DENVER, March 3 /PRNewswire-FirstCall/ -- Usurf America, Inc. (OTC Bulletin Board: USUR), a leading provider of voice, video and high-speed broadband communications services, announced today that it has begun construction of a unique cooperative housing development in the heart of Golden, Colorado. The 78-unit Millstone at Clearcreek complex blends high-quality residential construction with advanced telecommunications infrastructure that promises to affordably deliver world-class voice, video, data, and security services to each resident. The project reflects a strategic collaboration between Usurf's Sovereign operating division and the Golden Urban Renewal Authority (GURA) to deliver advanced telecommunication services in conjunction with the downtown urban redevelopment initiative. Demand for the "wired" homes has been so great that 80% (20 of 26 units) of the first phase have been sold, even before breaking ground. "The Millstone project represents a key component of the GURA re-development initiative," said Mark Heller, executive director for GURA. "We are thrilled to be working with Sovereign Homes as we expand our program of delivering high-quality housing and state-of-the-art telecom services into our community." Ed Garneau, Usurf COO and president of the Sovereign operating division added, "Millstone represents a major growth business for us at Usurf. By building high quality homes that incorporate the latest broadband services infrastructure, we are definitely delivering what our customers have been asking for and for which they are willing to pay a premium. Usurf is leading the trend to tightly integrate all aspects of broadband services deployment into the initial design and construction of new residential and commercial developments." "Broadband services are increasingly being 'designed-in' to new residential and commercial developments," commented Dave Weisman, chairman of Usurf. "Usurf is an expert in the development and deployment of communications infrastructure and technology. The recent acquisition of the Sovereign companies enables us to integrate our technology and service expertise into our own major construction projects, as well as to offer these capabilities to other major builders and developers that recognize that 'wired' homes command a premium and are becoming a requirement to stay competitive." The Millstone development consists of homes priced from $180,000 to $550,000, and is expected to begin occupancy by summer 2005. GURA, the project sponsor, has committed itself to incorporating the deployment of next generation telecommunication services wherever possible in the downtown Golden area as a component of their broad redevelopment initiatives. About USURF America, Inc. Based in Broomfield, Colo., Usurf America is implementing specific strategies designed to leverage the Company's IP-based software technology enabling fully ubiquitous voice, video and data product deployments in targeted geographic regions of the United States. For more information about Usurf America, please visit the Company's website at www.usurf.com. SAFE HARBOR STATEMENT: Some information in this release is forward looking. These forward-looking statements may be affected by the risks and uncertainties in Usurf America and its subsidiaries and divisions. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Usurf America's Securities and Exchange Commission filings. Usurf America wishes to caution readers that certain important factors may have affected and could in the future affect its actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of Usurf America. There are many factors that will determine whether Usurf America will be successful in its endeavors, including, without limitation, access to adequate capital and consumer acceptance of its telecommunications service offerings. Usurf America undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Contact: Jim Mills, J.F. Mills/Worldwide for Usurf America, Inc. (303) 639-6186 jfmills@jfmillsworldwide.com Denise Hoover, of Usurf America, Inc. (303) 285-5379 investorrelations@usurf.com SOURCE Usurf America, Inc.
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