Lyfe Communications Increases Bandwidth Services at 17 Apartment Complexes
New Contract Allows Lyfe Communications to Provide Services to Thousands of
SALT LAKE CITY, Nov. 15, 2012 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc.
(OTCBB:LYFE), a technology leader in the development of next generation media
services integrating TV, high-speed Internet and enhanced voice services,
today announced that it has executed a contract to provide increased bandwidth
to 17 Multiple Dwelling Unit (MDU) properties in Texas, California, and Utah.
These contracts will increase the total service capacity, allowing the company
to provide Internet, Phone, and Television services to thousands of new
customers at the targeted MDU properties. Cost effective bandwidth is
essential to providing these advanced digital media services to consumers.The
company is tapping into one of the largest IP networks in the country by
working with AT&T.Increased bandwidth and service capacity is expected to be
in place within the next 60 days.
"This is the result of months of work with property managers and an extensive
bid process with network providers," said Garrett Daw, EVP of Operations at
Lyfe Communications."It is a dramatic increase of our service reach in the
MDU sector, and provides the flexibility for further expansion on a network
with a long operating history and national footprint.We can focus on these
new customer opportunities and look at adding any new properties across
multiple markets seamlessly."
This press release may contain forward-looking statements including the
Company's beliefs about its business prospects and future results of
operations. These statements involve risks and uncertainties. Among the
important additional factors that could cause actual results to differ
materially from those forward-looking statements are risks associated with the
overall economic environment, changes in anticipated earnings of the company
and other factors detailed in the company's filings with the SEC. In addition,
the factors underlying Company forecasts are dynamic and subject to change and
therefore those forecasts speak only as of the date they are given. The
Company does not undertake to update them; however, it may choose from time to
time to update them and if it should do so, it will disseminate the updates to
the investing public.
CONTACT: Lyfe Communications, Inc.
Garrett R. Daw
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