180 Connect Inc. Secures Its Second Major Fiber-To-The-Home Leisure Oriented Planned Community Project
October 15 2007 - 12:25PM
PR Newswire (US)
Stock Symbols: OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB TORONTO, ON and
ENGLEWOOD, CO, Oct. 15 /PRNewswire-FirstCall/ -- 180 Connect Inc.
("180 Connect" or the "Company") (OTCBB: CNCT.OB, CNCTU.OB,
CNCTW.OB), one of North America's largest providers of
installation, integration and fulfillment services to the home
entertainment, communication, and home integration service
industries, today announced that it has been awarded the contract
to provide the fiber-to-the-home ("FTTH") and video and technology
services to Southfork Landing, a 868 acre, 606 homes, conservation
oriented, planned community located in Boise County, Idaho. The
project is scheduled to begin immediately with a term of
approximately two years. Southfork Landing represents the second
leisure orientated planned community project for the Company, the
first being a 400 high-end luxury home resort community located
outside of Telluride Colorado announced in November 2006. "We are
pleased to be working with Dynamis, the Boise, Idaho based
developer who is creating this exceptional residential community
outside of Boise," stated Mr. Peter Giacalone, President and CEO of
180 Connect. "The investment in 180 Network Services is an
important move for the Company and complements our existing
operations." Mr. Giacalone continued, "Increasing our presence and
putting our capital to work in key markets is an important part of
our long term growth strategy and will assist in advancing our
growing leadership position in the FTTH market." About 180 Connect
180 Connect Inc. is one of North America's largest providers of
installation, integration and fulfillment services to the home
entertainment, communications and home integration service
industries. With more than 4,000 skilled technicians and 750
support personnel based in over 85 operating locations, 180 Connect
is well positioned as the only pure play national residential
service provider in the market. About Southfork Landing Located in
Garden Valley, Idaho along 4 miles of the South Fork of the Payette
River 45 minutes north of Boise, Southfork Landing is an 868 acre
conservation oriented, planned community that will include 2 miles
of private trout streams, 40 acres of lakes, the first private pond
to pond whitewater park in America and 606 homes. There has been a
considerable planning effort expended to develop a beautiful
residential community in this pristine setting, maintaining a
concerted sensitivity to the property's unique character. This
project will be one of the largest planned communities between
Sun-Cor's Avimor and Tamarack Resort in Valley County.
Forward-Looking Statements This news release contains
forward-looking statements which reflect management's expectations
regarding the future growth, results of operations, performance and
business prospects and opportunities. Statements about future plans
and intentions, results, levels of activity, performance, goals or
achievements or other future events constitute forward-looking
statements. Wherever possible, words such as "may", "should",
"could", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict" or "potential" or the negative or other
variations of these words, or other similar words or phrases, have
been used to identify these forward-looking statements. These
statements reflect management's current beliefs and are based on
information currently available to management. Forward-looking
statements involve significant risk, uncertainties and assumptions.
See "Risk Factors" contained in Ad.Venture's Form S-4/proxy
statement dated August 9, 2007 and contained in the Company's
Annual Information Form for the year ended December 31, 2006 and
its Management Information Circular dated July 6, 2007. Many
factors, including those discussed under "Risk Factors", could
cause actual results, performance or achievements to differ
materially from the results discussed or implied in the
forward-looking statements. These factors should be considered
carefully and prospective investors should not place undue reliance
on the forward-looking statements. Although the forward-looking
statements contained in this news release are based upon what
management believes to be reasonable assumptions, no assurance can
be given that actual results will be consistent with these
forward-looking statements. These forward-looking statements are
made as of the date of this news release and Ad.Venture, Purchaser,
Canco or the Company assumes no obligation to update or revise them
to reflect new events or circumstances, except as required by law.
DATASOURCE: 180 Connect Inc. CONTACT: the following or visit our
website at http://www.180connect.net/. Claudia A. Di Maio, Director
Investor Relations, TEL: (866) 995-8888, DIRECT LINE: (416)
930-7710, EMAIL: ; Devlin Lander, Integrated Corporate Relations,
TEL.: (415) 292-6855
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