All
statements, other than statements
of historical fact, included herein, are
forward-looking statements that involve various risks and
uncertainties. Galaxie Sport's offerings
compliment CME's market leading television networks TV Nova
in the Czech
Republic and Markiza TV in the Slovak Republic. Galaxie Sport currently has carriage
agreements with all
of the largest cable distributors in the Czech Republic and Slovak Republic
reaching
over 700,000 subscribers.)
Forward Looking Statements
This press release contains
forward-looking statements, including
statements regarding our business strategies and commitments
.
connector grassroots
Cybersurf is an independent Internet and communications company providing
Canadians with
a value-driven alternative to large incumbent carriers.7
million ($5. As our markets evolve, we
remain
committed to seeking avenues to prudently expand into new media businesses to
take full
advantage of the growth of consumer purchasing power and commercial
advertising across our footprint
."
For additional information, please visit http://www.otherwise targeted
Commenting on the announcement
, Michael Garin, Chief Executive Officer of
CME, said, "Following the success of our initial cable
channel initiatives in
Romania, this acquisition is an attractive opportunity to leverage our
management
and leading terrestrial network operations in the Czech Republic
and Slovak Republic to expand into
cable. CME
is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol
"CETV
.targeted activists
acquires politically
grassroots socially
The combined Czech Republic and Slovak Republic markets have a population
of approximately
15.com or
contact:
Jonathan Lesko / Mike Smargiassi (Investors)
Olga Shmuklyer
(Press)
Brainerd Communicators, Inc.thematic documentaries
2000
Fax: 403. Galaxie Sport owns valuable
broadcast
license rights to some of the most popular sports programming in its
markets including the National
Hockey League, Premier League (British
Football), Series A (Italian Football), Premiere Division
(Spanish Football),
the National Basketball Association, ATP Tennis tournaments, and motorcycle
and
automobile races.reaching targeted
2 million in 2004 and negative net operating income of CZK 14.akaku socially
The service is expected
to be offered initially in the following
major metropolitan areas throughout Canada: Vancouver, Burnaby
, Surrey,
Calgary, The Greater Toronto Area, London, Hamilton, Kitchener-Waterloo,
Guelph, Barrie
, Ottawa-Gatineau, Montreal, Laval and Longueuil.
In addition, Cybersurf is also announcing that
it will also be rolling out
a voice over Internet protocol ("VoIP") telephone service offering over
incumbent cable carrier facilities.targeted thematic
PRESS RELEASE Cybersurf Corp. to Offer Local Voice and Voice Over
Internet Protocol Services
The new VoIP service is
expected to be comparable in quality and feature
to similar services being
rolled out by some of the incumbent cable carriers, but Cybersurf expects
to offer its service at a significant discount relative to the
corresponding cable carrier offerings
.00 = 23.cetv-net.otherwise akaku
This new offering will combine the
provision of high quality local and long distance
voice services using
Internet protocol technology to Cybersurf's high-speed Internet customers
that
receive that service over a cable platform. Forward-looking statements are based on the
estimates
and opinions of management on the date the statements are made,
and Cybersurf does not undertake
an obligation to update forward-looking
statements should conditions or management's estimates or
opinions change.
300, 1144 - 29 Avenue NE,
Calgary, AB, T2E 7P1
Ph: 403.777."
Galaxie
Sport broadcasts high quality sports and sport-related programming
in the Czech Republic and Slovak
Republic. For these
statements and all other forward-looking statements, we claim the protection
of the safe harbor for forward-looking statements contained in the Private
Securities Litigation
Reform Act of 1995.
otherwise democracy
Cybersurf's common shares trade on the TSX Venture Exchange (TSX Venture:
CY).
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the
adequacy or accuracy of this press release. - Company Expands Beyond Terrestrial Television Through
Addition of Cable
Distribution Platform -
HAMILTON, Bermuda
, Central European
Media Enterprises Ltd.1 million) from PPF (Cyprus) Ltd. Galaxie Sport
held
no significant cash or debt (other than two loans mentioned above) at the
date of acquisition.reel voices
Cybersurf
is that choice.grassroots reaching
Cybersurf expects to be able to offer the new bundles at prices that are
significantly
lower than those at which the incumbent telephone companies
offer similar packages, thereby holding
to its objective of being a
value-added service provider.
