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.