SOURCE: Gridline Communications, Inc.

February 14, 2006 08:00 ET

Gridline Communications Corp. Announces Strategic Alliance With UK-Based eXstream Networks

HOUSTON, TX -- (MARKET WIRE) -- February 14, 2006 -- Gridline Communications Holdings Inc., a fully reporting public corporation, announced today that the company has entered into a memorandum of understanding (MOU) with eXstream Networks of the United Kingdom wherein Gridline will provide content as well as the "last mile" solution to eXstream Network's subscribers. A definitive agreement is expected to be completed by the end of March.

eXstream Networks is a broadband network company with licenses to deploy high speed access to all counties of the UK, including those in rural areas. The company currently has contracts in place with two counties ready for VDSL deployment with a targeted start date of on or about April 1, 2006. eXstream is completing negotiations for several additional projects in the UK. Gridline plans to partner with and supply content to eXstream in its future deployment projects as well.

"The strategic alliance we are forging with eXstream Networks should provide us with both an entry into the UK and European markets as well as a new outlet for our growing content portfolio. As Gridline continues to add content offerings such as VoIP telephony, video teleconferencing, distributive video, video on demand, long distance learning and access to a wide variety of medical, technical and educational databases, its desirability as a partner should increase throughout the world. Whether we are designing and deploying complete Broadband via Powerline (BPL) networks, lending consulting services or supplying content to existing networks, Gridline is moving quickly to establish itself as a leader in the rapidly growing BPL and traditional broadband industries in its efforts to grow long-term shareholder value," states Blaize Kaduru, CEO of Gridline Communications Holdings, Inc.

About eXstream Networks

eXstream Networks deploys locally based, locally managed data and communication networks, designed to reduce costs and increase the power and scope of electronic communications for local businesses, the public sector and homes. These networks are the direct result of the recent increased effectiveness of deregulation of telecommunications in the UK and other European countries combined with the latest advances in technology. eXstream Networks are created through collaboration with telecoms wherein the company is granted access to local exchanges, allowing for the installation of state-of-the-art technology to transform the value and usefulness of normal telephone wires. To learn more about eXstream Networks, please visit: www.exstream.co.uk.

About Gridline Communications Corp.

Gridline Communications Holdings, Inc. is a Texas-based corporation focused on Broadband over Power Line (BPL) deployment using proven BPL technologies, coupled with proprietary intellectual properties, to provide high-speed broadband connectivity and a variety of market driven applications such as Voice over Internet Protocol (VoIP) telephony, security, streaming video, telemedicine, and long-distance learning. Gridline's products are capable of reaching over 87 percent of the world's population without investing the significant additional infrastructure capital costs typically required with telecom copper wire, radio towers, or fiber networks. Additional information can be found by visiting its Web site at www.gridlinecommunications.com.

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • Contact:
    Phoenix IR Associates
    Tony Drake
    281-579-1602
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