Exus Satellite Services to Launch New Service to Provide Satellite Bandwidth on Demand in Multi Billion Dollar Market Space
October 27 2003 - 4:00PM
PR Newswire (US)
Exus Satellite Services to Launch New Service to Provide Satellite
Bandwidth on Demand in Multi Billion Dollar Market Space NEW YORK,
Oct. 27 /PRNewswire-FirstCall/ -- Exus Global, Inc. (BULLETIN
BOARD: EXGL) today announceD its plans for Exus Shared Satellite
Services Division. The new service will provide customers with
shared bandwidth connectivity and the ability for the customers to
pay by usage and have bandwidth grow, as their needs grow. Revenue
projection for 2004 is approximately $7,500,000 with an anticipated
Gross Profit of 30%. The division headed by Gregory Peckover,
former executive from NSI Satellite, Montreal will start revenues
generating in January 2004. Exus Satellite Services division will
provide connectivity to Exus Educational Centers and to customers
in emerging markets through Exus' owned subsidiaries. The market
for this satellite bandwidth, internet connectivity, educational
content and voice over IP has untapped demand with an estimated
Market of over 3 Billion per year. Gregory Peckover, President of
the Satellite Services division commented, "I am looking forward to
bringing this EXUS division forward and to be a major factor in
Global connectivity. Exus presence in emerging markets gives us
hands on service and enables Exus to provide end to end
connectivity. In addition, we will be partnering, within the next
30 days, with several teleports and equipment suppliers, that will
provide us immediate infrastructure for our Network." About Exus
Global, Inc. Exus Global, Inc. is a global marketing and consulting
company concentrating on Distant Education, delivered via a
combined satellite and terrestrially based network. These services
are provided in emerging markets to a diverse client base that
includes medium to large multi-national businesses, universities,
Internet service providers and government agencies. Through its
subsidiary E-Education Network, Inc., Exus offers the first prepaid
Smart EducationCard(TM) to students worldwide. Through its
subsidiary Votelnet, Inc., Exus offers prepaid Voice cards to the
International market. Exus is also developing Educational Internet
Centers (EENICs) in emerging markets to provide Internet access and
educational resources. To learn more about the Company, please
visit its Websites at http://www.exus.net/ and
http://www.edun.net/. The preceding includes forward-looking
statements which involve known and unknown risks and uncertainties
which may cause the Company's actual results in future periods to
differ materially from forecasted results. Forward-looking
statements above are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially due to a variety of factors,
including, without limitation, competition, intellectual property
rights, litigation, needs of liquidity, and other risks detailed
from time to time in the company's reports filed with the SEC.
DATASOURCE: Exus Global, Inc. CONTACT: Ike Sutton of Exus Global,
Inc. +1-212-514-6600, Web site: http://www.exus.net/
http://www.edun.net/
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