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Microcap & Penny Stocks : Clearworks Technologies (CLWK) -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (428)	9/22/1999 6:02:00 PM
From: art slott	Read Replies (2) \| Respond to of 448

Correction. it was $315 million. funny how they didn't mention by when. ClearWorks Expands BDS Base by $315 Million HOUSTON, Aug. 5 /PRNewswire/ -- ClearWorks.net (OTC Bulletin Board: CLWK) announced today that it will expand its network to provide its package of Bundled Digital Services(SM) to all major communities within Cinco Ranch providing for a planed total of 14,000 new and existing homes. The Company will retrofit the communities and homes to support state-of-the-art telecommunications services provided by ClearWorks and provide IBM (NYSE: IBM) Home Director products. This effort marks one of the largest retrofits of IBM Home Director technology into existing homes currently occurring nationwide. ClearWorks.net is an authorized home systems integrator for IBM Home Director technology. ClearWorks is additionally the nations leading provider of Fiber To The Home (FTTH) for the delivery of Bundled Digital Services(SM) including high speed Internet connectivity, dial-tone, digital multi-channel video, on-demand video rental and other digital services. Existing residents within Cinco Ranch number approximately 5,000 with a total of 14,000 homes planned within the communities. ClearWorks Communications anticipates capturing a 75% market share within the communities based on its competitive pricing model. Services provided within the communities will be provided at an approximate 50% discount to what residents currently pay. Based on the expansion, ClearWorks anticipates capturing approximately $315 million in new revenues during the life of the project. The Company anticipates breaking ground on the retrofit project within the next 30 days. "This project represents our first major retrofit project into a well established existing community," stated Mr. Moss, president of ClearWorks Communications. "Our Fiber To The Home (FTTH) deployment will enable us to be very cost competitive, and to penetrate the existing home base quickly. Retrofitting IBM Home Director into existing homes will allow us to provide a digital infrastructure within the homes, which will benefit the homeowners long term," continued Mr. Moss. ClearWorks.net pre-wires or retrofits new or existing homes, multifamily developments and commercial buildings with fiber-optics networks, enabling them to receive the latest computing and telecommunications technology. The Company also works in conjunctions with developers and builders to build state-of-the-art technology into new subdivisions, multifamily dwelling units and homes for providing Bundled Digital Services(SM). The Company is an authorized IBM Home Systems Integrator and pre-wire every house or unit with IBM Home Director technology to accept a full compliment of digital services. The Company also provides cabling, networking and consulting services to schools and school districts, enabling them to take advantage of the latest computing and communications technologies. Additional information on IBM Home Director can be found at ibm.com . The statements made by ClearWorks.net are forward-looking in nature. Although ClearWorks.net believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. ClearWorks.net believes that its primary risk factors include, but are not limited to : the need for substantial financial requirements; the need to develop effective internal processes and systems; the ability to attract and retain high-quality employees; changes in overall economy; regulatory policy; and the mix of product and services offered in the company's target markets. -------------------------------------------------------------------------------- SOURCE: ClearWorks.net, Inc. and IBM CONTACT: Michael T. McClere, of ClearWorks.net, Inc., 713-334-2595, or mmcclere@clearworks.net All Headlines Additional Headlines BW 08/10 05:06 EquityAlert.com Announces Investment Opinion, No. 9 of 9 BW 08/09 09:10 ClearWorks.net CEO again on CNN Interactive