NEW YORK, July 19, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) has been informed by Unified Networks Ltd. that it has revoked its intention to sell 407,640 EXUS shares.
About Exus Networks Incorporated
Exus Networks is a global provider of a broad array of value-added, satellite and terrestrially based communication services to a diverse client base that includes medium to large multi-national businesses, Internet service providers and government agencies. Through service agreements and strategic relationships with satellite, teleport, terrestrial network operators, leading telecommunications partners, and the Company's satellite gateway and data center in New York, Exus Networks benefits from the growing need for affordable, premium quality, managed data networking services. This is particularly true in emerging markets, where Exus benefits from a first-mover advantage. Markets in which the Company is currently active include Uzbekistan, Poland, Ukraine, Kazakhstan, Cyprus and Greece. To learn more about the Company, please visit its Website at http://www.exus.net.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.