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Al America Holdings Inc history
Al America Holdings Inc company history timeline
Vulcan Materials Company acquires Florida Rock Industries, Inc., which was originally founded in 1929 by Thompson S. Baker.
Birmingham Slag remains profitable under the Ireland’s leadership until 1932, when the world economy is affected by the Great Depression.
Public Company Incorporated: 1989 as Tel-Save Inc.
With the Federal Communications Commission (FCC) considering rewriting the regulations governing the telecommunications industry in 1996, Tel-Save sought to position itself as a viable competitive enterprise in case the equal access rule was eliminated.
In 1998, the company changed its name to Tel-Save.com, Inc. and named Gabriel Battista as chairman, chief executive officer, and president.
In October 1999, Talk.com said it would also begin providing local phone service to small and medium-sized businesses nationwide.
With the acquisition of Access One, which posted 1999 revenues of $50 million, Talk.com would get 55,000 local-service customers in Bell South territory, as well as have the capacity to offer local service to its already 300,000 long-distance customers in the region.
"California Commission to Investigate Phone Firm for 'Slamming,' " Knight Ridder/Tribune Business News , August 21, 2001.
Talk America also has grown through using the Internet as its principal marketing tool, attributing much of its subscriber base to a former promotional marketing agreement with America Online, Inc., which was terminated in 2001.
By August 2002, however, Talk America was turning a surprise profit at a time when other telecommunications firms were going bankrupt.
The company already had 244,000 lines by the end of the second quarter of 2002 with plans to have eventually two to four million in service.
By pushing out 95 percent of its immediate debt obligations to the year 2007 and negotiating a restructuring deal with MCG Finance Corp. and its largest shareholder and creditor, AOL Time Warner Inc., Talk America managed to show a profit amidst the greater telecommunications collapse.
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