Broadband Services, Inc. Energizes Free Cash Flow with First Asset Management Services Suite for Cable.

Business Editors/High-Tech Writers

DENVER--(BUSINESS WIRE)--April 21, 2003

Broadband Services, Inc.(TM), an established provider of integrated technical products and services for the advanced communications industry, announced today a new focus on the deployment of Asset Management solutions dedicated to meeting the free cash flow needs of cable system operators.

The company, led by a management team of cable television and supply chain management experts, has developed a suite of enabling products and services that combine best-of-class Supply Chain thinking and technology with BSI's physical distribution infrastructure.

BSI's solution optimizes inventory, reducing the level of inventory-related investment, resulting in the near-term increase of free cash and an improvement of cash-to-cash cycles. Longer term, the solution delivers improvement in operating efficiencies, resulting in a reduction in ongoing operating costs.

BSI replaces traditional, budget-driven capital project material management with integrated, demand driven Supply Chain Management methodology, its MapVantage(TM) intelligent mapping processes and a nationwide warehousing and distribution network. Together, they provide cradle-to-grave visibility and control of both deployed and non-deployed assets for cable system operators.

"Time is of the essence: Today's financial markets are placing greater fiscal demands than ever on the cable industry," said Lew Solomon, founder and CEO of Broadband Services, Inc. "It's imperative that MSOs complement their top-line focus with bottom-line expertise. BSI has taken the lead in investing in the systems, the infrastructure and the expertise from within and beyond the cable industry to deliver the quick and substantial positive impact on bottom line and free cash flow that cable operators need right now."

"Cable's evolution from the system upgrade and rebuild era to an operating environment has been accompanied by a change in the way financial and operational performance is measured," said Mike Sparkman, founder and executive vice president of Broadband Services, Inc. "Depending on the size of the capital budget, an operator using BSI's proven information technology tools and established supply chain network to turn inventory 10 times instead of three could gain an improvement of $100 million dollars that would be applied to free cash flow."

BSI's Asset Management service combines the company's two core competencies - Supply Chain Management, and Intelligent Mapping and Data Warehousing -- into a comprehensive system that addresses all aspects of the inventory process.

The company identifies "pain points" and service provider wants and needs in the supply chain process, and sets clear, achievable objectives for improving supply chain performance. BSI creates a collaborative environment of integration and alignment between customer systems and processes and equipment suppliers and manufacturers.

Clients utilizing Supply Chain Management products and services can choose from a menu that includes: CPE Direct to Home Delivery Fulfillment; CPE Supply Chain Management; Project Supply Chain Management; and Maintenance and Installation Supply Chain Management.

MapVantage offers customers Design and Drafting services, Design-Related Field Work, Data Conversion, Geographic Information Systems (GIS) Design and Drafting, and Data Warehousing.

Based in Denver, BSI's Supply Chain Management operation works with clients throughout the pre-deployment phase, including Planning, Procurement, Fulfillment, Management and Warehousing of network elements. BSI delivers value to clients via Demand-Driven Purchasing, a world-class Logistics and Supply Chain System, an Integrated Supply Chain Network and Strategic Partnerships with vendors.

BSI's MapVantage unit, located in Sand Point, ID, utilizes GIS technology to track the location and status of deployed assets. Data from both operations is stored on best-of-class secure servers that enable flexible access for clients to information on every element in every system. In addition, data can be replicated on clients' own information systems.

At every level, clients benefit from Broadband Services' advanced enterprise resource planning and intelligent mapping tools. BSI provides customers with a common inventory management toolset at customer locations to augment or replace legacy systems, Web-based access to transactions and reports, and integration with the customer's project management and billing systems.

BSI's cable-specific "Control Tower" approach assures high levels of accountability through multiple activities, including: Demand Forecast Coordination and Aggregation; Inventory Planning and Deployment; Warehousing, Logistics and Vendor Managed Inventory Hosting; Order Management and Fulfillment Services; and Freight Management Services.

"One of our key attributes is the ability to offer cable operators a continuous tracking system," said Andy Paff, chief technical officer from Broadband Services. "In many cases, and in the case of consumer premises equipment in particular, assets move fluidly between the deployed and the non-deployed stages as customers move or change levels of service. Our combination of Supply Chain Management and MapVantage technology enables us to provide our clients with maximum visibility and control of every component in their systems."

About Broadband Services, Inc.

Broadband Services, Inc. (www.broadbandsvc.com) is the first outsourced Asset Management company dedicated to the needs of cable system operators.

The company uses proven Supply Chain Management and innovative intelligent mapping processes to enable clients to deploy and manage their most important assets, the products and technology within their networks, with documented capital and operating cost savings. Founded in 1999, Broadband Services, Inc. is headquartered in Highlands Ranch, CO.