NexHorizon Takes Advantage of Government Broadband Stimulus
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WESTMINSTER, Colo., June 30, 2009 (GLOBE NEWSWIRE) -- 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.
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CONTACT: NexHorizon
Calvin D. Smiley, Sr.
303-404-9700
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