July 17, 2014
LUBBOCK, Texas--(BUSINESS WIRE)--NTS, Inc. (NYSE MKT:NTS) (TASE:NTS) (“NTS” or “the Company”) announces that it has connected its first fiber customer in Ponchatoula, Louisiana. The Company began connecting customers in Louisiana in April 2013.
The NTS fiber build out began with select markets in Texas, where the Company currently provides its fiber offerings to 18 towns, including metro builds focused on the business communities in Wichita Falls and Abilene. When completed, the NTS fiber network in Louisiana is expected to include the communities of Hammond, Ponchatoula, Natalbany, Tickfaw, Independence and Amite, Louisiana, and a wireless service extension overlay will also bring advanced broadband services to towns in the St. Helena, Washington and Tangipahoa Parishes. The build out is expected to add approximately 11,500 fiber passings, bringing the Company’s total FTTP passings to approximately 53,000. The Louisiana network expansion is being funded using a portion of approximately $100 million in federal stimulus funding.
Mr. Guy Nissenson, Chairman, President and CEO of NTS commented, “We are pleased to have begun adding customers in our newest market, Ponchatoula, Louisiana. We’ve seen strong adoption rates for our high speed triple play offering in Hammond, Louisiana, and we look forward to bringing advanced broadband to more customers in Ponchatoula during the coming weeks. We continue to make solid progress building out the rest of our markets in southeastern Louisiana.”
About NTS, Inc.
NTS is a provider of high speed broadband services, including internet access, digital cable TV programming and local and long distance telephone service to residential and business customers in northern Texas and southeastern Louisiana. NTS' Fiber-To-The-Premise (FTTP) network provides one of the fastest internet connections available. The Company currently has operations in Texas, Mississippi and Louisiana and also serves customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma. For the Company's website, please visit: www.ntscom.com.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." NTS' financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.
Wendy Lee, Vice President – Human Resources
Joele Frank, Wilkinson Brimmer Katcher
Sharon Stern / Jonathan Keehner
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