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
coquinn@eglw.com
Susan Ladue
Investor Relations
National Financial Network
800-649-0983
760-931-9211
susan@nfnonline.com
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SOURCE Eagle Broadband
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