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MSTI Holdings, Inc. (OTCBB: MSHI), a carrier class communications technology company specializing in providing true quad play services to residential, hospitality and commercial properties, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST, Inc./NuVisions), joins consumers and other technology innovators in applauding the recent Federal Communications Commission (FCC) decision. The decision denied Verizon’s forbearance petitions that sought to eliminate pro-competitive rules in six major East Coast markets affecting 34 million Americans. By denying the petitions, the FCC acted to protect competitive choice in the Boston, MA, Providence, RI, New York City, NY, Virginia Beach, VA and Philadelphia and Pittsburgh, PA markets. “The FCC’s denial continues to advance consumer choice and spurs price competition for the benefit of telecommunications users. Verizon remains obligated by law to provide unbundled network elements at regulated prices to competitors in several densely populated metropolitan service areas, including New York City and New Jersey where MST operates,“ said Frank T. Matarazzo, CEO, Microwave Satellite Technologies, Inc. “If Verizon’s forbearance request had been granted, it likely would have been too costly for us to obtain the required unbundled network elements to access its networks.” We likewise commend Chairman Martin and the Commissioners for initiating a review of the FCC’s forbearance process. Reevaluating and developing relevant rules and procedures to govern the consideration of forbearance petitions going forward will propel competition nationwide,” added Matarazzo. About NuVisions NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers “quad play” services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York and New Jersey. For more information, please visit www.nuvisionsbroadband.com. About MST Inc. MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., (MSHI.OB) is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. 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. MST Inc.’s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has 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 Report on Forms 8-K filed with the Securities and Exchange Commission (SEC)
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For more information visit www.nuvisions.tv.
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