Surpha Inc.
SURPHA, INC. ANNOUNCES THE ACQUISITION OF A 30% INTEREST IN TECHNOLOGY COMPANY TO PROVIDE TRIPLE PLAY. ADDITIONAL REVENUES OF $30 MILLION IN THE FIRST 12 MONTHS ARE EXPECTED.
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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SURPHA, INC. ANNOUNCES THE ACQUISITION OF A 30% INTEREST IN TECHNOLOGY
COMPANY TO PROVIDE TRIPLE PLAY. ADDITIONAL REVENUES OF $30 MILLION IN THE
FIRST 12 MONTHS ARE EXPECTED.
Orem, Utah Surpha announced today that it has acquired 30% of USDigital,
Inc. a US privately held Delaware Corporation (file number 4075586).
USDigital has contracts to market a group of products through the Wal-Mart
stores. USDigital also operates SinglePoint, Inc. an Internet Service
Provider.
The products that will be offered include state of the art video, voice
over the internet (VoIP) and broadband internet access including Surpha’s
fixed wireless products. Test markets are currently in progress with
positive results. Estimated revenue is expected to exceed $30 million USD
(€23.7 million) in the first 12 months after completion of the test
markets.
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 the largest
retail company of the world selling to 80 million customers. 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.
USDigital is currently building a nationwide video service that completes
with cable TV and Satellite service. This video service will then be the
core component in a triple play bundle of video, voice and broadband data
services. These services will be delivered using wireless technology. The
wireless network results in much lower costs than traditional deployment
methods.
On August 7, 2006 the Yankee Group, a well respected research firm that
follows the communications services industry stated “cable and telephone
companies are chasing about up to $145.3 billion in service revenue as they
try to attract new triple play customers over the next three years.” The
competitors who succeed in selling a triple play bundle during this time
period stand to reap significant financial rewards, according to the study,
“Defining the Opportunity Market: A Study of the Annual Revenue Opportunity
for Residential Broadband Service Providers.”
The study found that there will be between 32 million and 35 million new
triple play customers per year, for the next three years, as consumers
change service providers, add new services or create new households.
According to the Yankee Group this development will create a revenue
opportunity of between $137.5 billion in 2006 to $145.3 by 2009. This is a
very significant opportunity for Surpha that has the potential of creating
a company with literally hundreds of millions of dollars in revenue and
profit.
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. 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.
About USDigital, Inc.
USDigital is a privately held Delaware corporation (file number 4075586)
headquartered in Bentonville Arkansas. USDigital owns SinglePoint an
Internet Service Provider and other technology assets. The Company’s
strategy includes building networks to provide video, voice and broadband
data bundled services. USDigital also has a contract to sell products in
Wal-Mart stores nationwide. In addition the Company has contracts to sell
several nationally known technology companies’ products in Wal-Mart stores.
USDigital is a financial sound corporation and should not be confused with
any other company with a similar name.
Forward-Looking Statement
The Private Securities Litigation Reform Act of 1995 provides a ‘safe
harbor’ for certain forward-looking statements. The statements contained or
incorporated by reference in this document that are not historical facts
(including without limitation statements to the effect that Surpha, Inc.
(the ‘Company’ or ‘Surpha’) or its management ‘believes,’ ‘expects,’
‘anticipates,’ ‘plans,’ ‘intends,’ ‘foresees,’ or other similar
expressions) are forward-looking statements. These forward-looking
statements are based on the Company’s current expectations and beliefs
concerning future developments and their potential effects on the Company.
There can be no assurance that future developments affecting the Company
will be those anticipated by the Company. All comments concerning the
Company’s expectations for future revenue and operating results are based
on the Company’s forecasts for existing operations and do not include the
potential impact of any future acquisitions. These forward-looking
statements involve significant risks and uncertainties (some of which are
beyond the Company’s control) and assumptions.
(c)DGAP 15.08.2006
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