Arguss Communications Selected to Expand New England's Broadband Network.Business Editors/Hi-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 19, 2001 Arguss Communications, Inc., (NYSE NYSE See: New York Stock Exchange :ACX ACX Available Chemicals Exchange ACX Advanced Combat Experimental ACX Asynchronous Cross Connect ) a leading builder of the nation's communications infrastructure, is working with a new sense of urgency to bring broadband access See broadband and wireless broadband. to New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. homes. Arguss is extending its relationships with many of the leading Cable TV companies, including Adelphia Communications, Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. and MetroCast to help build the critical mass of high-speed Internet See broadband. connections needed to spur the growth of new broadband applications. Arguss has recently been selected by these companies to provide construction services for the plant upgrade of more than 6,000 miles in the New England region. The projects will extend through 2002 and are expected to generate approximately $60 million in revenue. "We are delighted that these companies are selecting Arguss Communications to do much of their work in the New England Region. Despite a slowdown in the overall economy, these companies are demonstrating a commitment to upgrading their infrastructure which will enable them to provide customers with advanced services," said Rainer Bosselmann. "Companies like Adelphia, Charter, and Metrocast are investing in the `last mile' because they realize that a critical mass of customers with broadband access will be the catalyst for new services," concluded Mr. Bosselmann. "They recognize that once such a critical mass is reached, the development of new applications that rely on broadband will accelerate." Arguss provides infrastructure services for the leading cable and telecommunications companies. Services include project management, design, engineering, construction, and maintenance of aerial, underground, wireless and premise facilities. Arguss serves a broad customer base throughout the United States. The Company's customers include AT&T Broadband, Adelphia Communications, Charter Communications, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner, and Metrocast. Further information is available on the company's Web site at www.arguss.net. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. |
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