May 15, 2012
Lubbock, TX – May 15, 2012 – NTS, Inc., f/k/a Xfone, Inc. (NYSE Amex/TASE: NTS) (“NTS” or “the Company”) signed up its first customer in Lamesa, Texas further expanding the Company’s fiber-to-the-premise (FTTP) network.
When completed, the NTS fiber build out is expected to reach 19 new communities in Texas and Louisiana, bringing the Company’s total FTTP passings to approximately 50,000. NTS is funding the expansion of the fiber network using approximately $100 million in federal stimulus funding. In addition to its presence in Lamesa, NTS has established its FTTP network in the towns of Lubbock, Levelland, Smyer, Wolfforth, Littlefield, Burkburnett, Brownfield, Whitharral, Slaton, Wilson and Meadow, Texas.
Mr. Guy Nissenson, Chairman, President and CEO of NTS commented, “During the past year we have made excellent progress expanding the reach of our FTTP Network to underserved communities in Texas and we are pleased to have the opportunity to bring our high speed broadband voice, video and internet offerings to Lamesa. We continue to see strong adoption rates as customers recognize the value and convenience of our high speed bandwidth. Consumers are increasingly reliant on the internet; both in residential and business applications, and the speed and accessibility of our network meets their expectations. We look forward to bringing advanced broadband to more customers in Lamesa in the coming weeks.”
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.
Investor Relations Contact
John G. Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Niv Krikov, CFO