Wednesday 24th April 2019,
Centre County Business

Few Things You Must Know About Peter Loftin

Few Things You Must Know About Peter Loftin

Peter Loftin, also known as Peter.T.Loftin is a famous telecom entrepreneur. At the age of 25, he started BTI or Business Telecom Inc., the Raleigh, NC based company. This company used to sell portable telephones. Being the owner of BTI, Loftin initiated flat-rate pricing in the area of telecommunication for all the long-distance communications with the target of expanding this business as a leading one. Therefore this organization was developed up to one multimillion dollar one. Then this organization was eventually merged with Deltacom.

BTI or Business Telecom Inc. is established in the year 1983 and after 10 years, New Paradigm Resources, the self-governing research group graded it among the seventh nationally competitive local exchange carriers. Along with that, this organization was counted on as one of the top fifteen telecommunication businesses in the USA with around 60,000 clients and 600 employees.

His achievements

In the year 1997, BTI made a donation of $3.1 million to the Raleigh’s Performing Arts Center. This was the biggest amount of private donation made to this center and Peter Loftin was mainly interested to fund the program. Therefore, this program was named as the BTI Center for the Performing Arts.

As a result, Peter was awarded by the Business North Carolina Magazine as the “North Carolina Entrepreneur of the Year”. Besides, he and BTI were offered the “Corporate Citizen of the Year Award”, for offering free internet services to all the disabled students of the rural schools in different areas of North Carolina. Apart from that, he also got recognition for all his contributions from James B. Hunt, the then governor of North Carolina. Since 1998, Peter Loftin is an active member of the famous Mar A. Lago Club situated in Palm Beach Florida.

He sold a percentage of BTI in the year 2000 and purchased Casa Casuarina as a part of his involvement in arts. After purchasing Casa Casuarina, he re-established it and then changed it into one boutique hotel and into a high-end club along with a luxurious residential property.

The scope…

After that in 2016, Peter Loftin set up the biggest whiskey distillery namely Bardstown Bourbon in the United States. It is actually the first of kind collaborative whiskey, Bourbon and Rye distilled program located in Bardstown, Kentucky. Besides, it is also the first bourbon company located in Kentucky in the past 100 years. Due to the immense popularity of this distillery, at that year, the constellation brand asked for some minority stake in that company.

Apart from the above-mentioned ones, Loftin also made some other contributions to this society:

Loftin established the GlobeSecNine, which is now known as the Torch Hill Investment Partners. Besides, he also set up CM3 group, which works as the counter-terrorism security consulting firm with several years of experience and a great background. This company mainly offers consultation and develops counter-tourism for the Port of Los Angeles on the basis of the multiyear contract while working along with the local, state and federal intelligence and law enforcement agencies. There he trained ports in the measures of anti-terrorism.

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