NexHorizon Takes Advantage of Government Broadband Stimulus
Jun 30, 2009 12:36:57 (ET)
WESTMINSTER, Colo., Jun 30, 2009 (GlobeNewswire via COMTEX) -- NexHorizon Communications, Inc. (Pink Sheets:NXHZ) today announced that management is applying for a rural broadband stimulus package, available from the federal and various state governments, in order to hasten its deployment of high-speed digital video, Voice over Internet Protocol, data transfer and other broadband applications to rural communities both in the U.S., and in Mexico. "The grants and loans will bring new jobs, for which we will offer training, and increased revenue, which will have a trickle-down effect throughout our rural communities," said Calvin D. Smiley, NexHorizon Communications CEO.
NexHorizon owns and operates cable systems providing modern "Triple-Play" technology to selected areas traditionally overlooked by giant companies, filling a necessary need to thousands of subscribers in the countryside of America.
About NexHorizon Communications, Inc.
NexHorizon Communications, Inc. (NXHZ) is focused on delivering broadband solutions to rural communities through strategic acquisitions and mergers. On January 1, 2008, NexHorizon Communications acquired the assets of Chula Vista Cable, LLC and the stock of National City Cable, Inc., which we renamed NexHorizon Broadband of Southern CA, Inc. ('NBSC'). In October 2008, NexHorizon Communications executed a definitive agreement to acquire certain assets and subscribers from Story Communications, passing more than 10,000 homes in the rural communities of Oklahoma. NexHorizon is focused on delivering a true "triple-play" of digital video, High-Speed data, Voice over Internet Protocol (VoIP), and other related broadband solutions. The Company plans to acquire additional rural cable television systems and synergistic technology to assist in executing its Strategic Business Plan.
SAFE HARBOR STATEMENT
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by NexHorizon Communications, Inc. (NexHorizon) may differ materially from these statements due to a number of factors. NexHorizon assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: NexHorizon Communications, Inc.
NexHorizon
Calvin D. Smiley, Sr.
303-404-9700
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