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Microcap & Penny Stocks : SPDE (nee CVUS)-- the scammiest Internet stock -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (61)	6/1/1999 11:01:00 AM
From: Bimini	Read Replies (1) \| Respond to of 114

I covered way to early at 5 1/2 but I shorted at 8 1/4. The greed factor was itching at me. Thats when I get out... Good luck to held on for the 4's.

To: RockyBalboa who wrote (61)	7/12/1999 8:20:00 AM
From: 2MAR$	Read Replies (1) \| Respond to of 114

(PR NEWSWIRE) SPEEDUS.COM Completes Sale of Two Million Shares to NEXTLINK SPEEDUS.COM Completes Sale of Two Million Shares to NEXTLINK at $10 Per Share NEW YORK, July 12 /PRNewswire/ -- SPEEDUS.COM, Inc. (Nasdaq: SPDE) today announced the purchase by NEXTLINK Communications, Inc. (Nasdaq: NXLK) of two million shares of SPEEDUS.COM's common stock at $10 per share for a total equity investment of $20 million, the terms which were previously announced. SPEEDUS.COM is a facilities-based super high-speed Internet Service Provider. The Company is limiting the marketing of its Internet service under the SPEED service mark to its initial subscribers as part of the SPEED service pilot program. SPEED is delivered via 14 fully functional Internet Broadcast Stations in operation under SPEEDUS.COM's FCC license covering Metro New York. SPEED subscribers are able to browse the Web using the Company's SPEED modem capable of downstream speeds of up to 48 Mbps, which is 31 times faster than a full T1 line. The SPEED modems are only available from the Company for $350, which along with the $150 installation cost can now be financed for up to 3 years. SPEEDUS.COM operates a Network Operation Center ("NOC") in the Brooklyn Army Terminal. The NOC contains a data center with a Linux-based Internet gateway transmitter and a teleport facility with satellite down links and fiber optic backbone. SPEEDUS.COM's NOC hardware and software, and customer premise equipment and software, give its Internet network the unique ability to "multi-cast" and "stream" high-quality full screen full motion video and CD-quality audio to its subscribers. SPEEDUS.COM also provides standard direct dial-up and ISDN service with web hosting, e-mail and value-added Internet services. The Company's signal is currently not available at all locations in its license area. Increased signal coverage through additional Internet Broadcast Stations is crucial to widespread availability of the SPEED service. However, SPEEDUS.COM believes that where its signal penetrates, the Company offers small businesses and residential customers the lowest-cost, highest downstream speed Internet access available. For additional information on the Company and its services, please visit the Company's website at speedus.com or call 718.567.4300. Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company's sales, marketing and support efforts. All rights reserved. SPEEDUS.COM(SM) and SPEED(SM) are service marks of SPEEDUS.COM, INC. SOURCE SPEEDUS.COM, INC. -0- 07/12/99 /CONTACT: Shant Hovnanian of SPEEDUS.COM, INC., 718-567-4399/ /Web site: speedus.com (SPDE NXLK) CO: SPEEDUS.COM, INC.; NEXTLINK Communications, Inc. ST: New York IN: MLM SU: * end of story *