TMC’s Erik Linask speaks with ThermoCredit’s Executive Vice President, Seth Block

The increased funds will be used by the Texas based company to support its continued aggressive growth and to aid in future business expansion. All Access Telecom’s President Lamar Carter stated, “Thermo Credit continues to fuel our continued growth in the domestic carrier market from a solid financial perspective.”

Thermo Credit’s Executive Vice President Seth Block commented on the expanded relationship with All Access, “We are excited to be expanding this facility with All Access. They have really performed well since we started funding them and we believe this expansion will help them grow and make the company even stronger.”

Situated three miles from the Los Angeles International Airport, the new office is located in the Howard Hughes Center in West Los Angeles. Seth Block, the company’s Executive Vice President of External Operations commented “We are very excited to be opening this new office. We feel it will help us serve the California market with much greater efficiency.”

In addition to the California office, the New Orleans based company also has an east coast office located in Charleston, SC and anticipates further expansion within the year.

“We are very excited to be adding Juliet to our team. I am certain her experience and knowledge in the asset based lending industry coupled with her enthusiasm will be a major asset to the company” stated Seth Block, Thermo Credit’s Executive Vice President.

Thermo Credit offers financial solutions exclusively to the communications industry and boasts over 100 years of combined experience in telecom and financial services. Thermo targets established companies in every segment of the communications market including Long Distance, VoIP, Triple Play, Wholesale, Wireless, ISPs, CLECs and Call Centers.

Juliet will be offering Thermo Credit’s financial services out of Los Angeles and will be concentrating on the California market.

Seth Block, Executive Vice President at Thermo Credit comments, “We are very excited to be working with Lamar and his team. We feel this facility will give them the cash flow they need to take the business to the next level.”

The funding will be used by All Access for business expansion. Lamar Carter, President of All Access Telecom said, “This funding provided by Thermo Credit will assist All Access Telecom to execute our immediate strategic growth plans. We feel that the Thermo Credit team will continue to play a significant role in our market share increase and network expansion for 2010 and beyond.”

The privately-held funding company extended the asset-based loan that will be used by Communications III to expand their network and for customer conversion. Ohio-based Communications III has been in the videoconferencing industry since its inception in 1984 and became a CLEC in 2003 with the acquisition of Communication Options, Incorporated.

Communications III President Scott Halliday commented, “We have searched long and hard to find a funding source who understands the goals of our business, appreciates what it will take to achieve them, and, most importantly, is willing to partner with us to get there. Thermo Credit has exceeded all of our expectations; we are thrilled to have found them.”

Phil Pedone, Thermo Credit’s Vice President of Sales, said, “It was a pleasure to work with Scott and his team whose responsiveness and firm understanding of their business really helped expedite the entire process. I feel certain our facility will provide Communications III with the required capital to bring the balance of their customers on-net resulting in increased margins and profitability.”

Thermo Credit, a funding company focused exclusively on opportunities within the communications industry, provided the asset based loan to assist ATSI with corporate growth. Seth Block, Executive Vice President of Thermo Credit commented, “We are very excited for the opportunity to be working with ATSI. They have demonstrated an ability to grow and prosper in the wholesale space over the last several years and we are certain that this facility will help them meet their aggressive growth plans.”

ATSI is a premier provider of global VoIP services based in San Antonio, TX. Antonio Estrada Jr., ATSI’s Senior VP of Finance commented, “We are thrilled to have secured this financing with Thermo Credit. This funding will facilitate our business expansion during our new fiscal year that commenced August 1. The credit facility allows us the flexibility to provide improved terms to credit worthy customers and assists us with the cash management required as our revenue and customer base increase.”

Located in North Carolina, Access Point is a nationally certified CLEC to large and medium sized businesses and offers Local and Long Distance services, as well as VoIP, Integrated, Internet and Managed Data services.

Phil Pedone, Thermo Credit’s Vice President of Sales commented, “We are excited to be working with a company and management team the caliber of Access Point.  I believe the facility we have put in place will allow them to take advantage of the tremendous growth opportunities their national certification has provided.”

Richard Brown, CEO of Access Point said, “Working with Thermo Credit to define a program that would meet Access Point’s capital needs today and well into the future has been a great pleasure.  They are extremely knowledgeable about the inner workings of the telecommunications industry and that made putting together a transaction much easier than with lenders outside the industry.  Thanks for a great job and an easy transition!”

In addition to a revamped design, the site boasts user-friendly navigation, as well as the latest on telecommunications industry events, conferences and trade shows. The site allows users to stay current on the latest financial transactions in the industry with up-to-date listings of mergers, acquisitions and fundings.

Along with Thermo Credit’s services and news, the redesigned site also offers ways to easily meet with Thermo Credit representatives in person throughout the country and provides pertinent referral program information for the company’s financial partners.

With over one hundred years of combined experience in telecommunications and financial services, Thermo Credit has drawn upon such expertise to provide clients with unique solutions tailored to their financial needs. This specialized knowledge provides for a financial partner with a thorough understanding of the client’s goals whether they are looking to expand their business, improve operations or fund an acquisition.

Seth Block, Executive Vice President of Thermo Credit commented, “We are humbled by this achievement. When we started the company in 2002, contrary to popular opinion, we had a lot of confidence in the telecommunications industry, and that confidence has never wavered.”

Thermo Credit targets established companies in every segment of the telecommunications market including Long Distance, VoIP, Triple Play, Wholesale, Wireless, Broadband, CLECs and Call Centers.