Big News!
Monday March 13, 6:00 am Eastern Time
Company Press Release
SOURCE: USV Telemanagement Inc.
USV Telemangement Applies for NASDAQ
Listing
MILL VALLEY, Calif., March 13, 2000 (PRIMEZONE) -- USV Telemanagmenet Inc. (OTCBB:YDSLF - news),
announced today that it has applied to the NASDAQ Stock Market with respect to a listing.
``This listing application represents a major step in support of our acquisition strategy and evidences our desire to
unlock shareholder value,' said Mark Smith, President of USV Telemanagement Inc. ``We believe that a NASDAQ
listing should open up the Company to an even wider investor base and command more esteem from financing sources
and acquisition candidates. Since listing on the OTCBB in September 1999, the company has increased substantially
the audience for its securities as corroborated by its monthly trading volume. We are pleased that in a six-month time
frame we have progressed from an initial listing on the OTCBB to being in a position to apply for NASDAQ.
``The price of our stock has risen as much as 1,400% since our listing on the OTCBB,' stated Smith. ``When we
look at comparable valuations for NASDAQ listed companies in the broadband, DSL, e-document, e-marketing and
e-solutions businesses, any of which we might be compared to, our current market cap revenue multiple of a just
under 8 times leads us to believe that there is unrealized value in our stock. We believe that a NASDAQ listing should
help us to realize our potential with respect to comparable valuations.
``Our pending acquisition of Exstream Data and other recent steps are designed to widen the audience for our
securities and our underlying services,' concluded Smith. ``A NASDAQ listing can similarly expand awareness of our
public company and its subsidiary's services.'
ABOUT USV TELEMANGEMENT INC. USVT, through its wholly owned Integrated Communications Provider
(ICP) subsidiary, USV Telemanagment, Inc., sells telecommunication, data, integrated T-1, Internet, Synchronuous
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. The ICP subsidiary
sells services through telephone equipment sales or ``Interconnect' companies and other niche market distributors.
USVT's subsidiary sells services under agreements with MCI WorldCom Inc. (Nasdaq:WCOM - news), UUNET
(an MCI WorldCom company), TelePacific Communications, Inc. and DSLSolutions, Inc. Underlying services are
provided by MCI WorldCom, UUNET, Covad Communications Group, Inc. (Nasdaq:COVD - news), SBC
Communications Inc. (NYSE:SBC - news), Rhythms NetConnections, Inc. (Nasdaq:RTHM - news), NorthPoint
Communications Group, Inc. (Nasdaq:NPNT - news).
USVT has entered into an agreement to acquire Exstream Data, Inc., a leading provider of e-document, e-business
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 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 our 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
further 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.
CONTACT: USV Telemanagement Inc.
News Media and Investor Relations:
Dale Paruk
877-687-4500
SOURCE: USV Telemanagement Inc. |
