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Press Release: Eagle Broadband
November 23, 2004
HOUSTON & HENDERSON, NV -- Eagle Broadband, Inc. (AMEX:EAG), a leading provider of broadband, Internet protocol
(IP) and satellite communications technology and services, announced Nov. 18 that the company has signed a joint
venture agreement with Lake Las Vegas Resort to deliver a full suite of state-of-the-art, fiber-to-the-premises
broadband technology and services to the prestigious Lake Las Vegas Resort, as well as other communities throughout
Nevada.
The new joint venture between Eagle Broadband and Lake Las Vegas Resort, called Lake Las Vegas Communications (LLVC),
will provide a full range of services within the Lake Las Vegas Resort community. LLVC is building an advanced
fiber network capable of delivering the highest quality IP voice, video, Internet and security services, greater
value and single bill convenience to the 7,500 residents and businesses planned for the resort community. The new
agreement greatly expands upon the video, billing and support services that Eagle Broadband has been providing
to the community since the fourth quarter of 2003.
The Lake Las Vegas Communications joint venture provides Eagle Broadband with advanced service delivery capabilities
and a strategic operational base in one of the fastest growing cities in the fastest growing state in the country.
Henderson, Nevada, has a population of 225,000 residents with approximately 85,000 homes and businesses. Eagle
and LLVC will leverage these capabilities to deliver higher quality services to the City of Henderson and plans
to aggressively expand to additional municipalities, master planned communities, hotels, casinos, multi-tenant
(MTU) and multi-dwelling (MDU) units, and other commercial properties throughout Las Vegas and the state.
The total projected revenues for the project through 2010 are estimated at approximately $15.5 million. The revenue
estimates do not include additional revenue opportunities from providing services to other Nevada communities (e.g.
Henderson) and residential, commercial and hospitality customers beyond Lake Las Vegas Resort.
"We selected Eagle Broadband as our partner for Lake Las Vegas Communications because of their proven capabilities
and the commitment to quality and customer service they have demonstrated in serving Lake Las Vegas' residents
over the past year," said Ronald F. Boeddeker, president and chairman of Transcontinental Properties, Inc.,
Lake Las Vegas Resort's master developer. "We look forward to working with the Eagle team to make a full range
of higher quality services available to customers within Lake Las Vegas Resort as well as other communities in
Las Vegas and Nevada."
Dave Weisman, CEO of Eagle Broadband commented, "This agreement is a significant milestone for Eagle Broadband.
Being selected as Lake Las Vegas Resort's provider partner provides us with a tremendous opportunity to meet the
growing demand for higher quality broadband, communications and entertainment services among residents and businesses
within Lake Las Vegas Resort and other Nevada communities. Lake Las Vegas Communications will showcase how advanced,
fiber-based broadband services can improve the quality of life for all residents, and serve as the ideal model
for the profitable deployment of next generation networks and subscriber services."
About Lake Las Vegas Resort
Lake Las Vegas Resort is a premier residential and resort destination situated on a privately owned 320-acre lake
located 17 miles from the Las Vegas Strip. Within the 3,592-acre master planned resort are exquisite residential
offerings including custom home sites, waterfront and golf villas, resort condominiums and luxury executive homes.
The Mediterranean-inspired destination also features world-class resorts including the AAA Five Diamond-rated The
Ritz-Carlton, Lake Las Vegas, the AAA Four Diamond-rated Hyatt Regency Lake Las Vegas Resort, Spa and Casino and
MonteLago Village Resort, a collection of three challenging golf courses, pampering spas, elegant casinos, full-service
marinas with watercraft rentals and yacht cruises and MonteLago Village, an enchanting enclave at the center of
Lake Las Vegas Resort, offering water's edge restaurants and cafes, quaint boutiques and the 40,000-square-foot
Casino MonteLago. For more information, call 800-564-1603 or visit www.lakelasvegas.com.
About Eagle Broadband
Eagle Broadband is a leading provider of broadband and communications technology and services. The company's product
offerings include an exclusive "four-play" suite of Bundled Digital Services (BDS(SM)) with high-speed
Internet, cable TV, telephone and security monitoring, and a turnkey suite of financing, network design, operational
and support services that enables municipalities, utilities, real estate developers, hotels, multi-tenant owners
and service providers to deliver exceptional value, state-of-the-art entertainment and communications choices and
single-bill convenience to their residential and business customers. Eagle offers the HDTV-ready Media Pro IP set-top
box product line that enables hotel operators and service providers to maximize revenues by offering state-of-the-art
in-room entertainment and video services. The company also develops and markets the exclusive SatMAX(TM) satellite
communications system that allows government, military, homeland security, aviation, maritime and enterprise customers
to deliver reliable, non-line-of-sight, voice and data communications services via the Iridium satellite network
from any location on Earth. The company is headquartered in Houston, Texas. For more information, please visit
www.eaglebroadband.com or call 281-538-6000.
Forward-looking statements in this release regarding Eagle Broadband, Inc., and Lake Las Vegas Resort are made
pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation,
continued acceptance of the company's products, increased levels of competition, new products and technological
changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed
from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
---------------------------------------------
Contact:
Eagle Broadband Contacts:
Eagle Broadband
Clareen O'Quinn, 800-628-3910
281-538-6000
coquinn@eaglebroadband.com
or
Press & Media Relations:
CWR & Partners
Ronnie Welch, 508-222-4802
ronnie@cwrpartners.com
or
Investor Relations:
The Ruth Group
David Pasquale or Denise Roche
646-536-7006 / 646-536-7008
dpasquale@theruthgroup.com
or
Lake Las Vegas Resort Contact:
Jackie Dennis, 702-565-7400 Ext. 337
jdennis@lakelasvegas.com
Source: Eagle Broadband