CCI Announces Intent to Purchase Back CCI Shares

SAN ANTONIO, Nov. 22, 2010 /PRNewswire-FirstCall/ -- Competitive Companies Inc. (CCI) (OTC Bulletin Board: CCOP) announced today that it has developed a Stock Re-Purchase Program utilizing an institutional brokerage trading account to begin purchasing back its shares on the open market. The account has been set up under Innovation Capital Management LLC, a wholly owned subsidiary of CCI. The purchases will be made in compliance with SEC Rule 10b-18 under the Securities Exchange Act of 1934 (Exchange Act), as amended, which provides issuers with a "safe harbor" from liability for manipulation when they repurchase their common stock in the market in accordance with the Rule's manner, timing, price, and volume conditions.

The CCI Stock repurchase program will work in conjunction with the recent negotiation of the Company's Equity Line Financing Facility with Dutchess Opportunity Cayman Fund, Ltd for $10M. This facility will allow CCI to draw down on a weekly basis according to a ratio of stock price and volume. "We are very excited about our capability to participate and strengthen low side selling of CCI shares. This will affect a number of positive dynamics involving our equity line and future acquisition modeling said William Gray."

About Competitive Companies, Inc.

Competitive Companies, Inc. (CCI) is a Nevada Corporation with offices in San Antonio, Texas, Eau Clair, Wisconsin and Scottsdale, Arizona.  The Company began operations in 1998 to provide telecommunication services including data, voice and video to multiple dwelling units (MDU's) in tier one markets. As Congress passed "open access" legislation, larger capitalized organizations made it difficult for the Company to compete in that market. Thus, CCI refocused on rural communities nationwide to build and finance wired and wireless data and voice applications through a unique entity known as the "Broadband Innovation Fund".  Additionally, the Company continually evaluates new products for rural markets based on technology convergence and customer demand.  These new services include a variety of bundled wireless IP applications for rural residence, business, and government consumers.  CCI has assembled a strong management team with extensive communications industry, financial, and business management experience. For more information on the Company, please visit http://www.cci-us.com/.

Forward-Looking Statements:

This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.

SOURCE Competitive Companies Inc.

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