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KeyOn Investor Conference Call
with CEO Jonathan Snyder, March 8, 2010 at 4:15 Eastern
Original Air Date and Time: Thursday, March 8,
2010, 4:15 pm Eastern
Click here to listen to the replay
News Summary
July 22, 2010: KeyOn and Alvarion® Launch
4G Wireless Network in Southern Nevada
July 7, 2010: KeyOn Completes Ninth Acquisition
June 2, 2010: KeyOn Completes Purchase of Dynamic
Broadband Wireless Assets
May 17, 2010: KeyOn Reports First Quarter 2010
Results
May 4, 2010: KeyOn Announces Acquisition of Network
Assets in Iowa and Minnesota Increasing Revenues by Nearly 30%
on an Annualized Basis
April 13, 2010: KeyOn Reports 2009 Annual Results
April 6, 2010: KeyOn Closes Third Acquisition under
Rural UniFi Program
March 30, 2010: KeyOn Files Applications under
Round Two of the American Recovery and Reinvestment Act of 2009
March 3, 2010: KeyOn Provides Update on Broadband
Stimulus Applications and Announces Conference Call To Provide
Further Detail
February 9, 2010: KeyOn Closes Second Acquisition
under Rural UniFi Program
December 22, 2009: KeyOn Announces Two Signed Agreements
Under Acquisition Program
December 17, 2009: KeyOn Provides an Update on
Roll-out of Advanced Billing and Customer Operations Platform
December 7, 2009: KeyOn Closes First Acquisition
Under its Rural UniFi Program
December 1, 2009: KeyOn Presenting
at WiMAX Forum Congress Americas '09
November 17, 2009: KeyOn Reports
Third Quarter 2009 Results
November 9, 2009: KeyOn Communications Holdings
to Host Investor Conference Call
September 29, 2009: KeyOn Introduces Google Apps
Communications Tools to its Wireless Subscriber Base
September 9, 2009: KeyOn Launches Aggressive Acquisition
Initiative for Wireless Broadband Companies
September 2, 2009: KeyOn Continues to Improve its
Balance Sheet with Note Conversion
August 19, 2009: KeyOn Files Applications for $150
Million of Federal Broadband Stimulus Funds under the American
Recovery and Reinvestment Act of 2009
July 15, 2009: REPLAY
of KeyOn Investor Conference Call with CEO Jonathan Snyder
July 9, 2009: KeyOn
Communications Holdings to Host Investor Conference Call
June 19, 2009: KeyOn Further Strengthens Balance
Sheet with Loan Extension and Modification of Terms
June 10, 2009: KeyOn
Set to Implement LogiSense’s Billing and OSS Management
Tools
June 1, 2009: KeyOn
Engages Premier Telecom Consultancy
May 15, 2009: KeyOn Reports First Quarter 2009 Results
April 15, 2009: KeyOn Reports 2008 Record Revenue and Positive
EBITDA in Q4 2008
View
all KeyOn SEC filings
KeyOn and Alvarion® Launch
4G Wireless Network in Southern Nevada
Companies extend advanced wireless broadband services to small
towns and rural areas
PAHRUMP, NV and SUNNYVALE, CA (July 22, 2010)
-- KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of
the largest providers of wireless broadband, satellite video
and voice over Internet protocol (VoIP) services in the United
States, and Alvarion Ltd. (NASDAQ:ALVR) the world’s leading provider of 4G networks in the Broadband
Wireless Access (BWA) market announced today that they have deployed
a next-generation, 4G wireless data network in Pahrump, Nevada
using Alvarion’s BreezeMAX® Extreme WiMAX gear in the
3.65 GHz spectrum band where KeyOn holds a nationwide, non-exclusive
license.
“Our customers are increasingly looking for more services
from us, including a bundled VoIP product and higher data rates.
