Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ATTP Affordable telecom -- Ignore unavailable to you. Want to Upgrade?

To: Scottey who wrote (483)	8/17/2000 11:07:40 AM
From: Scottey	Respond to of 580

Notice the meter reading part in this PR? - Thursday August 17, 8:03 am Eastern Time Press Release ClearWorks.net Merger With Eagle Wireless to Add Over $100 Million in Set-Top Box Sales in Next 12 Months ``Recurring Revenues Projected To Exceed $300 Million Annually'' HOUSTON--(BUSINESS WIRE)--Aug. 17, 2000-- ClearWorks.net (AMEX:CLW - news) announced today that its pending merger with Eagle Wireless International (AMEX:EAG - news) will provide the combined companies an anticipated sales boost of over $100 million. The increased revenues will come from sales of technology components including Eagle's convergent set-top boxes (CSTB) and related multimedia accessories directly to customers currently in the ClearWorks.net backlog. With the increased financial capability of the combined companies, an acceleration of the existing backlog of Bundled Digital Services (BDS) customers is expected to occur, allowing a complete implementation within the next 12 months. The company also projects within the next year that the combined companies backlog would increase by over 140,000 homes under contract and provide a recurring revenue stream upon total implementation of $450 million a year. According to Dr. H. Dean Cubley, President and CEO of Eagle Wireless, ``Prior to our merger announcement with ClearWorks.net, Eagle's marketing plan was on track to book a relatively large volume of Convergent Set-Top Box (CSTB) sales during the next year through the company's BroadbandMagic.com subsidiary. Now we can factor in the 60,000 homes ClearWorks.net already has under contract through their Fiber-to-the-Home (FTTH) program, as well as the additional 140,000 homes they expect to have under contract within the next 12 months.'' Mr. McClere added, ``By utilizing our combined financial resources, we anticipate a rapid deployment of all of our existing backlog, as well as adding several retrofit projects that will produce reoccurring revenues for Bundled Digital Services. Part of the powerhouse that we have created with this merger is that every customer that is subscribed generates both CTSB and technology component revenue as well as long-term re-occurring services revenue. That business model and the fact that we have all of the necessary proprietary technology in house is a powerful combination.'' Both companies believe that at least 90% of these new homes will install one of Eagle's Webflyer CSTBs, along with a few of the related multi-media accessories that are available through the company. Based on that conservative assumption, at a one-time cost of $700 per package, Eagle Wireless should realize well over $100 million in additional set-top box sales next year. ``But that's just the tip of the iceberg,'' notes Cubley. ``The recurring revenues generated by the multi-year contract that includes the ClearWorks.net Bundled Digital Services (BDS) will exceed $450 million each year or a total of well over $10 billion over the next 25 years, and we have the capital to go to market quickly.'' Both companies are counting on all of existing management to continue after the merger to assist in the anticipated hyper-growth. As a result of the merger, the combined company is expected to grow several hundred percent over the next year. Both companies will continue with the core but overlapping broadband development for products and services. Rapid servicing and expansion of the merged company's BDS services are expected to engage master planned communities nationwide. ClearWorks.net is one of the leading providers of Fiber-to-the-Home (FTTH), often referred to as ``the last mile'' solution for neighborhoods and businesses utilizing the company's Bundled Digital Services (BDS) which include high-speed Internet connectivity, dial-tone, digital multi-channel video, on-demand video rental, a community Intranet and other digital services. For more information on ClearWorks.net, please visit the company's website at www.clearworks.net. Eagle Wireless International, Inc., and its subsidiaries are leading suppliers of broadband wired and wireless equipment and services for the Internet, multimedia set-top boxes, one- and two-way wireless messaging, specialized mobile radio, remote data acquisition and meter reading, and integrated wired and wireless convergence product markets. The company is headquartered in League City, Texas, near the NASA Johnson Space Center, south of Houston. Further news updates on Eagle and its products are available at www.eglw.com, www.broadbandmagic.com, www.atlanticpacific.net, www.etoolz.com, and www.otcfn.com/eglw.

To: Scottey who wrote (483)	8/17/2000 11:13:37 AM
From: Scottey	Read Replies (1) \| Respond to of 580

Notice the meter reading part in this one? - Tuesday July 18, 10:27 am Eastern Time Company Press Release Affordable Telecommunications Technology Markets Nextel Worldwide Service Convenience of One Phone and One Number for Worldwide Access HOUSTON--(BUSINESS WIRE)--July 18, 2000--Affordable Telecommunications Technology Corporation (OTC BB:ATTP - news) announced today that it has begun marketing Nextel (NASDAQ:NXTL - news) Worldwide (SM) service, which provides customers with one phone and one number for worldwide telephone service. Nextel Worldwide is the first and only dual mode iDEN (R)/GSM 100% digital wireless service in the United States. Nextel operates in over 65 countries, including 18 of the world's top 25 largest cities. With the introduction of Nextel Worldwide, customers can now make and receive wireless calls throughout Africa, Australia, Europe, the Middle East, and North and South America on an all-digital wireless network. In Asia and Europe, Nextel Worldwide's digital GSM coverage delivers streamlined access. In North and South America, Nextel iDEN network delivers coverage in major cities in Argentina, Brazil, Canada, Mexico and Peru as well as 96 of the largest 100 markets in the United States. Steven H. Bethke, president of Affordable Telecommunications, stated, ``Nextel Worldwide is the first plan to offer callers a simplified flat rate per minute pricing based upon the country from which they are calling. We are pleased to offer this cutting-edge service to our customers and expect to draw significant revenue gains from this product addition.'' Affordable Telecommunications will market Nextel Worldwide through its 11 retail stores. Nextel Worldwide rates range from US$0.99 per minute for most of Europe to US$1.99 per minute for Asia, South America and the Middle East, and from US$2.99 to US$4.99 per minute for select countries in Africa, Eastern Europe and Southeast Asia. For this service, customers will pay US$5.00 per month, in addition to a Nextel domestic service plan. About Nextel Communications, Inc. Nextel Communications Inc., headquartered in Reston, Va. is a leading provider of fully integrated wireless communications and has built the largest guaranteed all-digital wireless network in the United States that covers thousands of communities across the United States. Nextel and Nextel Partners Inc. currently serve 98 of the top 100 U.S. markets. The Nextel National Network offers a fully integrated wireless communications tool with digital cellular, text/numeric paging and Nextel Direct Connect®-- a digital two-way radio feature. In addition, through Nextel International Inc., Nextel has wireless operations and investments in Canada, Mexico, Argentina, Brazil, the Philippines, Peru and Japan. Please visit the company's web page at nextel.com. About Affordable Telecommunications Technology Corp. Affordable Telecommunications Technology Corp. is a reseller of wireless telecommunications products and services, which it markets directly and through 11 retail stores. Retail stores operate under the names The Wireless Store, Camera's Etc. and Beeper Boutique in the South Texas and Louisiana markets. Affordable Telecommunications primarily focuses on selling pre-paid and post-paid wireless products and services. The Company also operates a two-way data network covering the greater Houston Metropolitan area, and will utilize the network's technology to provide Automatic Meter Reading services in the near future.