| [March 11, 2008] |
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MST Holdings' subsidiary launches Quad-Play services in California market
HAWTHORNE, N.J. --(Business Wire)-- MSTI Holdings, Inc. (OTCBB: MSHI), a carrier class communications technology company specializing in providing true quad-play services to residential, hospitality and commercial properties, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST, Inc./NuVisions), has launched Quad-Play services at its first project in San Francisco, a strategic market for MST's West Coast growth.
MST now offers Quad-Play and NuConcierge solutions to residents of One Rincon Hill, currently the tallest residential building west of the Mississippi River. As part of the agreement with Urban West Associates, residents and building management at One Rincon Hill now have access to a comprehensive suite of leading-edge digital services including digital satellite TV programming, Voice-over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services. NuVisions Broadband high-speed internet service will be delivered to residents either through cable modem or via every electrical outlet in each apartment, using the patented Telkonet iWire System via Powerline Communications (PLC)
"We are excited to launch at our first property in California, a receptive market for the cutting edge communications services we offer," said Frank Matarazzo, CEO of MST Inc. "This property, with its sophisticated residents, offers the ideal venue for our launch into this new market. We believe that our "quad-play" offering, together with the NuConcierge solution, will afford Urban West Associates a competitive advantage in marketing this premier multi-tenant property."
Integrated with the NuVisions digital services delivery platform, NuConcierge transforms large residential properties into vibrant communities with efficient, streamlined processes - enabling easy communication and interaction between residents, staff and building management. NuConcierge has the flexibility to integrate critical management modules such as package tracking, maintenance, and resident data management with an easy and fun to use, customizable portal for residents.
"One Rincon Hill has worked diligently to deliver a unique mix of high-end services for our owners," commented Mike Kriozere, managing partner of Urban West Associates. "We believe that these cutting-edge amenities are a perfect complement to one of San Francisco's newest luxury properties."
One Rincon Hill is located at the corner of First Street and Harrison Street. It is a luxury high-rise residential development that is one of San Francisco's tallest landmarks, offering 675 condominiums in 64- and 52- story towers, as well as 14 townhomes.
"When Urban West Associates engaged us to bring high end services into One Rincon Hill, we felt that MST's service offerings would be a valuable part of the overall competitive telecommunication environment at the property. We know from past experience with MST that they deliver on their promises to their customers," said Jerry Marmelstein, president of Riser Management Services, Inc., the technology and telecommunications consultant for Urban West Associates.
About Urban West Associates
Urban West Associates was founded in 1990 by Michael Kriozere, who has been active in urban residential and commercial development since 1965. His 40-year career includes $1.02 billion in project value, over 5,300 units of multi-family high-rise and garden apartments/condominiums and approximately 800,000 sq.ft of commercial retail and office development. In addition to One Rincon Hill, San Diego-based Urban West Associates has developed One Embarcadero South in San Francisco and CityFront Terrace in San Diego, as well as CityFront Square planned for San Jose.
About Riser Management Services, Inc.
Riser Management Services, Inc. is a communications consulting and engineering firm based in Burlington, Vermont. Riser provides its clients with consulting services on wired and wireless communications issues and also designs, engineers and manages state of the art Communications Distribution Systems and building rooftop wireless sites. For more information go to www.riser.com.
About One Rincon Hill
Among the most important new structures to grace the San Francisco skyline in over 30 years, One Rincon Hill's slender, soaring 64- and 42-story towers make it the tallest residential only property west of the Mississippi River. The $300 million project at the gateway of the re-emerging Rincon Hill neighborhood will feature 668 private residences, including one-, two-, and three-bedroom homes, each with views of the City and Bay from panoramic floor-to-ceiling windows and extra-large balconies, including 14 townhomes, a swimming pool, sundeck, fitness center and an elegant parking facility with valet parking. Phase I of One Rincon Hill began phased occupancy in Feb. 2008, and is 98% reserved. Phase II will break ground in May 2008. For more information, visit the sales center (open daily) at 511 Harrison Street, call (415) 744-8886 or go online at www.onerinconhill.com.
About NuVisions
NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers "quad play" services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York, New Jersey and San Francisco. For more information, please visit www.nuvisions.tv.
About MST Inc.
MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., (MSHI.OB) is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST Inc.'s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments. For more information, visit our websites at www.mst-online.com and www.nuvisions.tv.
Safe Harbor Statement
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results can be found in the Company's Report on Forms 8-K filed with the Securities and Exchange Commission (SEC).
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