One of the primary goals of the 3.65 GHz band was to facilitate
serving rural markets with a wider array of advanced wireless
services. It is a band that has a large swath of spectrum, a
favorable regulatory regime and a growing eco-system of 4G gear,” said
Jonathan Snyder, Chief Executive Officer for KeyOn Communications. “Broadening
our service offering and building on existing network footprint,
which includes 5 newly acquired businesses in the past 6 months,
KeyOn is delighted to break new ground in advancing the potential
for WiMAX deployment in this spectrum.”
“There is a great demand for broadband services throughout
US especially in rural and underserved areas. We are excited
to partner with KeyOn to bring new 4G services to Pahrump, Nevada”,
said Eran Gorev, president and CEO of Alvarion. “Our industry
leading solution provides an optimized business case at 3.65
GHz frequency band while enabling quality broadband services.”
Jonathan Snyder continued, “We believe that Alvarion offers
the industry’s most complete and technologically advanced
range of WiMAX products in the 3.65 GHz band that enable superb
connection speed and voice quality. In addition, with future
upgrades, the network platform also enables nomadic broadband
wireless services.”
KeyOn has deployed Alvarion’s BreezeMAX
Extreme gear providing coverage to over 15,000 households in
Pahrump, Nevada, a town 60 miles west of Las Vegas. KeyOn has
already begun marketing the services to its customers, augmenting
its product service that currently includes fixed wireless
data and satellite video services. In connection with this
deployment, KeyOn is offering VoIP services on the 3.65 GHz
WiMAX platform to provide an integrated voice and data solution
to its customers.
KeyOn intends to roll-out 4G markets as an overlay in existing
markets and in new markets in connection with its applications
under the broadband portions of the American Recovery and Reinvestment
Act of 2009. KeyOn has applied for $374 million in the second
round of the Broadband Initiatives Program under the Rural Utilities
Service and the Department of Agriculture.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 12 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 55,000
square miles and cover over 2,800,000 people, as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
About Alvarion®
Alvarion (NASDAQ:ALVR) is a global leader
in 4G wireless communications with the industry’s most extensive customer base with hundreds
of commercial WiMAX deployments. Alvarion’s industry leading
solutions enable true open 4G and vertical applications for service
providers and enterprises. Through an OPEN network strategy,
superior IP and OFDMA know-how, and ability to deploy large scale
end-to-end turnkey networks, Alvarion is delivering the true
4G broadband experience today (www.alvarion.com).
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. These statements
are based on the current expectations or beliefs of Alvarion’s
management and are subject to a number of factors and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. The following factors,
among others, could cause actual results to differ materially
from those described in the forward-looking statements: potential
impact on our business of the current global recession, the inability
of our customers to obtain credit to purchase our products as
a result of global credit market conditions, the failure to fund
projects under the U.S. broadband stimulus program, continued
delays in WiMAX license allocation in certain countries; the
failure of the market for WIMAX products to develop as anticipated;
potential impact on our business of the current global recession;,
Alvarion’s inability to capture market share in the expected
growth of the WIMAX market as anticipated, due to, among other
things, competitive reasons or failure to execute in our sales,
marketing or manufacturing objectives; inability to further identify,
develop and achieve success for new products, services and technologies;
increased competition and its effect on pricing, spending, third-party
relationships and revenues; as well as the inability to establish
and maintain relationships with commerce, advertising, marketing,
and technology providers and other risks detailed from time to
time in the Company’s 20-F Annual Report Risk Factors section
as well as in other filings with the Securities and Exchange
Commission.
Information set forth in this press release pertaining to third
parties has not been independently verified by Alvarion and is
based solely on publicly available information or on information
provided to Alvarion by such third parties for inclusion in this
press release. The web sites appearing in this press release
are not and will not be included or incorporated by reference
in any filing made by Alvarion with the Securities and Exchange
Commission, which this press release will be a part of.
You may request Alvarion's future press releases or a complete
Investor Kit by contacting Kika Stayerman, kika.stayerman@alvarion.com
or +972.3.767.4159.
Alvarion®, its logo and all names, product
and service names referenced herein are either registered trademarks,
trademarks, trade names or service marks of Alvarion Ltd.
All other names are or may be the trademarks of their respective
owners.
