|[April 17, 2012]
NTS Fiber Network Breaks Ground in Louisiana; Expected to Add 11,500 Passings
LUBBOCK, Texas --(Business Wire)--
NTS, Inc., f/k/a Xfone (News - Alert), Inc. (NYSE Amex/TASE: NTS) ("NTS" or "the
Company") announces that it has begun construction of its high speed
Fiber-To-The-Premise (FTTP) Network in southern Louisiana. As the build
out progresses, the fiber network will eventually include the
communities of Hammond, Ponchatoula, Natalbany, Tickfaw, Independence
and Amite, Louisiana, adding approximately 11,500 FTTP passings. A WiMAX (News - Alert)
service extension overlay will also bring advanced broadband services to
towns in the St. Helena, Washington and Tangipahoa Parishes.
The Company's southern Louisiana build out is funded by approximately
$36.1 million in federal stimulus grants and loans.
Mr. Guy Nissenson, Chairman, President and CEO of NTS (News - Alert) commented, "We are
very excited to have construction underway on our fiber network in
southern Louisiana. 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 similar markets in
In addition to breaking ground in Louisiana, NTS also announced that it
has connected its first customers in Wilson, Texas and in Meadow, Texas.
NTS's ongoing fiber build out, when completed, is expected to reach 19
new communities in Texas and Louisiana, bringing the Company's total
FTTP passings to approximately 50,000. In addition to its presence in
Wilson, NTS has established its FTTP network in the towns of Lubbock,
Levelland, Smyer, Wolfforth, Littlefield, Burkburnett, Brownfield,
Whitharral and Slaton, Texas.
Mr. Nissenson continued, "The rollout of our fiber network to new
communities is proceeding on time and under budget and we are excited to
have begun adding customers in our newest market, Wilson, Texas. As we
bring our high speed triple play offering to new markets, 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
Wilson in the coming weeks."
here to view photo of our first customer in Wilson, Texas.
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.
In addition to disclosing financial measures prepared in accordance
with Accounting Principles Generally Accepted in the US (GAAP), this
press release and the accompanying tables contain the following non-GAAP
financial measures: non-GAAP EBITDAS (non-GAAP earnings before interest,
taxes, depreciation, amortization and stock-based compensation, other
expenses, acquisition costs and non-recurring loss). The presentation of
this financial information is not intended to be considered in isolation
or as a substitute for, or superior to, the financial information
prepared and presented in accordance with GAAP.
There are a number of limitations related to the use of non-GAAP
EBITDAS. First, these non-GAAP financial measures exclude depreciation
and amortization expenses that are recurring and significant
non-recurring expenses. First, Depreciation and amortization have been,
and will continue to be for the foreseeable future, a significant
recurring expense with an impact upon our company notwithstanding the
lack of immediate impact upon cash. Second, there is no assurance the
components of the costs that we exclude in our calculation of non-GAAP
operating loss do not differ from the components that our peer companies
exclude when they report their results of operations. Third, there is no
assurance we will avoid further non-recurring costs associated with
other balance sheet items. Our management compensates for these
limitations by providing specific reconciliation of GAAP amounts to
these non-GAAP financial EBITDAS and evaluating these non-GAAP financial
measures together with their most directly comparable financial measures
calculated in accordance with GAAP. Readers should note the chart at the
end of this release which sets forth how we calculate the non-GAAP
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.
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