To: $Mogul who wrote (28406 ) 1/4/2000 10:04:00 AM From: Rolla Coasta Respond to of 43080
YDSLF news Tuesday January 4, 8:30 am Eastern Time Company Press Release USVT Introduces Promotion 2000 New Voice Services Plans Designed to Increase Customer Base for DSL Services MILL VALLEY, Calif.--(BUSINESS WIRE)--Jan. 4, 2000-- USV Telemanagement, Inc. (``USVT') (OTCBB:YDSLF - news) announced it has introduced Promotion 2000 a new voice services rate program aimed at increasing customer base whom will then be targeted for DSL services. ``We are in a unique position to lower retail rates on traditional voice services for new customers and to increase agent commissions all while maintaining current margins. This is possible as during the last two months of 1999 our tele/data subsidiary was able to negotiate lower buy rates with our primary carrier MCI WorldCom (NASDAQ:WCOM - news),' said company President Mark Smith. ``Promotion 2000 is designed to capture customer base right now for the introduction of DSL services as they become geographically available to customers. We want to be a part of the value build up we see being brought about by DSL in the year 2000 and beyond.' ``In the recently announced AT&T (NYSE:T - news)/Covad Communications Group, Inc. (NASDAQ:COVD - news) lawsuit against Bell Atlantic (NYSE:BELL - news) we see that the traditional voice services businesses is not going away soon and that the Incumbent Local Exchange Carriers such as SBC Communications, Inc. (NYSE:SBC - news) are not going to quickly or easily enter the long distance market,' continued Smith. ``There is plenty of traditional voice services opportunity left and on which we can build a larger base for broadband services such as DSL and integrated T-1.' ``With respect to voice and data services our current strategy is to expand our base of underlying providers so that we can make a national product offering,' stated Smith. ``Concurrent with this we look to expand our line of products and services by procurement of collateral or synergistic assets by entering into synergistic agreements with other national service providers which agreements will demonstrate our intent to expand both in geography and market segment.' 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). 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 (Toll Free) or Investors: Investor Relations, 877/687-4500 (Toll Free)