“WiMAX Forum” is a registered trademark of the WiMAX
Forum. “WiMAX,” the WiMAX Forum logo, “WiMAX
Forum Certified” and the WiMAX Forum Certified logo are
trademarks of the WiMAX Forum.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking statements" within the
meaning of applicable federal securities laws, including, without
limitation, anything relating or referring to future financial
results and plans for future business development activities,
and are thus prospective. Forward-looking statements may include,
without limitation, the company’s expectations regarding:
future financial and operating performance and financial condition;
plans, objectives and strategies; product development; industry
conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K/A filed on April 16, 2010.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contacts:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
Alvarion Ltd.
Investor Contacts:
Efrat Makov, CFO
+972.3.645.6252
+1.650.314.2652
efrat.makov@alvarion.com
Claudia Gatlin
+1.212.830.9080
claudia.gatlin@alvarion.com
Press Contacts:
Christine Buzzetta
+1.972.341.2530
cbuzzetta@golinharris.com
KeyOn Completes Ninth Acquisition
Acquisition of Illinois wireless broadband assets extends footprint
and adds immediate positive EBITDA
OMAHA, NE (July 7, 2010) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced today
it has completed the acquisition of substantially all of the
wireless broadband assets of TS Wireless, a division of Technology
Specialists Group, Inc., increasing the company’s already
substantial network footprint in Illinois.
The TS Wireless acquisition was completed
as part of KeyOn’s
Rural UniFi program. Rural UniFi is a strategic acquisition initiative
designed for independent wireless broadband companies to realize
immediate value from their networks by merging with KeyOn. The
acquisition of TS Wireless is KeyOn’s ninth.
Jason Lazar, KeyOn’s Vice President of Corporate Development
and General Counsel, stated, “The purchase of TS Wireless
will not only increase our footprint in Illinois, but will add
to our top-line revenues and contribute positive EBITDA immediately.
There are several more acquisition opportunities in Illinois
that we expect will complement our existing network and allow
us to realize further economies of scale. Finally, this particular
acquisition demonstrates that KeyOn can swiftly and effectively
integrate wireless companies and begin realizing operational
efficiencies.”
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 12 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 55,000
square miles and cover over 2,800,000 people, as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking statements" within the
meaning of applicable federal securities laws, including, without
limitation, anything relating or referring to future financial
results and plans for future business development activities,
and are thus prospective. Forward-looking statements may include,
without limitation, the company’s expectations regarding:
future financial and operating performance and financial condition;
plans, objectives and strategies; product development; industry
conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K/A filed on April 16, 2010.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
KeyOn Completes Purchase of Dynamic Broadband Wireless Assets
Previously announced acquisition of wireless broadband assets
in Iowa and Minnesota will increase revenues by nearly 30% on
an annualized basis
OMAHA, NE (June 2, 2010) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced today
it has completed its acquisition of substantially all of the
wireless broadband assets of Dynamic Broadband Corporation
which increases the company’s network
footprint in Iowa and initiates coverage in Minnesota, KeyOn’s
twelfth state with operations. The assets were acquired for a
combination of common shares of KeyOn and the assumption and
repayment of certain liabilities.
The Dynamic Broadband acquisition was completed
under KeyOn’s
Rural UniFi program. Rural UniFi is a strategic acquisition initiative
designed for independent wireless broadband companies to realize
immediate value from their networks by merging with KeyOn. The
acquisition of Dynamic Broadband is KeyOn’s eighth acquisition.
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 12 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 55,000
square miles and cover over 2,800,000 people, as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking statements" within the
meaning of applicable federal securities laws, including, without
limitation, anything relating or referring to future financial
results and plans for future business development activities,
and are thus prospective. Forward-looking statements may include,
without limitation, the company’s expectations regarding:
future financial and operating performance and financial condition;
plans, objectives and strategies; product development; industry
conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K/A filed on April 16, 2010.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
KeyOn Reports First Quarter 2010 Results
OMAHA, NE (May 17, 2010) -- KeyOn Communications Holdings, Inc.
