Eagle Broadband and ClearWorks Capture $40 Million Contract to Provide Fiber-to-the-Home and Bundled Digital Services to Stone Gate Canyon Lakes
Master-Planned Community Becomes Tenth ClearWorks Fiber-to-the-Home Community
in Greater Houston Area
LEAGUE CITY, Texas, Jan. 29 /PRNewswire-FirstCall/-- Eagle Broadband (Amex: EAG) announced today that its ClearWorks Communications subsidiary has been selected to provide its Fiber-to-the-Home (FTTH) technology and Bundled Digital Services (BDS(SM)) to Stone Gate Canyon Lakes, a 352-acre master-planned community located at Barker Cypress Road and Tuckerton Road, in northwest Houston, Texas. When complete, this premier residential community developed by Land Tejas Development, will consist of more than 1,468 single-family homes. Gross revenues from the ClearWorks BDS package over the anticipated 25-year life of the project are projected to total in excess of forty million dollars, with significant net profitability. Construction in Stone Gate Canyon Lakes has already begun and approximately two hundred homes have been completed. Stone Gate features its own swim center complete with clubhouse, competition pool and children's pool, a recreation complex with lighted tennis courts, sand volleyball and lighted basketball pavilion, and beautifully landscaped parks. According to Land Tejas Principal, Al P. Brende, "Stone Gate Canyon Lakes promises to be a world-class, gated, master-planned community with three lakes that feature miles of jogging trails, extensive landscaping, lighted fountains and an open-air pavilion. We're certain our residents will appreciate the full array of FTTH services available through ClearWorks' BDS package. These leading-edge communications services are the perfect complement to the high-tech atmosphere of our communities." Manny Carter, President and COO of Eagle Broadband, commented, "With our ClearWorks Fiber-to-the-Home (FTTH) system in place, homeowners will have the opportunity to access our Bundled Digital Services, which include high- quality, cable-style television over fiber; local and long-distance telephone; high-speed broadband Internet connectivity; and security monitoring services. And, whether residents choose their communication services from our "a la carte" menu or one of several bundled packages, they'll enjoy the convenience of receiving a single, itemized invoice from ClearWorks instead of multiple bills from multiple suppliers." Carter went on to say, "This new contract is particularly attractive to Eagle Broadband and ClearWorks because of the close proximity of Stone Gate Canyon Lakes to Canyon Gate at Stone Gate, our Land Tejas Development community that is already fully operational. The location of Stone Gate Canyon Lakes will greatly reduce the additional infrastructure cost to connect this new community to our existing fiber network." About Eagle Broadband Eagle Broadband (d/b/a for Eagle Wireless International, Inc., and its subsidiaries) is a leading supplier of broadband wired and wireless products and services, including advanced set-top boxes, one-way and two-way wireless messaging equipment, specialized mobile radio products, and remote data acquisition systems. Eagle also has extensive "last mile" cable and fiber installation capabilities and provides complete IT business integration and enterprise management solutions to Fortune 1000 companies. Eagle's ClearWorks subsidiary positions the company as the leading provider of Fiber-to-the-Home (FTTH) and allows the company to provide Bundled Digital Services (BDS(SM)) packages that include cable-style television over fiber, local and long- distance telephone service, high-speed broadband Internet connectivity, and security monitoring services. The company's ClearWorks subsidiary also markets structured wiring, home automation products, home theater entertainment centers, communication systems, and security systems to homebuilders nationwide as well as to its contracted BDS communities. The company is headquartered in League City, Texas, south of Houston, near the NASA Johnson Space Center. Further news updates on Eagle Broadband, its products and services are available at www.eaglebroadband.com, www.eglw.com, www.broadbandmagic.com, www.atlanticpacific.com, www.etoolz.com, www.clearworks.com, www.linktwo.com, www.ucgi.com, and www.nfnonline.com/eag. Forward-looking statements in this release regarding Eagle Wireless International, Inc., d/b/a Eagle Broadband and its ClearWorks subsidiary, Land Tejas Development and Canyon Lakes at Stone Gate are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. Clareen O'Quinn Investor Relations Eagle Broadband 800-628-3910 281-538-6000 firstname.lastname@example.org Susan Ladue Investor Relations National Financial Network 800-649-0983 760-931-9211 email@example.com MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X23484796
SOURCE Eagle Broadband
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