In 1991, a group of established professionals from the communications industry founded Loop Telecom. These industry leaders, with decades of experience and years of service at Alcatel, Verizon, British Telecom, Tellabs and AT&T, realized the largely untapped engineering and production capabilities of Taiwan. Just ten years after founding, with its Western-style engineering and management, Loop Telecom met the earnings, market, and product diversity requirements to go public with its IPO. It is currently traded on the Taiwan Stock Exchange Corp., or TSEC (3025). After finding success in its initial market coverage of just a few countries, including the United States, Russia, China and Taiwan, Loop Telecom has expanded its market outreach to over 70 countries around the world. Sales offices are found in Taiwan, China, Belgium, and the United States, with plans to open offices in South America and Africa.