|[January 11, 2013]
NTS Connects First Fiber Customer in Iowa Park, Texas
LUBBOCK, Texas --(Business Wire)--
NTS (News - Alert), Inc., f/k/a Xfone, Inc. (NYSE MKT/TASE: NTS) ("NTS" or "the
Company") announces that it has connected its first fiber customer in
Iowa Park, Texas further expanding the Company's "PRIDE"
fiber-to-the-premise Network ("FTTP").
NTS' ongoing fiber build out, when completed, is expected to reach 19
new communities, bringing the Company's total FTTP passings to
approximately 50,000. The Iowa Park expansion is being funded using a
portion of approximately $100 million in federal stimulus funding.
To date, NTS has established its fiber network in the towns of Lubbock,
Levelland, Smyer, Wolfforth, Littlefield, Burkburnett, Brownfield,
Whitharral, Slaton, Meadow, Wilson, Lamesa, Ropesville and Plainview,
Texas and has also launched its fiber network in select metro areas of
Wichita Falls. Additionally, the Company has begun construction of its
fiber network in the town of Hammond as well as other communities in
Mr. Guy Nissenson, Chairman, President and CEO of NTS commented, "We are
excited to have begun adding customers in our newest market, Iowa Park,
Texas. We continue to see strong adoption rates for our high speed
triple play offering in new markets, as customers recognize the value
and convenience of our high speed bandwidth. Consumers are increasingly
reliant on the internet; both in residential and business applications,
and the speed and accessibility of our network meets their expectations.
We look forward to bringing advanced broadband to more customers in Iowa
Park during the coming weeks."
here to view photo of our first customer in Iowa Park
About NTS, Inc.
NTS is a provider of high speed broadband services, including internet
access, digital cable TV programming and local and long distance
telephone service to residential and business customers in northern
Texas and southeastern Louisiana. NTS' Fiber-To-The-Premise (FTTP)
network provides one of the fastest internet connections available. The
Company currently has operations in Texas, Mississippi and Louisiana and
also serves customers in Arizona, Colorado, Kansas, New Mexico and
Oklahoma. For the Company's website, please visit: www.ntscom.com.
This press release contains forward-looking statements. The words or
phrases "would be," "will allow," "intends to," "will likely result,"
"are expected to," "will continue," "is anticipated," "estimate,"
"project," or similar expressions are intended to identify
"forward-looking statements." NTS' financial and operational results
reflected above should not be construed by any means as representative
of the current or future value of its common stock. All information set
forth in this news release, except historical and factual information,
represents forward-looking statements. This includes all statements
about the Company's plans, beliefs, estimates and expectations. These
statements are based on current estimates and projections, which involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements. These
risks and uncertainties include issues related to: rapidly changing
technology and evolving standards in the industries in which the Company
and its subsidiaries operate; the ability to obtain sufficient funding
to continue operations, maintain adequate cash flow, profitably exploit
new business, license and sign new agreements; the unpredictable nature
of consumer preferences; and other factors set forth in the Company's
most recently filed annual report and registration statement. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which reflect management's analysis only as of the date
hereof. The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise
after the date hereof. Readers should carefully review the risks and
uncertainties described in other documents that the Company files from
time to time with the U.S. Securities and Exchange Commission.
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