SOURCE: Gridline Communications, Inc.

February 10, 2006 16:21 ET

Gridline Communications Holdings, Inc. Announces Strategic Alliance With Allterra Holdings

HOUSTON, TX -- (MARKET WIRE) -- February 10, 2006 -- Gridline Communications Holdings, Inc., a fully reporting public corporation, announced today that the company has entered into a strategic alliance with Allterra Holdings, LLC, an international investment banking and network consulting firm involved in several international projects for broadband services in emerging markets. The agreement calls for Gridline to participate in the design and deployment of its BPL technology for broadband access and to provide content applications to drive the consumer demand for projects initiated by Allterra.

Gridline already has strong affiliate relationships in most of the areas where Allterra's BPL projects are planned. Under the terms of the strategic alliance agreement, Gridline will provide design and engineering services, all necessary BPL infrastructure, training and Tier 3 technical support, and access to its growing content applications. Activities such as installation and on site support and services will be provided through Gridline's affiliate partners.

"We are pleased to be recognized by a world-class organization and honored that Allterra Holdings has chosen to partner with Gridline in its efforts to bring BPL service and a wide range of valuable content to areas of the world that have been overlooked by traditional Internet service providers. Allterra has demonstrated that it is only interested in participating in and financing projects that are both socially responsible and have the potential to be very profitable. With Gridline's growing expertise in the ever-expanding BPL market and Allterra's track record of funding and managing successful ventures, this partnership should prove very fruitful for both the partners and all of those that will finally have affordable access to the wealth of information available through the Internet," states Blaize Kaduru, CEO of Gridline Communications Holdings, Inc.

About Allterra Holdings

Allterra Holdings, LLC is a New York-based venture capital and business consulting firm. The firm focuses on bringing projects and products to market that are both profitable and socially responsible. The company funds and lends its expertise in the United States and Europe as well as in developing nations around the world. To learn more about Allterra Holdings, please visit: www.allterraholdings.com.

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

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    Tony Drake
    281-579-1602
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