(OTCBB: KEYO), one of the largest providers of wireless broadband,
satellite video and voice over Internet protocol (VoIP) services
in the United States, reported its financial results for the
quarter ending March 31, 2010.
Jonathan Snyder, President and CEO of KeyOn
Communications, commented, “During the first quarter
of 2010, we completed our second round federal stimulus applications,
closed two strategic acquisitions through our Rural UniFi initiative
and continued our efforts to increase the organic growth of
our subscriber base. Our first quarter results appear worse
due to one-time expenses associated with our stimulus applications,
Rural UniFi and some non-cash compensation items. When these
expenses are removed, our operating margin for the quarter
would have decreased by only 16 percentage points.”
Snyder continued, “While we are not
happy about an overall decrease in operating margin, management
realizes it results from a subscriber reduction over the course
of the previous year which is directly due to the corresponding
limited marketing spend. In the first quarter, we have already
seen a material uptick in subscriber additions and realized
some revenues from our completed acquisitions; we will experience
the full financial effects of the increasing revenue trend
during the second quarter. Overall, we are pleased with the
many first quarter financial and operational milestones that
we anticipate building upon throughout the year.”
2010 First Quarter Consolidated Results
For the first quarter ended March 31, 2010, the Company reported
revenue of $1,594,959, a decrease of approximately 15%, as
compared to $1,866,172 for the first quarter ended March 31,
2009. This decrease was the result of a decline in our customer
base. While customer disconnects continue to remain stable,
marketing expenses have increased as the company is gradually
turning the net subscriber losses to positive gains.
The operating loss, which included non-cash stock-based compensation
expense and Round Two ARRA application expenses for professional
fees of $1.2 million for the first quarter ended March 31, 2010,
was $1.9 million, as compared to an operating loss of $0.8 million
for the quarter ended March 31, 2009, which included non-cash
based stock compensation and professional fees of $0.2 million.
The Company reported a net loss of $2.0 million, or $0.09 loss
per common share, for the first quarter ended March 31, 2010,
compared to a net loss of $1.0 million, or $0.12 loss per common
share, for the first quarter ended March 31, 2009.
Adjusted EBITDA for the first quarter ended
March 31, 2010, was negative $904,608 compared to $64,714 in
the prior first quarter of 2009, a decline of $969,322. By
removing expenses related to the Company’s federal broadband
stimulus applications under ARRA, adjusted EBITDA for the first
quarter ended March 31, 2010, was negative $280,423 as compared
to $64,714 for the quarter ended March 31, 2009.
Outlook
Jonathan Snyder continued, “Our EBITDA
loss widened in the first quarter as we spent substantial resources
in furtherance of our Round Two ARRA applications. We also increased
our marketing expenses in order to grow our subscriber base after
a year of net subscriber decline. However, we anticipate that
negative EBITDA will be offset in the coming quarters by the
continued accretive acquisitions we expect to consummate under
Rural UnFi. We have submitted applications for stimulus funds
totaling $374 million, have a growing pipeline of acquisitions
and sufficient capital to execute our business plan. We believe
that the achievements of the first quarter will allow us to return
to a positive EBITDA position in 2010.”
Click here to download the table
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and is not recognized under GAAP
(generally accepted accounting principles). Accordingly, investors
are cautioned in using or relying upon these measures as alternatives
to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment, non-cash stock-based compensation,
and broadband stimulus application expenses. Adjusted EBITDA
should not be construed as an alternative to operating loss
as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K/A filed on April 16, 2010.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Announces Acquisition of Network
Assets in Iowa and Minnesota Increasing Revenues by Nearly 30%
on an Annualized Basis
The acquisition represents the fourth under KeyOn’s
Rural UniFi program, its third in 2010, and eighth acquisition
overall
OMAHA, NE (May 4, 2010) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced the
signing of an agreement to acquire, for a combination of stock
and assumption of debt, substantially all of the wireless broadband
assets of Dynamic Broadband Corporation, a wireless internet
service provider with operations in Iowa and Minnesota adjacent
to KeyOn’s current Iowa markets.
