Yesterday after the closing bell, Omnicity Corp. announced that it has signed an agreement with StarBand Communications Inc., a leading international satellite internet service provider. Through StarBand, the company will offer satellite high speed internet service in markets throughout the United States. Omnicity will rebrand this service as Omnicity Satellite Internet Services, intending to offer it to households that may not be able to receive Omnicity’s wireless internet or DSL services.
Planning to immediately launch this rebranded satellite service in all its markets, Omnicity will have a high speed internet solution for virtually every household in its markets. Omnicity Satellite Internet Services will be a value oriented service available for residential, small office/home office (SOHO) and small businesses. The addition of satellite high speed Internet enables the company to cover more areas, consequently increasing subscription revenues.
“We have people who call in on a daily basis that we can’t reach yet with our wireless and DSL coverage areas. With our new satellite capabilities, we can cover just about everybody,” stated Greg Jarman, CEO of Omnicity. Omnicity currently covers more than 20,000 square miles with its wireless coverage and can provide 38 states with DSL services. Our satellite service will more than triple the Omnicity coverage of marketable homes and Omnicity will add its satellite coverage capabilities in its application during the second round of the American Recovery and Reinvestment Act of 2009 to bring the Internet to all of rural America.”
Mr. Jarman added, “By having some method to deliver high speed internet service to virtually every home in our service areas, either wireless, DSL, and now Omnicity Satellite Internet Services, we truly can strive for exceptionally high market penetrations and an outstanding branded Omnicity presence. This translates to higher revenue and cash flow per home passed through existing Omnicity assets and, of course, into great long-term value for our shareholders. We are very excited to have consummated this satellite delivery deal and to begin marketing Omnicity Satellite Internet Services alongside our wireless and DSL options.”
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