الفال 111
16-01-2003, Thu 8:22 PM
USURF America Signs Definitive Agreement to Acquire Competitive Local Exchange Carrier
PR Newswire - January 16, 2003 09:03
Voice Capability Allows Company to Bundle Complete Line of Communications Services
DENVER, Jan. 16 /PRNewswire-FirstCall/ -- USURF America, Inc. (Amex: UAX), the developer of Quick-Cell(TM), a family of Wi-Fi standard broadband fixed-wireless high-speed Internet access products, announced today that it has signed a definitive agreement to acquire 100% of DMJ Communications, Inc., a competitive local exchange carrier (CLEC) licensed in Colorado, for cash and USURF stock. A closing of the acquisition is scheduled for later this month and USURF management sees no impediment to the completion of the acquisition.
With the acquisition of DMJ, a small facilities-based CLEC that provides local and long-distance telephone service to approximately 100 customers throughout Colorado, USURF is now capable of providing end-to-end broadband services. USURF had been actively seeking to acquire a CLEC since last fall, as the MDU properties USURF currently has under contract for video and/or voice service have expressed high interest in having its communications provider being able to offer bundled communications services to their tenants.
USURF intends to focus the marketing efforts of its voice service on the MDU properties currently under contract and underserved areas in which it already markets its video and data services. The acquired voice customers average $40.00 per month in local and long distance charges.
"By acquiring DMJ, we have achieved a most important milestone: with DMJ's voice services, we now will have the ability to offer a complete array of communications products, that is, voice, video and data services, to our customers," said Ken Upcraft, executive vice president for USURF.
About USURF America, Inc.
The Company's proprietary Quick-Cell(TM) technology is one of the most flexible fixed-wireless Internet access solutions on the market, and features "always-on" access to the Internet. Its Quick-Cell(TM) equipment meets all Wi-Fi 802.11(x) standards and utilizes unlicensed 2.4 and 5.8GHz 802.11b spectrum, and can be deployed far less expensively than other wireline and cable technologies. For more information about USURF America, please visit the Company's Web site at www.usurf.com .
Forward-Looking Statements
Some information in this release is forward looking. These forward- looking statements may be affected by the risks and uncertainties in USURF America's business. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of USURF America's Securities and Exchange Commission filings. USURF America wishes to caution readers that certain important factors may have affected and could in the future affect its actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of USURF America. There are many factors that will determine whether USURF America will be successful in its Quick-Cell(TM) endeavors, including, without limitation, access to adequate capital, consumer acceptance of the Quick-Cell wireless Internet access products and the ability of USURF America and its business partners to provide timely customer installation services. USURF America undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
For further information please contact Jim Mills of J.F. Mills/Worldwide, +1-303-639-6186, for USURF America, Inc.; or Ken Upcraft of USURF America, Inc., +1-719-650-2318.
SOURCE USURF America, Inc.
/CONTACT: Jim Mills of J.F. Mills/Worldwide, +1-303-639-6186, for USURF
America, Inc.; or Ken Upcraft of USURF America, Inc., +1-719-650-2318/
/Web site: http://www.usurf.com /
(UAX)
PR Newswire - January 16, 2003 09:03
Voice Capability Allows Company to Bundle Complete Line of Communications Services
DENVER, Jan. 16 /PRNewswire-FirstCall/ -- USURF America, Inc. (Amex: UAX), the developer of Quick-Cell(TM), a family of Wi-Fi standard broadband fixed-wireless high-speed Internet access products, announced today that it has signed a definitive agreement to acquire 100% of DMJ Communications, Inc., a competitive local exchange carrier (CLEC) licensed in Colorado, for cash and USURF stock. A closing of the acquisition is scheduled for later this month and USURF management sees no impediment to the completion of the acquisition.
With the acquisition of DMJ, a small facilities-based CLEC that provides local and long-distance telephone service to approximately 100 customers throughout Colorado, USURF is now capable of providing end-to-end broadband services. USURF had been actively seeking to acquire a CLEC since last fall, as the MDU properties USURF currently has under contract for video and/or voice service have expressed high interest in having its communications provider being able to offer bundled communications services to their tenants.
USURF intends to focus the marketing efforts of its voice service on the MDU properties currently under contract and underserved areas in which it already markets its video and data services. The acquired voice customers average $40.00 per month in local and long distance charges.
"By acquiring DMJ, we have achieved a most important milestone: with DMJ's voice services, we now will have the ability to offer a complete array of communications products, that is, voice, video and data services, to our customers," said Ken Upcraft, executive vice president for USURF.
About USURF America, Inc.
The Company's proprietary Quick-Cell(TM) technology is one of the most flexible fixed-wireless Internet access solutions on the market, and features "always-on" access to the Internet. Its Quick-Cell(TM) equipment meets all Wi-Fi 802.11(x) standards and utilizes unlicensed 2.4 and 5.8GHz 802.11b spectrum, and can be deployed far less expensively than other wireline and cable technologies. For more information about USURF America, please visit the Company's Web site at www.usurf.com .
Forward-Looking Statements
Some information in this release is forward looking. These forward- looking statements may be affected by the risks and uncertainties in USURF America's business. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of USURF America's Securities and Exchange Commission filings. USURF America wishes to caution readers that certain important factors may have affected and could in the future affect its actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of USURF America. There are many factors that will determine whether USURF America will be successful in its Quick-Cell(TM) endeavors, including, without limitation, access to adequate capital, consumer acceptance of the Quick-Cell wireless Internet access products and the ability of USURF America and its business partners to provide timely customer installation services. USURF America undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
For further information please contact Jim Mills of J.F. Mills/Worldwide, +1-303-639-6186, for USURF America, Inc.; or Ken Upcraft of USURF America, Inc., +1-719-650-2318.
SOURCE USURF America, Inc.
/CONTACT: Jim Mills of J.F. Mills/Worldwide, +1-303-639-6186, for USURF
America, Inc.; or Ken Upcraft of USURF America, Inc., +1-719-650-2318/
/Web site: http://www.usurf.com /
(UAX)