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Axia';s Covage to Operate an Enterprise Network for the City of Nîmes

^{Published on 2011-02-25 10:10:37 - Market Wire}
 

CALGARY, Feb. 25 /CNW/ - Axia NetMedia Corporation (TSX: AXX) (Axia) today announced that its French-based company Covage has been selected to operate an enterprise network for a period of ten years for the city of Nîmes in southwestern France.  Deployment of the network will begin in March 2011 and Covage expects to begin offering wholesale bandwidth services by the end of 2011. The capital for the network will be funded by the city of Nîmes. Covage will be responsible for executing the business and commercial aspects of the network. 

Jean-Michel Soulier, President of Axia Networks France commented, "This is an exciting opportunity for Covage as we are working closely with Retail Service Providers to promote the use of the enterprise network by bundling bandwidth services with services provided by the RSPs such as Internet access, IP telephony, video conferencing, hosting and data backup.  This makes a very attractive service offering for the business park and its tenants."

Since last year, Covage has been targeting business parks. This strategy is supported by a government initiative to encourage migration of business parks from DSL to fibre optic services. To date Covage has 210 business parks with fibre to the premise services available to 9,400 potential end users.

Axia sells Real Broadband™ and passive services on Next Generation Networks that have implemented the Axia NGN Solution. To date, the Axia NGN Solution has been implemented in Alberta, France, Singapore and Spain. Axia trades on the Toronto Stock Exchange under the symbol "AXX".

This News Release contains forward-looking statements, including, without limitation, statements containing the words "should", "believe", "anticipate", "may", "plan", "will", "continue", "intend", "expect", "estimate" and other similar expressions which constitute "forward-looking information" within the meaning of applicable Canadian securities laws.  These statements are based on our current expectations, estimates, forecasts and assumptions about the operating environment, economies and markets in which we operate and are subject to important assumptions, risks and uncertainties that are difficult to predict.  Examples of these statements would include those where Axia forecasts its success and timing in winning new NGN business, the timing of completion and estimated total costs of our networks, the revenues and operating costs associated with these networks over time, and Axia's ability to generate future cash flows and avail itself of other financing alternatives given current market conditions.  The assumptions, risks and uncertainties that could cause actual results to differ materially from the forward-looking information, include, but are not limited to, changes in customer markets, changes in demand for our services, our inability to deliver services in a timely and cost efficient manner, technological change, general economic conditions and other risks detailed from time to time in our ongoing filings with the Canadian securities regulatory authorities, including those in our Annual Information Form, which filings can be found at [ www.sedar.com ].  Given these assumptions, risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.  Unless otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise.