USVT Introduces Updated National SDSL Plan; SDSL Service Specifically Designed for Business Customers of Niche Market Distributors.Business Editors/High-Tech Writers MILL VALLEY, Calif.--(BUSINESS WIRE)--Mar. 1, 2000 USV Telemanagement, Inc. ("USVT"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of USV Telemanagement Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:YDSLF), announced it has introduced a new national Synchronous Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (SDSL See DSL. SDSL - Single-line Digital Subscriber Line ) service targeted to attract the customer bases of niche market distributors. "Our new national SDSL service is specifically designed to appeal to the business customers of interconnect companies and other niche market distributors," said company President Mark Smith. "As it is simple and easy to sell, the product should also fill the demand of Exstream Data and other providers of Internet services." "We estimate that we now have access to in excess of 100,000 prospective business customers through a combination of our interconnect distribution channel, Exstream Data, and Stellar Net," continued Smith. "With SDSL being so new to the market it is highly probable that few of these potential customers have SDSL service today. As such, we hope to capture a measurable portion of their business. "Moreover, when you factor in the value added services we can now provide through Exstream Data the opportunity may be multiplied commensurately. The prospects for company wide revenue growth are better than at any time in the past." About USV Telemanagement, Inc. USVT, through its wholly-owned Integrated Communications Providers (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) subsidiaries, USV Telemanagement, Inc. and USVT.Com Inc., sells telecommunication, data, integrated T-1, Internet, Synchronous Digital Subscriber Line and other integrated access and broadband services to commercial customers. USV Telemanagement, Inc. is a certified Competitive Local Exchange Carrier in the state of California. USVT's subsidiaries sell services through telephone equipment sales or "Interconnect" companies and other niche market distributors. USVT's ICP subsidiaries sell services under agreements with MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom Inc. (Nasdaq:WCOM WCOM MCI/Worldcom (stock symbol) WCOM Windows Component Object Model WCOM Wireless Communication ), UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for (an MCI WorldCom company), TelePacific Communications, Inc. and DSLSolutions, Inc. Underlying services are provided by MCI WorldCom, UUNET, Covad Communications Group, Inc. (Nasdaq:COVD), SBC Communications Inc.'s (NYSE NYSE See: New York Stock Exchange :SBC) Pacific Bell subsidiary, Rhythms NetConnections, Inc. (Nasdaq:RTHM), and NorthPoint Communications Group, Inc. (Nasdaq:NPNT). USVT has entered into an agreement to acquire Exstream Data, Inc. a privately held provider of e-document and other electronic document delivery services. Exstream Data's website can be found at www.exdata.com. The company is audited by KPMG LLP and is registered with the U.S. Securities and Exchange Commission under the 1934 Act. The company's SEC filings can be found on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.SEDAR.com. USVT trades on the U.S. N.A.S.D. Over the Counter Bulletin Board under the symbol "YDSLF." For more information visit the Company's web site at www.usvt.com. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Such forward looking statements, particularly as related to the business plans of the Company, expectations of strategic relationships, business opportunities, acquisitions of capital equipment, availability of investment capital and future financing, and the Company's ability to gain market share, are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the Company's expectations and estimates. |
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