MSHI.ob (.30) MSTI Holdings Delivers Turnkey Quad-Play Services with First Installation of Telkonet''s 200 Mbps Series 5 PLC Platform at 370 Lexington Avenue in New York City
Monday, April 28 2008 - 8:01
MSHI $0.30 $-0.01 (%-3.23)
HAWTHORNE, N.J.--(BUSINESS WIRE)--
MSTI Holdings, Inc./NuVisions (OTCBB: MSHI), a carrier class communications technology company specializing in providing true quad-play services to residential, hospitality and commercial properties, announced today that it has completed the first installation of Telkonet's next generation Series 5 200 Mbps powerline communications platform (PLC), providing a complete turnkey communications package for legal support specialist Cobra Legal Solutions LLC ("Cobra") at 370 Lexington Avenue in New York City. The Series 5 Platform, which uses the existing electrical infrastructure in office buildings, provides the Company with a significant competitive advantage, as it allows MSTI/NuVisions to install a suite of communications services without incurring the costs associated with structured wiring of an entire building.
MSTI/NuVisions and Telkonet, Inc. (AMEX: TKO) are partnering to bring the groundbreaking Telkonet Series 5 platform to building owners throughout the Tri-State area as part of an aggressive marketing program. 370 Lexington represents the first commercial deployment of the Telkonet Series 5 platform, enabling organizations such as Cobra to benefit from its significant advances in capacity, performance, security and Quality of Service. Cobra provides world-class legal support for U.S.-based businesses and law firms, and required a fast track and complete solution
"We selected MST/NuVisions for its unique ability to offer us a turnkey solution," said Jeffrey Isenberg, Cobra's Managing Director/Technology and Operations. "In a short time, we had to move into our office space and organize our operations. NuVisions' ability to handle all of our communications needs without dealing with multiple companies played a key role in our ability to complete the move seamlessly."
MST is providing Cobra with an extensive communications package through its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST, Inc./NuVisions), which includes high performance video conferencing, using the Company's proprietary TeVue solution. NuVisions was contracted to provide a complete range of installation services, working in conjunction with IT Consultants Mac Hounds Inc., encompassing all aspects of the design, equipment, implementation and support services. Some of the features Cobra will enjoy include broadband service, with 2Mbps symmetrical bandwidth that can be dynamically throttled to higher speeds, and hosted Voice over IP (VoIP), providing an end-to-end hosted VoIP telephony solution. This includes the provision of telephone equipment and the TeVue Video Conferencing solution, providing point-to-point video conferencing between Cobra's offices in New York and India. Key to the implementation is NuVisions' ability to support the stringent network security levels required by the Cobra team's applications.
"The example of Cobra's installation demonstrates the scope and value of our turnkey approach, quickly and efficiently installing multiple communications platforms," said Frank Matarazzo, CEO of MST Inc. "The new Series 5 platform provides MSHI with a compelling cost advantage versus competitors, allowing us to quickly install communications services at a fraction of the cost other service providers. Customers at 370 Lexington and throughout the tri-state New York area can now benefit from the true "quad-play" offering we provide commercial accounts."
About NuVisions
NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers "quad play" services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York, New Jersey and San Francisco. For more information, please visit www.nuvisions.tv.
About MST Inc.
MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST Inc.'s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments. For more information, visit our websites at www.mst-online.com and www.nuvisions.tv.
Safe Harbor Statement
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results can be found in the Company's Report on Forms 8-K filed with the Securities and Exchange Commission (SEC).
Source: MSTI Holdings, Inc.
