News on YDSLF
USVT Signs Agreement to Remarket Covad
Communications DSL
USVT Enters Pact with TelePacific Communications for SDSL
Services
MILL VALLEY, Calif.--(BUSINESS WIRE)--Jan. 6, 2000-- USV Telemanagement, Inc. (``USVT')
(OTCBB:YDSLF - news), announces it has entered an agreement with TelePacific Communications Inc. of Los
Angeles, Calif. to remarket Covad Communications Group, Inc. (Nasdaq:COVD - news) synchronous digital
subscriber line (SDSL) services in the company's major California markets.
``TelePacific Communications Inc. is a premier California based Competitive Local Exchange Carrier (CLEC) and we
are pleased to announce our relationship with them,' says company President Mark Smith. ``Our distribution network
of Interconnect distributors in California have a pent up demand for these services and we forecast that our revenues on
DSL based services for voice and data may exceed revenues for other dedicated services in a very short time frame.
With the credibility of Covad provisioned service behind this agreement we will be able to aggressively market a wide
range of products and services that DSL facilitates including ISP services.' All of the company's DSL offerings are
bundled with integrated Internet access.
``With this type of agreement we continue to improve the prospects of our going forward strategy for the public holding
company to metamorphose into a multifaceted holder of telecommunications and internet assets,' states Smith. ``We
have an opportunity to become a provider of internet content, Web services, and ISP, voice and data services under
the umbrella of the public company, perhaps not dissimilar from CMGI, Inc. (Nasdaq:CMGI - news) in some respects.
Most investors are aware of CMGI's history and the transition they made from a marketing entity into an Internet
incubator which strategy has resulted in a substantial increase in their shareholder value. Following on their model, assets
we may acquire could be synergistic to other owned businesses or may be market opportunity driven, however, any
merger, acquisition or disposition would be with shareholder value in mind.'
ABOUT USV TELEMANAGEMENT INC.
USVT, through its wholly-owned subsidiaries, USV Telemanagement, Inc. and USVT.Com Inc., sells
telecommunications, data, integrated T-1, Internet, 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 are Integrated Communications Providers (ICP) with more than 1,500
customers and 80 interconnect sales agents in California, Nevada and Oregon which sell their services through
telephone equipment sales or ``Interconnect' companies. Interconnect companies are unique among telephony
distributors as they maintain long term ties to their telephone equipment customers.
USVT's subsidiaries sell services under agreements with MCI WorldCom Inc. (Nasdaq:WCOM - news) and UUNET
(an MCI WorldCom company), IXC Communications Inc. (Nasdaq:IIXC - news), and TelePacific Communications,
Inc. under which it to remarkets Covad Communications Group, Inc. (Nasdaq:COVD - news) SDSL services.
The company is audited by KPMG LLP and is registered with the U.S. Securities and Exchange Commission under the
1934 Act. USVT trades on the U.S. Over the Counter Bulletin Board under the symbol ``YDSLF' and on the
Canadian Venture Exchange (CDNX) under the symbol ``UVT'.
For more information, visit us at invest@usvt.com or 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.
Contact:
USV Telemanagement Inc., Mill Valley
News Media:
Dale Paruk, 877/687-4500
or
Investors:
Investor Relations, 877/687-4500 |
