sw, DSL is really really really really really HOT!!
Thursday February 3, 7:01 am Eastern Time
Company Press Release
USV Telemanagement Inc. Initiated a `Buy'
Recommendation
The National Capital Companies Initiates Coverage of YDSLF
MILL VALLEY, Calif.--(BUSINESS WIRE)--Feb. 3, 2000-- USV Telemanagement, Inc. (OTCBB:YDSLF -
news), announces that The National Capital Companies, Irvine, California has initiated coverage of the company
with a ``Buy' rating.
Accompanying the recommendation is a research report which will be distributed to the institutional and retail
clientele of The National Capital Companies. USV Telemanagement will release the full text of the report to the
public on Wednesday February 9.
Highlights of the report include:
`We are initiating a BUY recommendation for USV Telemanagement Inc. The Company has established itself as a
strong regional player in delivering broadband (DSL) communications solutions, including high speed Internet
access, data, voice and video services to a wide spectrum of business customers.'
`USV has a solid growth strategy in place, consisting of expanding its breadth of services and product offerings
(economies of scope) and expanding its geographic reach with its current product offering.'
`As a subset to geographic and product expansion, the Company plans to expand its breadth of products and
services through procurement of resources or synergistic assets by acquisition, incubation, or other possible means.
In line with this thinking, USV's strategy is to transform itself into a holding company of a broad array of cutting
edge telecommunications and Internet technology. One of the Company's primary strengths is that it has a
ready-made audience (similar to the phone companies) for additional products and services, as it currently has a
foothold in the small business arena. These services could run the IT spectrum and include complete network
integration, and Web design and hosting.'
William H. Smith, advisor to the Company on M&A and capital markets adds, ``The company should pleased with
the analysis supporting this Buy recommendation. Coverage of this kind often attracts institutional interest and offers
confirmation of the company's strategy of acquisition or merger to obtain market synergies and scope'.
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 whom sell the company's 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),
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.'s (NYSE:SBC - news) Pacific Bell subsidiary, Covad Communications Group,
Inc. (NASDAQ:COVD - news), Rhythms NetConnections, Inc. (NASDAQ:RTHM - news), NorthPoint
Communications Group, Inc. (NASDAQ:NPNT - news) and TelePacific Communications, Inc.
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. Over the Counter Bulletin Board under the symbol ``YDSLF'.
For more information visit our web site at usvt.com
ABOUT THE NATIONAL CAPITAL COMPANIES
The National Capital Companies, Irvine California, was founded in 1992 to provide full service investment banking,
brokerage, trading, and financing services primarily focusing on new and rapidly growing small capitalization
companies. Since that time the company has established itself as a premier provider of services to small
capitalization companies and individual and institutional investors.
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: 877/687-4500
Investors: 877/687-4500 |
