Surpha Inc.
Surpha Inc.: SURPHA, INC. ENTERS JOINT VENTURE WITH EXPECTED FIRST 12 MONTH REVENUE OF OVER $28 MILLION USD
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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(Orem, Utah) – Surpha announced today that it has begun work on the
formation of a joint venture with US Digital, Inc. The new joint venture
reflects terms of a Letter of Intent recently signed by the parties. The
joint venture will bring together Surpha’s product, network and operating
expertise with US Digital’s relationships with Wall-Mart and other
nationally recognized entities.
The joint venture has already arranged a group of products to be sold
through Wal-Mart stores that include wireless digital high definition
video, voice over the internet (VoIP) and broadband internet access
including Surpha’s fixed wireless products. This product group creates the
so called Triple Play offering. Test markets are currently in progress with
positive results.
Wal-Mart is a global company with more than 1.8 million employees worldwide
and nearly 6,500 stores and wholesale clubs across 15 countries of which
over 3,900 retail stores are located throughout the US. Estimated revenue
for Surpha from just one of the products being prepared for sale is
expected to exceed $28 million USD (€22.2 million) in the first 12 months
of the offering.
The joint venture will sell Surpha and other well recognized technology
products through the Wall-Mart chain. In addition, the joint venture will
also pursue other distribution channels with which the parties have
familiarity and expertise. Such additional distribution channels will
include direct marketing with which the parties have considerable
experience, contacts and expertise.
US Digital considers Surpha a very strong partner as the joint venture
proceeds to market with these very well received products. Both Companies
expect to build a significant amount of revenue and profit in this joint
venture. This is an excited new opportunity for Surpha. Not only will the
Company be able to market Surpha products nationwide through the number one
retailer, Surpha will also realize substantial new revenue by marketing
other products through this very large retail chain.
About Surpha, Inc.
Surpha, Inc. (“Surpha” or the “Company”) is a state-of-the-art regional
facilities-based telecommunications and Internet Service Provider whose
operations are concentrated in the Western United States. The Company
offers high-speed Internet access, wireless broadband services, managed
telecommunications products including Voice over Internet Protocol (VoIP),
and hosted applications. Unlike most companies that offer VoIP service,
Surpha’s managed VoIP service provides Quality of Service which is required
by all business customers. The Company offers diverse and comprehensive
products and solutions for small to medium sized business and consumer
accounts that wish to take advantage of the convergence of high-speed
broadband and various communications technologies. Current expansion plans
that will be executed through a unique consumer retail “big box” channel
will position the Company competitively on a national and international
scale. In order to support its operations and future growth, the Company
has deployed a custom, proprietary automated back office that enables
clients to access robust online management and reporting tools.
Capital Communication AG
Poststrasse 3
CH-8001 Zürich
Tel. +41 43 888 70 00
Fax.+41 43 888 70 09
investors@capital-communication.ag
(c)DGAP 07.08.2006
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