NEW YORK, Oct. 11, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) today announced the appointment of Mr. Nassar Al-Maisary and Retired Major General Hazza Sultan Al Darmaki as advisors to Exus. Mr. Al-Maisary is a well-established businessman with excellent contacts in the Middle Eastern and African Markets. During the last 25 years, Mr. Al-Maisary has assisted companies develop businesses and joint ventures, lobbied governments on his clients behalf and raised investment capital for many companies around the world. Retired Major General Hazza Sultan Al Darmaki is now Chairman and CEO, of High Standard Group headquartered in Abu Dhabi, UAE. High Standard Group will represent Exus' interests and assist in marketing Exus Educational products in the UAE.
In a meeting this week in Dubai, Mr. Daniel Imperato, a consultant and shareholder of Exus, Mr. Al-Maisary and Mr. Al Darmaki meet with Thuraya Satellite Telecommunications Company Chairman Mr. Mohammed Omran and have agreed in principal to proceed forward with the intention to complete a formal licensing agreement between Exus and Thuraya for distribution of Thuraya products in the USA and Canada.
Mr. Imperato, commented: "Mr. Al-Maisary's and Mr. Al Darmaki's support and association with Exus, enables Exus to access UAE markets and personalities within the investment community in the Middle East and Africa. This week in Dubai we had several discussions with Investment Groups, for investment and business opportunities for Exus; this joint cooperation is expected to bring results to Exus in the way of investment capital, distribution of our Education Network courses and a partnership with Thuraya."
About Exus Networks Incorporated
Exus Networks is a global provider of a broad array of value-added services, concentrating on Distant Education, delivered via a combined satellite and terrestrially based network. These services are provided to a diverse client base that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through service agreements and strategic relationships with satellite network operators, teleport facilities, 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 services. This is particularly true in emerging markets, where Exus benefits from being a first-mover advantage. 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.