TRIT - From Raging Bull:
By: MAGIC
Reply To: 2111 by MidnightSun Thursday, 23 Mar 2000 at 1:27 PM EST
Post # of 2124
More USRT info, looks like a solid company for TRIT to have an agreement in place with thru Total Telecommunications:
Wednesday December 8, 9:07 am Eastern Time
Company Press Release
U.S. RealTel Enables More Properties To Provide the Latest Telecommunications Technologies
CHICAGO--(BUSINESS WIRE)--Dec. 8, 1999--
Telecoms complete antenna installations at Virginia and California
malls, benefiting the owner, retailers and shoppers alike;
telcos also provide services in office, apartment, hotel and
other properties nationwide
U.S. RealTel (NASDAQ: USRT-OTC), the world's largest landlord of pre-leased telecommunications access sites, today announced agreements with real estate development giants Taubman Centers, Inc. (NYSE: TCO - news) and Forest City Enterprises (NYSE: FCEA - news, FCEB - news). As a result of U.S. RealTel's (USRT) work on Taubman's behalf, antenna installations already have been completed at several retail properties, which is creating ancillary income for the owners.
In addition, among other benefits, telcos are able to provide enhanced services to tenants in Forest City office buildings -- producing ancillary income for Forest City, helping to transform the properties into more marketable ``smart buildings' and, ultimately, fulfilling tenants' high-tech requirements.
USRT's unique methodology
For USRT, the agreements bring the number of shopping malls in the USRT Telecom Grid(TM) to more than 390 and the total number of U.S. properties to more than 9,000. The grid is USRT's ``network' of office, multifamily, retail, residential, governmental, industrial and other properties for which it holds telecommunications access and placement rights.
USRT helps owners maximize the value of their properties by providing new sources of ancillary income from telecommunications companies. The telcos save significant time and money executing their infrastructure and service deployments by selecting sites from the USRT Telecom Grid.
According to Bud Blinick, senior vice president of site development for USRT, Taubman and Forest City have master leased their telecommunications rights to USRT. ``This is valuable and unique because we have assumed all of the responsibility of marketing, contract negotiations, telecom access, and lease administration, allowing these property owners to focus on their core businesses,' Blinick added.
Completed installations are creating ancillary income
Three telco installations USRT already arranged for Taubman are at high-traffic retail properties in Virginia and California:
Microcells, a fairly new technology that allows shoppers to use their wireless telephones in enclosed facilities, have been installed in Taubman's Regency Square in Richmond, Virginia. Microcells are small (about the size of a shoebox) interior antennas, camouflaged easily inside shopping malls, airports, theaters, convention facilities, office buildings and other properties. USRT also arranged for a telco to place rooftop antennas on Taubman-managed Sunvalley Mall in Concord, Calif., and Stoneridge Mall in Pleasanton, Calif.
In addition, USRT and Forest City executed agreements permitting telcos to deploy their systems in various Forest City mulitple-tenant office buildings around the country. Tenants of these properties can now choose from the latest telecommunications offerings while Forest City collects ancillary income from the telcos servicing these properties.
Agreement with Taubman
Including the two mentioned above, 25 Taubman-managed shopping malls join USRT's grid. Many of these malls have more than one million square feet of retail space, including Sunvalley; The Mall at Short Hills in New Jersey; Columbus City Center in Ohio; and Fairlane Town Center in Dearborn, Mich.
Taubman Centers, Inc. (NYSE:TCO - news), a real estate investment trust, owns, develops, acquires and operates regional shopping centers nationally. Taubman Centers currently owns and/or manages 28 urban and suburban regional and super regional shopping centers in 12 states. Four centers are under construction: Dolphin Mall (Miami, FL), International Plaza (Tampa, FL), The Mall at Wellington Green (Palm Beach County, FL), and The Shops at Willow Bend (Plano, TX). Taubman Centers is headquartered in Bloomfield Hills, Michigan.
For more information, visit Taubman Company's website at www.taubman.com.
Agreement with Forest City
USRT's grid now incorporates 113 Forest City properties, including 75 apartment buildings, 15 shopping malls, 10 office buildings, eight retail centers and five hotels.
Forest City Enterprises is a $3.6 billion NYSE-listed real estate company headquartered in Cleveland, Ohio, principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. The company's portfolio of property investments includes interests in 16.8 million square feet of leasable space in 41 retail centers; 33,700 residential units in 114 apartment communities; 7.1 million square feet of office space; and 3,000 rooms in nine hotels. This diversified portfolio is operated by regional offices in New York, Los Angeles, Boston, Tucson, Denver, Washington D.C. and San Francisco. Visit Forest City's website at www.fceinc.com.
About USRT
Founded in 1997, USRT has amassed the nation's largest network of properties available to telcos through a single source. Through the USRT Telecom Grid, USRT makes available telecom access to thousands of properties across the United States and in South America.
The USRT Telecom Grid in the United States includes more than 62 million square feet of office space, 450 million square feet of retail, 20 million square feet of industrial space, and 365,000 apartment units. For more information, visit USRT's website at www.usrealtel.com.
The statements contained in this news release that are forward looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, competitive and market factors, customer purchasing behavior, general economic conditions, technological advances, real estate trends, and other facets of the Company's business operations.
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Contact:
U.S. RealTel, Inc.
312/775-8900
or
Citigate Dewe Rogerson for U.S. RealTel
Jam Stewart, 312/372-6042
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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