MSTI Holdings (NuVisions(TM)) Gains over 2,000 Customers at Newport on Jersey City's Hudson River Waterfront

Monday July 23, 7:00 am ET
Provider of 'Quadruple Play' Technology Doubles Customer Base


HAWTHORNE, N.J., July 23 /PRNewswire-FirstCall/ -- MSTI Holdings, Inc. (OTC Bulletin Board: MSHI - News), a carrier class communications technology company that specializes in providing "quadruple play" services consisting of video, voice, Internet and Wi-Fi to multi-tenant unit and multi-dwelling unit residential, hospitality and commercial properties, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (NuVisions(TM)), has doubled its current customer base by acquiring over 2,000 new residential and commercial telecommunications subscribers at Newport, a vast mixed-use community in Jersey City, N.J. being developed by the LeFrak Organization. The Company also has leased 1400 square feet of space in Newport Office Center I.


"Our agreement with Newport not only provides us with an opportunity to increase our revenue by doubling our customer base, but it affords access to the tremendous portfolio of the LeFrak Organization," remarked Frank Matarazzo, CEO and founder of MST (NuVisions(TM)). "We will now be providing our bundle of data and video products to over 120 commercial customers, including Marriott, Sears, and UBS Financial, which advances our strategy of gaining high-revenue business subscribers who may have been underserved or ignored by our competitors in the region."

MST will also launch its new IPTV service to Newport's residential and business customers, who will have access to this advanced service due to the community's existing bandwidth infrastructure. The Company's new location in Newport will mark a major accomplishment for MST (NuVisions(TM)), as it continues to expand beyond Manhattan.

"We're very pleased to have entered into this agreement with Microwave Satellite Technologies," said Jamie LeFrak, Managing Director of the LeFrak Organization. "It allows us to offer state-of-the-art services to our Newport tenants. We also anticipate working with them to identify other opportunities to extend their services throughout the LeFrak portfolio."

The plan is for Newport to expand to more than 10,000 residential units, thereby making it one of the largest mixed-use communities in the United States. Located across the Hudson River from New York City's financial district, Newport offers commuters an easy 6-minute ride to Manhattan on the PATH subway system.