Telecommunications Services AgreementNEWPORT BEACH, CA -- (MARKET WIRE) -- 02/19/04 -- Superwire Inc.
(OTC: SUPW), an integrated broadband services company delivering
voice, video and high-speed Internet to the multi-tenant property,
small to medium sized business and consumer markets, announced today
that it has signed a 15-year exclusive agreement to provide
Integrated Telecommunications Services to the Golden Rain Foundation
community, Leisure World Seal Beach (LWSB).
Under the agreement, Superwire, through its wholly owned subsidiary,
Superwire Telecom, Inc., will provide integrated voice, data and
video services to the 8,500 residents of LWSB. Service availability
for Voice, Data and Broadband Internet is expected to commence at the
end of the summer 2004 with video services commencing no later than
early 2007.
"This contract provides the truly unique opportunity for a service
provider and community to partner in the provision of
telecommunications services to residents," stated James W. Truher,
Chairman, Superwire, Inc. "Residents of the Leisure World Community
will have an active voice in the composition of the services
delivered to them as well as the economic benefit associated with
cooperative purchasing."
Tighe A. Merelli, CEO Superwire, Inc., added, "The contract,
projected to provide over $77 million in revenue during its initial
term, provides for reductions in monthly telecommunications fees to
residents based upon the total residents subscribed and provides for
revenue participation to the community. This community will be one
of the largest in the country with access to so-called 'Triple Play'
services utilizing the latest in Digital Subscriber Line (DSL)
technology."
About Superwire
Superwire.com, Inc. provides broadband local loop solutions including
high-speed Internet, local telephone and long distance to office
buildings, MDU tenants and individual subscribers by provisioning next
generation broadband access and transport technologies directly to the
subscribers. Superwire's business model capitalizes on the economics
derived through the provision of convergent voice, data and video
services over a single telecommunications access facility. For
further information please visit our Website at http://www.superwire.com.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Act of 1934. Such forward-looking statements
involve risk and uncertainties, which may cause the actual results or
objects to be materially different from those expressed or implied by
such forward-looking statements. Such factors include, among other
things, the Company's financial performance, changes in the
competitive environment, adverse changes in the economy, ability to
maintain long-term relationships with customers and financing
requirements.
Contact:
Ed Hart
Superwire, Inc.
Tel: 1-866-547-8737
SUPW - SUPER WIRE INC (OTC)
Date Open High Low Last Change Volume % Change
02/19/04 0.05 0.05 0.05 0.05 +0.00 105455 +1.05%
Composite Indicator
Trend Spotter (TM) Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Hold
20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 73563
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Hold
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 101683
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Hold
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 93677
Overall Average: 72% - Buy
Price Support Pivot Point Resistance
0.05 0.04 0.05 0.06
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Today's Opinion:
72% Buy
Yesterday's Opinion:
72% Buy
Last Week's Opinion:
64% Buy
Last Month's Opinion:
64% Sell
Top 1% in Strength.
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DaDog