Global Capacity, www.globalcapacity.com – the provider of unprecedented transparency in the worldwide access network market as a telecom information specialist and logistics company with a unique advantage (in that it can leverage a special collection of global telecom supply and pricing data), announced the start of a formal balance sheet and capitalization restructuring process today.

This move will enable CGSY to become an even more competitive and profitable system with an improved market position through the organization of debt and past due payables, resulting in a much stronger balance sheet which will serve as an engine for organic growth and greater capacity for innovation.

CEO of CGSY, Patrick Shutt, reaffirmed the Company’s recent commitments to making the balance sheet rock-solid and the center of attention, noting that particular emphasis would be directed toward convertible debentures, senior debt and especially trade payables that are just sitting on the sheet.

Shutt dedicated himself and the volume of CGSY’s energies to ameliorating any remaining concerns on the part of customers or suppliers as to the position of the Company, citing the restructuring as a “course of last resort” undertaken in order to triumph over this lagging issue and prove that the core model is growth-ready with a good foundation.

Securing a capital infusion commitment (debtor in possession or DIP financing, required within Chapter 11 of the US Bankruptcy Code), CGSY will apply the funds to the immediate satisfaction of payables to critical vendors and to offset the monthly cash drain of debt servicing.

With a plan to maximize value for both shareholders and creditors alike, with the ultimate objective of achieving one form or another of continued participation from existing shareholders, the Company has retained established firm Capstone Investments as financial advisor (also handling all inquiries regarding the restructuring process at 312-878-4888).

The Company projects no interruption of delivery of services during the process, and the entire architecture – from suppliers to the CGSY team itself – will continue to operate as usual.

The DIP financing schema employed for the process was chosen to ensure stable supplier services on a current basis during the process, and the plan has a detailed solution for satisfying past due obligations to critical suppliers, which once resolved, along with debt, will allow CGSY to emerge as a profitable company with an organic growth profile.

As a well known provider of software optimization and network solutions to integrator’s telecoms and enterprise class implementations, the Chicago-based CGSY has operational centers in both the US and Europe, and is planning to hit the ground running after the restructuring process is complete.