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Community Networks are the Winners in Grimsby and Universe2U Hydro Deal; Our Business Strategy of Turn-Key Solutions Will Continue.


Business Editors/Hi Tech Writers

RICHMOND HILL Richmond Hill may refer to:

Places:
Canada
  • Richmond Hill, Ontario
  • Richmond Hill (electoral district), a Federal constituency
United Kingdom
, Ontario--(BUSINESS WIRE)--Jan. 10, 2001

Universe2U (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:UTOU) Universe2U Inc. has signed a strategic agreement with Grimsby Hydro Inc. whereby Universe2U will become their partner of choice in the design, development and building of a community networks to ensure that residents and companies within the Grimsby Hydro Inc. catchment area catchment area or drainage basin, area drained by a stream or other body of water. The limits of a given catchment area are the heights of land—often called drainage divides, or watersheds—separating it from neighboring drainage  have access to the most advanced telecommunications services In telecommunication, the term telecommunications service has the following meanings:

1. Any service provided by a telecommunication provider.

2.
 available to municipal authorities.

"We believe that the Universe2U business model strongly supports Community Networking. This concept is so important for economic development where immediate access to information is key to being competitive. The Universe2U SmartCommunities concept enhances public service through improved telecommunication services to municipal government, health care, agriculture and education. We know that the Universe2U model is in harmony with this philosophy to partner with public organizations in communities like ours to bring high-speed fiber technologies at an affordable price. These are services that business and public sectors require desperately but that have been either out of reach or unavailable in our community until now," says Mr. Brian Weber, President of West Niagara Telecom, a division of Grimsby Hydro Inc.

"Universe2U is committed to assisting Grimsby Hydro Inc. in their efforts through West Niagara Telecom to provide fiber-optic solutions and technology to other communities in the Niagara Region," said Kim Allen Kim (Bryant) Allen (born April 5, 1953 in Fontana, CA) is a former Major League Baseball player. After attending University of California, Riverside and a nondescript minor league career, Allen briefly earned prospect status with the Seattle Mariners on the strength of his , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Universe2U. Our experience working with municipal, regional, provincial and state governments across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET.  and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  bodes well in our efforts to bring fiber-optic solutions through "SmartLinks," "SmartCommunities" and "SmartBuildings." Our vision is to provide the very best solutions for the communities we serve and to provide the right business model to ensure long-term sustainability," Allen continues.

"Universe2U is assisting Grimsby Hydro Inc. to build a first class network," Mr. Weber stated, "they will bring not only a unique and appropriate business model but engineering, design, construction, marketing and consultation in every aspect of infrastructure and financial consideration. In short, Universe2U will provide a turn-key solution."

Universe2U will provide services to West Niagara Telecom in a phased approach, working with Grimsby Hydro Inc. through the planning communication and implementation phases to ensure that synergies between Grimsby Hydro Inc. and other communities in the Niagara region are realized.

About Universe2U Inc.

Universe2U (www.universe2u.com) provides electronic connectivity solutions to communities, communications carriers, building owners, and corporate and government customers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The company is a facilities-based provider of advanced fiber optic and "managed broadband" solutions. Universe2U is comprised of seven operating subsidiaries focused on engineering and design, infrastructure installation and maintenance, marketing services, and network services.

Universe2U expects to pursue a two-prong business strategy: to design and build fiber optic networks and market telecommunication services for major telephone and cable television companies; and to be a pioneer in developing infostructure "SmartCommunities" networks in partnership with local governments, "SmartBuildings" networks in partnership with institutions and businesses, and "SmartLinks" in partnership with right-of-way owners.

Forward Looking Statement

Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" for purposes of the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," "estimates," "expect," and similar expressions. The company cautions readers that forward-looking statements, including without limitation, those relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for a presentation of the risks and uncertainties that may affect the company's business and results of operations.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 10, 2001
Words:624
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