W.G. Nielsen & Co. Financial Advisor to CornerStone Telephone Company, LLC

February 4, 2016

W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, CO, announced today that it acted as financial advisor to CornerStone Telephone Company, LLC in connection with the sale of its assets to X5 Solutions, a portfolio company of NewSpring Capital. Terms of the transaction were not disclosed.

About CornerStone Telephone Company, LLC

CornerStone Telephone, based in Troy, NY, provides local and long distance phone service, high-speed Internet access, VoIP, cloud computing and data center services to business customers principally throughout the northeastern United States.

About W.G. Nielsen & Co.

W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co., an independently owned, FINRA investment banking firm, offers clients innovative financing solutions. The firm enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the firm's inception in 1996, W.G. Nielsen & Co. professionals have completed transactions valued in excess of $4 billion.

For more information on the transaction, please contact Ray Hernandez, 303.830.1515, or visit www.wgnielsen.com.

Posted 02/4/2016 Denver, CO

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