XO Holdings (OTC:XOHO) Subsidiary Awarded Contract from US Postal Service

XO Communications, a subsidiary of XO Holdings (OTC:XOHO), today announced that it has been awarded a six-year contract with the expected potential revenue of $45 million to provide managed network services to United States Postal Service facilities under the Telecom Integrated Postal Network (TIPN) contract. As I write, shares of XO Holdings were up slightly at $0.72 per share on light volume. XO Holdings has a market cap of $131 million and a 52-week range between $0.57 and $0.81 per share.

Under the terms of the multi-vendor agreement, XO Communications will provide managed network services, including design and engineering, onsite installation, router management, and managed MPLS IP-VPN services to more than 1,400 U.S. Postal Service facilities.

"We are very pleased to have been selected to help the Postal Service achieve its network performance and optimization goals," said Dan Wagner, president of XO Business Services at XO Communications. "This agreement is a great testament to the high-quality managed solutions XO Communications provides over its extensive North American network."

The U.S. Postal Service continues to face increased network traffic demands from the deployment of more bandwidth intensive, next-generation applications across its network. XO MPLS IP-VPN provides a secure, intelligent and managed network solution for federal agencies to connect operations, converge voice, video and data communications, and prioritize Internet, intranet, extranet, voice, video and mission-critical applications -- all over a single, high performance application-aware IP network.

XO Communications is a nationwide provider of advanced broadband communications services and solutions for businesses, enterprises, government, carriers and service providers. Utilizing its combination of high-capacity nationwide and metro networks and broadband wireless capabilities, XO Communications offers customers a broad range of managed voice, data and IP services with proven performance, scalability and value in more than 75 metropolitan markets across the United States.

For more information, visit www.xo.com.

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