputation for speed, reliability, high-bandwidth solutions, and expertise in serving the financial services industry," said John Song, Director of Technology, Lombardi & Co. Inc. "RCN Metro will provide us optimal TCO, minimal latency, as well as high throughput and availability on the trading floor as well as at our corporate offices."

This announcement comes on the heels of RCN Metro's recent upgrade of the access layer of its Ethernet network to include 10 Gigabit Metro Ethernet-based transport at several key locations. The upgrade has further enhanced RCN Metro's already strong network performance and low levels of latency and provides customers greater scalability, reducing the amount of time needed to increase bandwidth to mere days. This is especially relevant to the financial services industry, which is heavily reliant on timely market data and exchange connectivity. A millisecond improvement in network connectivity can result in a significant competitive advantage for these businesses.

"We are very excited that Lombardi & Co. Inc. selected RCN Metro for their dedicated Internet access," said Felipe Alvarez, President of RCN Metro. "As the provider of choice to the financial services industry, RCN Metro prides itself in its ability to deliver outstanding customer support and best-in-class services via a low latency, fiber-optic based network. We look forward to working with Lombardi & Co. Inc. to deliver services that allow their clients to execute trades quickly and efficiently, giving them the competitive edge they need in this highly competitive marketplace."

About RCN Metro Optical Networks

RCN Metro, [ http://www.rcnmetro.com ], is a premier provider of high-capacity transport services for carriers as well as large and medium-sized businesses. RCN Metro offers a comprehensive suite of services including: Ethernet, SONET, Wavelength, Video Transport, Internet and more. With a network leveraging unique rights-of-way, spanning from Maine to Virginia and out to Chicago, RCN Metro deploys custom solutions to service providers as well as companies in the finance, hospitality, media, government, health care and education industries. RCN Metro is a wholly owned division of RCN Corporation.

About RCN Corporation

RCN Corporation (NASDAQ: [ RCNI ]), [ www.rcn.com ], is a competitive broadband services provider delivering all-digital and high definition video, high-speed internet and premium voice services to residential and small-medium business customers under the brand names of RCN and RCN Business Services, respectively. In addition, through its RCN Metro Optical Networks business unit, RCN delivers fiber-based high-capacity data transport services to large commercial customers, primarily large enterprises and carriers, targeting the metropolitan central business districts in the company's geographic markets. RCN's primary service areas include Washington, D.C., Philadelphia, Lehigh Valley (PA), New York City, Boston and Chicago. (RCNI-G)

About Lombardi & Co. Inc.

Lombardi & Co. Inc. (MPID: LOCO) has been providing institutional clients direct access to the floor of NYSE for over 25 years by focusing on state-of-the-art technology and superior customer service. By strategically leveraging high quality technology platforms and providers, Lombardi & Co. Inc. aims to provide the best execution and service while mitigating risks and costs for our clients.