Exhibit 99.1
Industry Leader Weisman Takes Helm as CEO of Usurf America
Multimedia Veteran and Digital Media Rights Pioneer to Position Usurf
for Rapid Growth and Expansion as a Digital Services Innovator and Operator
DENVER, April 18 /PRNewswire-FirstCall/ -- Usurf America, Inc. (OTC
Bulletin Board: USUR), a leading provider of voice, video and high-speed
broadband communications services, announced today that Dave Weisman, former CEO
and chairman of Eagle Broadband, Inc, has joined Usurf as its new CEO, effective
immediately.
In his new role Mr. Weisman, who currently serves as Usurf's Chairman,
will preside over the ongoing transformation of Usurf into a diversified
communications company with highly synergistic technology development, bundled
digital service provisioning, and residential/commercial development operations.
"I am excited to take a much more active role at Usurf as we aggressively
expand our bundled digital services provisioning operations," said Weisman. "The
recent acquisition of the Sovereign Companies, who have a reputation of being
one of the best and most successful developers in the western U.S., uniquely
position Usurf to now offer the most comprehensive suite of technology,
construction management, and complex development services available anywhere. We
can successfully integrate state-of-the-art communications services into our own
multimillion dollar projects, as well as those of our large developer partners
and we can continue to operate them as a service provider for years afterwards.
This greatly improves our return on investment and provides a steady stream of
recurring revenues."
Ed Garneau, Usurf chief operating officer added, "Dave Weisman has had a
great track record of building real value in technology companies and expanding
the Service Providers' business. During his last assignment at Eagle Broadband,
he established strategic partnerships with IBM, SAIC, General Dynamics, Sprint,
and Verizon. In addition, he negotiated the first ever complete digital rights
video content agreements to deliver over 200 channels of popular programming and
established new formats for the cost-effective delivery of satellite-based video
services. His industry experience and huge contact base are exactly what we need
to capitalize on our exciting market opportunities and rapidly and profitably
grow our business."
Background on Dave Weisman
Mr. Weisman brings more than 20 years of senior level management
experience with both high-growth startup and established technology and
communications companies to Usurf. Weisman recently served as Chairman and CEO
of broadband and communications technology and services company, Eagle
Broadband, where he led a highly successful corporate restructuring and
turnaround that established the company as a broadband market leader and
innovator in digital media rights management and service delivery. Before Eagle
Broadband, he was Vice President, Sales & Marketing at security software firm IP
Dynamics, where he built and led sales and marketing organizations and
successfully launched the company into the enterprise, service provider and
government/military markets. Prior to IP Dynamics, Weisman co-founded and was
Vice President, Sales & Marketing for Canyon Networks, a telecommunications
equipment startup focused on broadband subscriber services provisioning and
management for major telcos and service providers.
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He was also Vice President, Marketing and Customer Service for
multi-service WAN equipment provider, ACT Networks, where he led all product
management, marketing and customer support activities until the company's $275
million acquisition by Clarent Corporation. Weisman also co-founded and served
as Vice President, Sales & Marketing for the commercial broadband networking
company Thomson Enterprise Networks where he was instrumental in winning a $450
million multi-media, broadband network contract with the British Army and the
company's subsequent acquisition in 1999. Prior to Thomson, he held senior
marketing positions at Adaptive Corporation (acquired in 1994) where he
developed and launched the industry's first ATM network switch and networking
company Retix (IPO in 1992). Weisman also founded and was CEO of a consumer
products distribution company, which he grew to $12 million in sales and
subsequently sold in 1987.
Weisman also served as a pilot with the United States Air Force Reserve
and saw active combat duty in Central America and Operation Desert Storm. He
holds a B.A. in Economics and International Relations from U.C.L.A.
Dave Weisman continued, "We are a very successful residential and
commercial developer and a very successful provider of bundled voice, video, and
data services. Closely integrating the two gives Usurf the ability to
incorporate and operate very profitable multimedia subscriber services within
all of our projects which gives us a strong competitive advantage in our
markets. My job will be to expand these businesses and incorporate new
technologies and partners to strengthen our competitive advantage and build
long-term shareholder value.
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 http://www.usurf.com.
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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.
Contacts: Denise Hoover of Usurf America, Inc., +1-303-285-5379, or
investorrelations@usurf.com; or Jim Mills of J.F. Mills/Worldwide,
+1-303-639-6186, or jfmills@jfmillsworldwide.com, for Usurf America, Inc.
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