Speedus Subsidiary NetfreeUs Files FCC Application for Free Nationwide Wireless Public Broadband Service
March 05 2007 - 8:00AM
PR Newswire (US)
NEW YORK, March 5 /PRNewswire-FirstCall/ -- NetfreeUs, LLC, a
wholly owned subsidiary of Speedus Corp. (NASDAQ:SPDE), has asked
the FCC for authority to manage a new nationwide Wireless Public
Broadband (WPB) network in the 2155- 2175 MHz frequency band. Like
viewers of free over-the-air television and radio, consumers of
NetfreeUS' Wireless Public Broadband ("WPB") service will never
incur monthly fees. NetfreeUS will coordinate third-party lessees
who would own and operate wireless access points ("WAPs").
Initially, no lessee would be authorized to operate more than fifty
(50) WAPs. WPB will promote localism and the provision of
advertising and public service messages targeted to local interests
and communities, as well as local business and economic
development, through ubiquitous coverage provided by
small-footprint networks. In addition, user-designated advertising
would permit local customization of advertising messages to inform
users about products and services of interest in the community.
Shant Hovnanian, Chairman and CEO of Speedus, said "Our proposal
has tremendous potential to restore the Internet to the public as a
free service. Consumers will benefit even more by having the power
to determine the advertising and public service messages they
receive. By using local entrepreneurs and municipalities to provide
the service, the NetfreeUS system will make broadband available to
rural and underserved areas, will stimulate competition and will
assist first responders. We look forward to working with the FCC on
this unique opportunity." About Speedus Corp. Speedus is a pioneer
in wireless broadband, owning both wireless spectrum and a
portfolio of broadband IP. Speedus also holds controlling interests
in Zargis Medical Corp. and F&B G�dtfood Holdings, Inc.
Additional information on Speedus Corp. and its services may be
obtained at http://www.speedus.com/ or by contacting Peter Hodge at
888-773-3669 (ext. 23) or . Statements contained herein that are
not historical facts, including but not limited to statements about
the Company's product, corporate identity and focus, may be
forward-looking statements that are subject to a variety of risks
and uncertainties. There are a number of important factors that
could cause actual results to differ materially from those
expressed in any forward- looking statements made by the Company,
including, but not limited to, the continuing development of the
Company's sales, marketing and support efforts. DATASOURCE: Speedus
Corp. Contact: Peter Hodge for Speedus Corp., +1-888-773-3669 ext.
23, or Web site: http://www.speedus.com/
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