Exhibit 99.1
Usurf America Acquires 4DVision
Owner and Operator of Extensive Broadband Backbone Network Delivers Bundled
Digital Services to Fortune 500 Companies, MTU's, and SOHO Customers
DENVER, April 27 /PRNewswire-FirstCall/ -- Usurf America, Inc. Bulletin Board:
USUR), a leading provider of voice, video and high-speed broadband
communications services, announced today that the company's Cardinal Broadband
division has executed a memorandum of understanding to acquire the assets and
customers of Denver-based 4DVision (www.4dv.net), a leading provider of
broadband network services in a deal for cash and stock.
4DVision, a privately-held company founded in 1995, owns and operates a
redundant broadband communications network that delivers DSL, T1, VoIP, Internet
data, and co-location services to over 1500 customers throughout the United
States.
Dan Ryan, president of Cardinal Broadband commented, "We have been tracking 4DV
for some time and have been impressed with their robust and highly
cost-effective broadband network and their blue-ribbon customer base. We are
delighted to be bringing them into the Usurf family and look forward to
expanding their network operations and rapidly building the subscriber count."
"This was a strategic move for 4DV," said Scot Susmann, CEO of 4DV. "We needed
the infrastructure and access to capital markets that Usurf could provide us in
order to grow the business and provide a platform to deliver a richer set of
bundled digital services to our customers. Cardinal Broadband has the content,
the business connections, and the management team to accelerate our business
plan and expand our network."
Dan Ryan continued, "We have begun the process of expanding Cardinal Broadband's
network infrastructure, geographic footprint, and subscriber base. We are
growing our existing business organically, as well as in conjunction with key
business partners and strategic and highly focused acquisitions such as 4DV."
The acquisition is expected to close within one month, be fully accretive in
terms of revenue, and the network and operating customer base will be fully
integrated into Cardinal Broadband. Scot Susmann will continue to oversee the
network he has built and will enter into an employment contract with incentives
towards expanding the network, subscriber base, and generating revenue and
profits.
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.