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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: CAP who wrote (2047)	12/22/1998 10:02:00 AM
From: MangoBoy	Respond to of 2063

[CellularVision to Change Name to SpeedUs.com; Network Configured to Provide Super High-Speed Internet in New York] NEW YORK--(BUSINESS WIRE)--Dec. 22, 1998--CellularVision USA, Inc. (NASDAQ:CVUS) today announced that its Board of Directors unanimously agreed to change its name to SpeedUs.com, Inc. The name change is scheduled to take effect on or before January 7, 1999. The new NASDAQ symbol will be SPDE. The name change reflects the Company's exit from the subscriber television business and the dedication of its Metro New York Federal Communication Commission license to the Internet. The Company has built a new full-featured Internet Service Provider (ISP) and configured its broadband cellular network to deliver super high-speed Internet service in New York. The service will be marketed under the service mark SPEED(sm). The SPEED(sm) service uses a 48 Mbps (48,000 kbps) downstream SPEED(sm) modem, which has approximately 1,700 times the downstream capability of a standard 28.8 kbps modem. The Company's ISP and SPEED(sm) services are fully functional and are operating from its Network Operations Center (NOC) in the Brooklyn Army Terminal. The new ISP provides direct dial-up service for standard and ISDN modems, and the super high SPEED(sm) Internet access service. In addition to direct dial-up services for both standard and SPEED(sm) subscribers, the new ISP has web hosting and e-mail capabilities. The SPEED(sm) service requires the purchase and installation of the SPEED(sm) modem and signal availability. The SPEED(sm) modems are currently only available from the Company for $350. The signal coverage is currently limited to parts of Manhattan, Brooklyn and Queens. The Company plans to arrange financing for the cost of the modem to consumers and to increase its signal coverage area before commencing a major marketing campaign. CONTACT: Shant Hovnanian 718-489-1227