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Politico: Rick Scott’s company touted stimulus cash

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From Politico: A telecommunications company owned in part by Florida gubernatorial candidate Rick Scott — an outspoken foe of the federal stimulus — has boasted of winning more than $60 million in stimulus grants and Department of Agriculture loans to develop high-speed Internet infrastructure.

In a March 2010 press release, XFONE, Inc. President and CEO Guy Nissenson wrote to investors, “As most of you know, Xfone has been focused on growing its Fiber-To-The-Premise (FTTP) business over the past two years, given the sizable opportunity to bring broadband to secondary and rural markets in the U.S. This strategy took a huge leap forward recently with the notification that our wholly owned subsidiary PRIDE Network had been awarded $63.6 million in stimulus grants and long-term loans from the U.S. Department of Agriculture (USDA).” A company monitoring report filed with the SEC in 2009 describes Nissenson, a founding partner, as one of two “controlling shareholders” and Scott as one of two “other major shareholders.” [As of October 2008, Scott owned 10 percent of the company.] Keep reading here.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.

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