SOURCE: CYBERSURF CORP.

April 07, 2006 18:51 ET

CYBERSURF Applauds CRTC Local Forbearance Decision

CALGARY, AB -- (MARKET WIRE) -- April 7, 2006 -- Cybersurf Corp. (TSX-V: CY) ("Cybersurf"), one of Canada's leading independent Internet service providers, issued the following statement in response to yesterday's ruling by the Canadian Radio-television and Telecommunications Commission ("CRTC") regarding forbearance from the regulation of retail exchange services offered by incumbent local exchange carriers ("ILECs"), such as Telus Communications Inc., Saskatchewan Telecommunications, MTS Allstream Inc., Bell Canada and Aliant Telecom Inc.

"The forbearance decision is designed to provide ILECs with significant freedom from regulation of local phone services, but only in circumstances where reduced regulatory oversight will not jeopardize the ongoing viability of competition in the provision of such services or compromise other essential consumer interests. The CRTC's decision is entirely consistent with the view recently expressed by the Telecommunications Policy Review Panel in its Final Report to the Minister of Industry that markets for telecommunications services should only be deregulated where service providers in those markets do not enjoy significant market power.

Cybersurf is particularly encouraged by the requirement in the decision that an ILEC must obtain CRTC approval for a Competitor Services tariff for certain wholesale asymmetrical digital subscriber line ("ADSL") and related services that competitors require in order to provide their own competing local exchange services, before the ILEC is granted forbearance from regulation with respect to its local phone services. This ruling is consistent with Cybersurf's submissions in the proceeding leading up to the decision, and is crucial since ILEC wholesale services are required by competitors such as Cybersurf that rely on voice over Internet protocol ("VoIP") technology to compete in the provision of local phone service.

Cybersurf is hopeful that the CRTC will give effect to this ruling by only approving ILEC Competitor Services tariffs designed to foster competition in local phone services to the greatest extent possible."

About Cybersurf Corp.

Cybersurf is an independent Internet and communications company providing Canadians with a value-driven alternative to large incumbent carriers. Cybersurf prides itself on providing the highest possible quality of services at the lowest possible prices. Cybersurf believes Canadians deserve 'The Freedom of Choice' that comes with having a truly independent provider as an alternative to Canada's larger incumbent telephone companies or cable carriers -- a choice that allows users to connect to the Internet how they want and with the best quality service at the best possible price. Cybersurf is that choice.

Cybersurf's common shares trade on the TSX Venture Exchange (TSX-V: CY). The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release may contain certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Cybersurf does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.

For more information about Cybersurf please visit www.cybersurf.com. For more information about the press release please contact Paul Mercia at (413) 777-2000 (ext. 262) or at investor.relations@cybersurf.com.

Contact Information

  • Contact:
    Paul Mercia
    Cybersurf Corp.
    (413) 777-2000 (ext. 262)
    Email Contact

    300, 1144 - 29 Avenue NE
    Calgary, AB T2E 7P1
    Ph: 403.777.2000
    Fax: 403.777.2003