MST-NuVisions Wins 2008 Communications Innovator Award
Award for Most Innovative Emerging Wireless Provider Was Announced by New Paradigm Resources Group, Inc. and Pipeline Magazine
Hawthorne, N.J., Nov. 24 -- MSTI Holdings, Inc. (BULLETIN BOARD: MSHI) , a carrier class communications technology company providing a host of quadruple-play services, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST), has been awarded a 2008 Communications Innovator Award for Most Innovative Emerging Wireless Provider. New Paradigm Resources Group, Inc. (NPRG) and Pipeline Magazine announced the recipients of its Fall 2008 Communications Innovator Awards earlier this month.
MST-NuVisions was recognized for its use of upper millimeter wave gigabit wireless technology to support delivery of true broadband solutions within its network. The point-to-point technology over licensed spectrum amounts to having "fiber in the sky," which the company uses to extend as well as enhance leased fiber and local loops to Multi-Tenant Unit residential and commercial Dwelling buildings.
Based on a native Ethernet platform, the company tapped BridgeWave Communications' gigabit Ethernet products for carrier-class transport.
In the dense New York metropolitan market, the services MST provides increase exponentially the number of serviceable addresses; all while keeping operating costs under control and allowing installation intervals to be dramatically shortened. Because the technology itself is not the end-product, marketing remains focused on services-voice, video and data-delivered as reliably as over a landline. This innovative integration of multi-gigabit wireless links into a hybrid delivery platform will be a key enabler of future growth, especially in the residential arena.
"Winning this award recognizes the expertise of our teams in the research, development and deployment of leading-edge wireless solutions that support and advance commercial and residential communications services," said Frank T. Matarazzo, CEO and Founder, MST. "This innovative approach has enabled us to support a suite of quadruple-play services in a major metropolitan city such as New York."
"As capacity requirements for business and backhaul grow rapidly, network operators can leverage BridgeWave's cost-effective wireless fiber alternative that offers uninterrupted connectivity and gigabit data rates," said Amir Makleff, president and CEO of BridgeWave Communications. "MST's in-depth understanding of the underlying technology and communications business has enabled them to utilize our products for seamless network connectivity and differentiated service offerings to their end customers. We congratulate MST on receiving this award."
About MST (NuVisions (TM))
MST (NuVisions(TM)), a trademarked-brand of services of Microwave Satellite Technologies, Inc., offers "quadruple-play" services, including digital satellite TV programming with up to 75 channels of high definition television (HDTV), Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit and commercial properties in New York and New Jersey. For more information, please visit: www.nuvisions.tv.
About MSTI Holdings, Inc.
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. MSTI 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. MSTI's MST (NuVisions(TM)) broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MSTI delivers its services using microwave and fiber optic technology for superior performance, and now offers up to (75) channels of high definition television (HDTV). MSTI has recently begun deployment of its new Interactive Wi-Fi, hot-zone system that offers wireless Internet service in large geographic areas of New York City and New Jersey, 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 website at www.mst-online.com
About BridgeWave Communications Founded in 1999, BridgeWave Communications is the leading supplier of outdoor Gigabit wireless connectivity solutions. The company's exclusive AdaptRate(TM) and AdaptPath(TM) technologies combined with its advanced Forward Error Correction capability deliver the highest availability at the longest distances for full-rate gigabit links. BridgeWave's point-to-point, wireless solutions are widely deployed in mainstream enterprise and service provider network applications and are poised to play a key role in the migration to 4G mobile network backhaul. With the largest installed base of GigE radios worldwide, BridgeWave delivers the highest levels of product quality and reliability. For more information, visit www.bridgewave.com.
For investor relations inquiries and/or interviews with MSTI Holdings, Inc. and MST (NuVisions(TM)) CEO and Founder Frank T. Matarazzo, please contact Harrison Wise, PR at mst-online.com, 917-805-3213.
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 10KSB filed with the Securities and Exchange Commission (SEC) on July 31, 2007 and other SEC filings.
