SPDE Speedus Corp (CE)

NEW YORK, June 7 /PRNewswire-FirstCall/ -- Speedus Corp. (NASDAQ:SPDE) today announced it has agreed to provide 30-day extensions to Verizon Wireless to answer the two law suits that Speedus' unit CellularVision Technology & Telecommunications, L.P. (CT&T) filed on May 11 against Cellco Partnership (d/b/a Verizon Wireless). Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). The suits address technologies now used by Verizon Wireless to transmit television to wireless users over cellular networks and the simultaneous transmission of analog and digital signals within the same bandwidth. In connection with the two complaints, CT&T is being represented by Fort Lauderdale-based Brown Robert LLP. Verizon Wireless is being represented by New York City-based Simpson Thacher & Bartlett LLP and by Miami-based Kenny Nachwalter, P.A. About Speedus Corp. Additional information on Speedus Corp. may be obtained at http://www.speedus.com/ or by contacting Peter Hodge at 888-773-3669 (ext. 23) or . Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward- looking statements made by the Company, including, but not limited to, the continuing development of the Company's sales, marketing and support efforts. DATASOURCE: Speedus Corp. CONTACT: Peter Hodge of Speedus Corp., +1-888-773-3669, ext. 23, Web site: http://www.speedus.com/

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