News Releases

CornerStone Telephone Company Ranked as 11th Largest Telecommunications Firm in New York State on the 2010 Inc. 5000 With Three-Year Sales Growth of 68%

NEW YORK, Aug. 27 /PRNewswire/ -- Inc. Magazine today ranked CornerStone Telephone as the eleventh fastest listed telecommunications company in New York State and the 123rd largest in the US on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies.

(Logo:  http://photos.prnewswire.com/prnh/20100817/INC5000LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20100817/INC5000LOGO)

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

CornerStone was ranked NO. 3037 overall.

"This is our third year being included on the Inc. 5000 list," said Dan Yamin, CEO of CornerStone Telephone Company.  "We attribute our continued growth to our focus on the SMB sector, providing leading-edge communication technologies to their businesses, while continuing our mission to provide the best in customer support and service while still offering competitive rates."

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.

About CornerStone Telephone Company

CornerStone Telephone Company is an integrated communications provider specializing in services for business customers.  The company provides its customers with the highest level of customer support while offering competitive service rates.  CornerStone has over 50,000 access lines, providing local and long distance telephone service, high-speed Internet access, VoIP, security services, cloud computing and business telephone systems.  The company services customers in New York, Massachusetts and Pennsylvania.

Established in 2001, CornerStone has over 95 employees and 13,000 customers.  The company is headquartered in Troy, N.Y. with offices in Syracuse, Oneonta, Buffalo, New York City, Poughkeepsie, Richmond, Massachusetts, and was voted fastest growing mid-size company and one of the Best Places to Work in the New York State Capital Region in 2007 and 2008.  For more information, visit www.cornerstonetelephone.com.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

SOURCE CornerStone Telephone Company

For further information: Amanda Wheeler of CornerStone Telephone Company, +1-518-268-1787, awheeler@cstel.com