MALVERN, PA -- City Signal Communications (CSC), delivering flexible metropolitan dark fiber networks in key Mid-Atlantic and Mid-West markets of the United States, today announced that it has closed a $17 million third-round equity investment, led by MC Venture Partners and included additional investment by BB&T Capital Partners. As a result of the equity investment, CSC plans to complete construction of its networks in Philadelphia, PA, Cleveland, OH and Columbus, OH, and further expand its staff and utilize the funds for general corporate use. "We are extremely pleased with the quality of sponsorship we have received from two well established investment houses," stated CSC's President and CEO, John Foley. "Closing this third round of funding, in the current difficult economic environment, was a critical step in moving the business forward. This equity investment provides the opportunity to dramatically expand our business and expedite the rollout of our dark fiber networks." As a result of this round of financing, Gillis Cashman, Associate of M/C Venture Partners, has joined James Wade, Managing General Partner of M/C Venture Partners on CSC's Board of Directors. City Signal Communications Inc. M/C Venture Partners