Cybersurf believes Canadians want
'The Freedom of Choice' that comes with
having a truly independent provider as an alternative to
Canada's larger
incumbent telephone companies or cable carriers -- a choice that allows
users
to connect to the Internet how they want and with an independent
provider that focuses on the needs
of today's average user by providing
quality service at the best possible price.
+1-212-986
-6667
channels activists
cybersurf. ("CME") (Nasdaq: CETV; Prague Stock Exchange) today
announced that it
has acquired 100% of Galaxie Sport, the leading cable sports
channel serving the Czech Republic and
the Slovak Republic, for CZK 118.0 million.Community Video, along with Community Television and Public
Access Cable TV, promotes and supports independent programming that is produced by local or otherwise
non-affiliated TV and video makers, is targeted to local or grassroots communities, and intends to give
a voice to members of the community at large.
fstv reel
Both the traditional local services and the new
VoIP services will be
delivered through a number of Cybersurf subsidiaries that already provide
Internet
and/or long distance telephone services.cybersurf. Cable homes passed in the combined markets are approximately
1.cable broadcasts
For
more information about Cybersurf please visit www.com.
Forward Looking Statements
This news release may contain certain forward-looking statements.economically targeted
For more information about
Cybersurf, please visit www.otherwise cable
777.Central European Media Enterprises Acquires Cable Channel Galaxie Sport
Serving the Czech and Slovak Republics
The consideration includes the acquisition of two
loans in the amount of
CZK 69.
These amounts were calculated in accordance with Czech Accounting
Standards,
which differ in certain material respects from US GAAP. (The dollar amount in
this
press release has been converted from the CZK at a rate of $1.democracy voices
"These new planned services are
the first of a number of new voice services
that will fit well with our mission to provide Canadians
with a low-cost
alternative to all their Internet and telephone services," said Paul
Mercia, President
and CEO. Forward-looking statements are
inherently subject to risks and uncertainties, many of which
cannot be
predicted with accuracy or are otherwise beyond our control and some of which
might
not even be anticipated. Important factors that contribute to such
risks include, but are not limited
to, the rate of development of advertising
markets in countries where we operate, general market
and economic conditions
in these countries as well as in the United States and Western Europe, the
renewals of broadcasting licenses, the ability to acquire programming and the
ability to attract
audiences, the general regulatory environments where we
operate and application of relevant laws
and regulations.activists socially
Cybersurf Corp. ("Cybersurf") (TSX-V: CY), one
of Canada's leading independent
Internet service providers and Internet
technology companies, today announced that it has entered
into an agreement
with Call-Net Carrier Services ("CNCS"), a division of Sprint Canada Inc.
Cybersurf
prides itself on providing the highest possible quality of
services at the lowest possible prices
and is one of Canada's largest
independent Internet service providers.
There can be no assurance
that such statements will prove to be accurate
and actual results and future events could differ
materially from those
anticipated in such statements. Galaxie Sport will also have certain broadcast
rights
to Forumla 1 programming as part of a TV Nova contract beginning in 2006.8
million households
.36
CZK. The Company's television stations are located in Croatia (Nova TV),
Czech Republic (TV
Nova, Galaxie Sport), Romania (PRO TV, Acasa, PRO Cinema),
Slovakia (Markiza), Slovenia (POP TV,
Kanal A) and Ukraine (Studio 1+1).reaching politically
It is
Cybersurf's intention to start offering these services next
quarter.2003
Future events and actual results, affecting our
strategic plan as well as
our financial position, results of operations and
cash flows, could differ materially from those
described in or contemplated by
the forward-looking statements.voices economically
("Sprint"), that will enable Cybersurf
to offer low-cost local telephone
service and related features over a traditional wireline telephone
platform.6 million people representing approximately 6 million
households. Galaxie Sport reported
revenues of approximately CZK
106.
CME is a TV broadcasting company with leading networks
in six Central and
Eastern European countries reaching an aggregate of approximately 90 million
people
.socially cable
The new agreement will enable Cybersurf to bundle the new local service
with its existing
long distance and Internet offerings, thereby competing
directly with the incumbent telephone companies
for such service bundles.com.reel marginalized
About Cybersurf Corp. The
channel also produces 16 sports shows
weekly, as well as daily sports news
programs in the Czech and Slovak languages.2 million that had
been due from Galaxie Sport to PPF.reaching economically
A community sponsored library.
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