Volume 5, Number 2 – June 2009
 
Featured Articles
Cory Communications:  Named Top 25 in Southern New Jersey
Credit Markets Easing?  How will this affect Telecom?
The Vonage Story:  VOIP Giant Shrinks
Cory Communications Named to Industry Panel

Cory Communications:  Named Top 25 in Southern New Jersey

Cory Communications was named one of South Jersey’s top 25 fastest growing companies, for the second straight year.  Each year the winners of the South Jersey 25 are announced in the Philadelphia Business Journal as the finest entrepreneurial ventures in the eight Southern New Jersey counties.

This was a huge honor for us, to be sure.  But, there’s something more important.

We achieved our growth almost by accident.  And, growth came virtually in spite of our actions. 

Our first goal was, and always has been, to help you – our clients. During the recent economic downturn many of our clients told us they were hurting.  At Cory, we know there are many things businesses can do without, but communications is absolutely not one of them. 

  • We wanted to dig deeper for greater savings.
  • We renegotiated provider agreements to achieve lower costs.
  • Cory passed these savings onto you, our clients.
  • As a result, we lowered our own income in the process.

But, in so doing Cory’s clients could continue to leverage the explosive growth in telecommunications options – namely local and long distance telephone service, high-speed Internet, T-1, DSL, Voice over IP (VOIP), data services, Web conferencing and more.

At the end of the 2008, Cory was able to continue serving our customers, deliver savings, and achieve unexpected growth.    

It is our job to sift through the telecom alternatives and find the optimal match for our clients. 

That’s exactly what we did in 2008, and plan to continue well into the future. 

If you have questions about your telecom service, please call us at 1-877-489-8186 or send an email to info@corycommunications.com.

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Credit Markets Easing?  How will this affect Telecom?

Credit markets in the telecom industry have loosened for many key players and this is good news.

Cory has keenly watched the financial viability of our telecom partners, especially since the market turned steeply downward in September.

At that time even the most financially sound companies such as AT&T were challenged to sell short-term debt for longer than overnight.

As a result, the cash-strapped telecom industry resorted to cutting unnecessary expenses, trimming fat and implementing all means to remain competitive in an ever evolving, highly dynamic environment. 

Evaporating funding certainly hurt new product development and expansion plans for some of our vendors.  On the other hand, tightened budgets have created leaner organizations that are poised for strength and growth in the future:

Now, since November, Cory has watched as credit markets have begun to open up.  Verizon was able to borrow in November 2008, AT&T in January 2009, and Qwest, Level 3 and Frontier all in 2009.

The telecom industry is one of the initial industries where investors and lenders are starting  to provide much needed funding – for the most stable firms. 

What Cory expects as the markets thaw and we move out of the recession, is an industry comprised of firms more suited for long term growth introducing new products and services that continue to revolutionize how businesses communicate through voice and data.

If you have questions about your telecom service, please call us at 1-877-489-8186 or send an email to info@corycommunications.com.

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The Vonage Story:  VOIP Giant Shrinks

The company name Vonage and Voice over IP (VOIP) Service.  They’re almost synonymous for many of us who have followed the VOIP market.  Not so much any more.

In the early 2000’s Vonage Holding Corp’s VOIP client base grew rapidly.  Partly subscribers wanted to save money using the Internet for voice communications. Partly Vonage executed an excellent marketing campaign to promote its service.  

Vonage helped a whole new technology expand.  But, as VOIP technology continues to grow, Vonage’s VOIP business has not kept pace.

In January 2006 the company’s market share was nearly four times its next largest competitor1.  Then, about 15 months ago, Vonage began a market decline2.  Now, its subscriber base has actually shrunk.  A decline in subscribers at a time when consumers and businesses alike want to cut costs is significant.

Why has this happened?

It seems consumers and businesses have both begun to recognize that other VOIP providers can deliver services and quality and pricing not available through Vonage.  Truly, one size does not fit all. 

Vonage has its place in the VOIP market, but this firm cannot possibly meet all of the varied needs of today’s subscribers.

We at Cory have always advised our clients to make decisions based on their unique needs, and not on the popular media or on vendors everyone else is choosing.

That’s exactly the role we play at Cory: We learn about your business’ unique telecom needs and select the right telecom provider to meet them.

For VOIP service, Cory has mainly focused on business-quality providers.  We are interested in factors such as service delivery, voice clarity, transmission speed, price, the provider’s financial staying power, innovation, and growth.

Cory’s clients can be assured that our recommendation of a VOIP provider will be based on your unique circumstances and factors that matter to your business.

If you have questions about your telecom service or are interested in exploring VOIP for your business, please call us at 1-877-489-8186 or send an email to info@corycommunications.com.

 

1 Includes VoIP providers who actively promote their service as Internet telephony. It excludes cable companies who offer "digital phone" services since they are not promoted as VoIP.

2 Based on the ChangeWave Alliance Study.

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Cory Communications Named to Industry Panel

PHONE+ Magazine invited Cory Communications to participate in a March 2009 nationwide panel discussion.  Only six firms from across the country sat on the panel.  All panelists – including Jack Zoblin, president of Cory Communications – had nearly two decades experience in the telecom field.

The conversation addressed challenges and opportunities faced by firms like ours when helping our clients.  Two specific topics were:

  • How to keep abreast of all the new developments in the telecom market
  • How to best match clients’ needs with these products.

By participating on the panel with other industry peers and leaders, Cory Communications continues to stay up to date so that we can better serve you. 

We at Cory have always made it our business to be professionally active and to always read industry literature.  But, talking to others with deep experience was an opportunity no publication, trade show or conference could provide us.

“Talking to others in our same situation enabled us to share ideas and issues real time.  There are hundreds of firms like ours who could have been chosen.  I was honored to be one of the six on this panel, and truly believe our contributions will help all of us, even those who did not participate this time, better serve our business and consumer clients,” Jack said.

If you have questions about your telecom service, please call us at 1-877-489-8186 or send an email to info@corycommunications.com.

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Acknowledgement
Cory Communications, Inc. is a full-service telecommunications company based in Haddonfield, NJ. Founded in 2001 by Jack Zoblin, an industry veteran with over 19 years telecommunications experience, the firm provides a complete range of voice and data products to business clients in South Jersey and throughout the country.

For additional information, visit www.corycommunications.com, email Cory Communications at info@CoryCommunications.com or call toll free 877.489.8186.

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