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MST (Nuvisions(TM)) Expands Into California Market Offers Quad-Play Digital Services and eConcierge Solution In California's Tallest Residential Tower
HAWTHORNE, N.J. --(Business Wire)-- MSTI Holdings, Inc. (OTCBB: MSHI), a carrier class communications technology company that specializes in providing true quadruple play services to residential, hospitality and commercial properties, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST) (NuVisions(TM)), will enter its first project in the San Francisco area as a result of having been selected by Urban West Development to provide genuine Quad-Play and eConcierge solutions to residents of One Rincon Hill, the tallest residential building west of the Mississippi River. As part of the agreement, NuVisions will provide residents and building management at One Rincon Hill, with a comprehensive suite of leading-edge digital services including digital satellite TV programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services.
"This launch into the San Francisco area is an important step in our growth strategy, which includes expanding our services footprint into strategic U.S. markets," said Frank Matarazzo, CEO of MST Inc. "We believe that the NuVisions' true "quadruple-play", together with the eConcierge, offers the perfect solution for the demanding needs of the premier multi-tenant market."
Integrated with the NuVisions digital services delivery platform, the NuVisions eConcierge transforms large residential properties into vibrant communities with efficient, streamlined processes - enabling easy communication and interaction between residents, staff and building management. eConcierge seamlessly integrates critical management modules such as package tracking, maintenance, and resident data management with an easy and fun to use, customizable portal for residents.
"One Rincon Development has worked diligently to create a unique mix of high end services for our owners, including MST's eConcierge," commented Mike Kriozere, managing partner of Urban West Associates. "We believe that these cutting edge amenities are a perfect complement to San Francisco's newest architectural icon."
One Rincon Hill is located at the corner of First Street and Harrison Street. It is a luxury high-rise residential development that, when completed in early 2008 (Phase 1), will become one of San Francisco's tallest landmarks, offering 695 condominiums in 55- and 45- story towers, as well as 14 townhomes.
"When Urban West Associates engaged us to bring high end services into One Rincon Hill, we felt that MST's service offerings would be a valuable part of the over all competitive telecommunication environment at the property. We know from past experience with MST that they deliver on their promises to their customers," said Jerry Marmelstein, president of Riser Management Services, Inc., the technology and telecommunications consultant for Urban West Associates.
MST's NuVisions offerings were the first in the New York region to integrate quadruple play services using a common infrastructure, providing an unobstructed path for deploying new and innovative future services that are uniquely tailored to the residential property environment. The NuVisions services are currently offered in a number of high-profile buildings in New York metropolitan area, and its list of property owner clients includes the Trump Organization, whose portfolio features such high-profile buildings as Trump Tower, Trump Palace, Trump Parc, and Trump Parc East.
About Urban West Associates
Urban West Associates was founded in 1990 by Michael Kriozere, who has been active in urban residential and commercial development since 1965. His 40-year career includes $1.02 billion in project value, over 5,300 units of multi-family high-rise and garden apartments/condominiums and approximately 800,000 sq.ft of commercial retail and office development. In addition to One Rincon Hill, San Diego-based Urban West Associates has developed One Embarcadero South in San Francisco and CityFront Terrace in San Diego, as well as CityFront Square planned for San Jose.
About Riser Management Services, Inc.
Riser Management Services, Inc. is a communications consulting and engineering firm based in Burlington, Vermont. Riser provides its clients with consulting services on wired and wireless communications issues and also designs, engineers and manages state of the art Communications Distribution Systems and building rooftop wireless sites. For more information go to www.riser.com.
About One Rincon Hill
Among the most important new structures to grace the San Francisco skyline in over 30 years, One Rincon Hill's slender, soaring 55- and 45-story towers make it the tallest residential only property west of the Mississippi River. The $290 project at the gateway of the re-emerging Rincon Hill neighborhood will feature 709 private residences, including one-, two-, and three-bedroom homes, each with views of the City and Bay from panoramic floor-to-ceiling windows and extra-large balconies, including 14 townhomes, a swimming pool, sundeck, fitness center and an elegant parking facility with valet parking. Phase I of One Rincon Hill opens in early 2008, and is 95% sold. For more information, visit the sales center (open daily) at 511 Harrison Street, call (415) 744-8886 or go online at www.onerinconhill.com.
About MST (NuVisions (TM))
MST (NuVisions(TM)), a trademarked-brand of services of Microwave Satellite Technologies, Inc., offers "quadruple-play" services, including digital satellite TV programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit and commercial properties in New York and New Jersey. For more information, please visit www.nuvisionsbroadband.tv.
About MSTI Holdings, Inc.
MSTI Holdings, Inc. is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MSTI offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MSTI's MST (NuVisions(TM)) broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MSTI delivers its services using microwave and fiber optic technology for superior performance, and now offers over 40 channels of high definition television (HDTV). MSTI has recently begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments. For more information, visit our websites at www.mst-online.com and www.nuvisions.tv.
Safe Harbor Statement
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC) on May 30, 2007.
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