Exus Global, Inc. today announced its plans for Exus Shared Satellite Services Division. The new service will provide customers with shared bandwidth connectivity and the ability for the customers to pay by usage and have bandwidth grow, as their needs grow. Revenue projection for 2004 is approximately $7,500,000 with an anticipated Gross Profit of 30%.
The division headed by Gregory Peckover, former executive from NSI Satellite, Montreal will start revenues generating in January 2004. Exus Satellite Services division will provide connectivity to Exus Educational Centers and to customers in emerging markets through Exus’ owned subsidiaries.
The market for this satellite bandwidth, internet connectivity, educational content and voice over IP has untapped demand with an estimated Market of over 3 Billion per year.
Gregory Peckover, President of the Satellite Services division commented, “I am looking forward to bringing this EXUS division forward and to be a major factor in Global connectivity.
“Exus presence in emerging markets gives us hands on service and enables Exus to provide end to end connectivity. In addition, we will be partnering, within the next 30 days, with several teleports and equipment suppliers, that will provide us immediate infrastructure for our Network.”