As with prior acquisitions, the proximity of the network and
other synergies are intended to allow the company to efficiently
integrate operations, resulting in immediate expense savings.
The wireless broadband assets, which exclude
a managed services business known as “X-Wires”, generate approximately
$1.9 in annualized revenues an amount equal to approximately
28% of KeyOn’s revenue in fiscal year 2009. Additionally,
as a result of cost synergies, KeyOn believes that the acquisition
will be immediately accretive to earnings generating over $700,000
of annualized EBITDA. KeyOn management expects that the acquisition
will generate positive pro forma EBITDA for the Company and significant
accretion on an EBITDA per share basis which will be announced
at closing.
Jason Lazar, KeyOn’s Vice President of Corporate Development
and General Counsel, stated, “Dynamic Broadband’s
business will materially increase our top-line revenues and will
contribute meaningfully to EBITDA. Rural UniFi is one of our
core growth initiatives and we are excited about not only increasing
our footprint in Iowa, but also initiating coverage in Minnesota
- our twelfth state.”
KeyOn’s Rural UniFi program is a strategic acquisition
initiative designed for independent wireless broadband companies
that allows those operators to realize immediate value from their
networks by joining KeyOn. The Dynamic Broadband acquisition
is expected to close in the second quarter of 2010 and will be
KeyOn’s eighth completed acquisition.
Because of the lack of available broadband options, rural markets
are often served by independent wireless operators who provide
valuable broadband services to their communities. Estimates put
the number of independent wireless broadband companies at over
2,000, making the industry quite fragmented. Historically, without
access to capital, these companies can experience growth challenges,
as well as inefficient cost structures associated with smaller
customer bases. These factors have contributed to the fact that
rural markets lag their urban and suburban counterparts in terms
of home broadband penetration by over 20 percent (approximately
46% versus 67% broadband penetration for suburban and urban,
respectively).
“We’re very pleased to be able to participate in
KeyOn’s Rural UniFi initiative and believe that the addition
of the Dynamic Broadband networks and subscribers will help propel
KeyOn to further successes in delivering valuable broadband services
in rural markets,” commented Mike Brown, CEO of Dynamic
Broadband. “The ultimate consummation of this transaction
will be positive for Dynamic Broadband’s customers and
key stakeholders.”
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and are not recognized measures
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment and non-cash stock based
compensation expenses. Adjusted EBITDA should not be construed
as an alternative to operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements
contained in this press release are "forward-looking statements" within
the meaning of applicable federal securities laws, including,
without limitation, anything relating or referring to future
financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and
liquidity and financing needs. Readers are cautioned not to
put undue reliance on such forward-looking statements, which
are not a guarantee of performance and are subject to a number
of uncertainties and other factors, many of which are outside
of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K filed on April 13, 2010. Consequently,
future events and actual results could differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Reports 2009 Annual Results
OMAHA, NE (April 13, 2010) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO), one of the largest providers of wireless
broadband, satellite video and voice over Internet protocol (VoIP)
services in the United States, reported its financial results
for the year ended December 31, 2009.
Jonathan Snyder, President and CEO of KeyOn
Communications, commented, “In the face of challenging
economic times and a difficult capital market environment,
we finished the year slightly down in revenues, about 10%,
but our adjusted EBITDA (before stimulus application expenses)
improved 40% year over year. In addition, during 2009, KeyOn
achieved other milestones covering both financial and operational
areas. We announced the acquisition of three companies in the
last several months and, in February of 2010, raised $15 million
through a secured convertible promissory note. This financing
will provide the company with sufficient capital to pursue
growth and other strategic initiatives in 2010.”
2009 Annual Consolidated Results
For the year ended December 31, 2009, the Company reported revenue
of $6,898,232, a decrease of approximately 11%, as compared
to $7,793,740 for the year ended December 31, 2008. This decrease
was the result of a decline in our customer base. While customer
disconnects have remained stable, limited marketing dollars
were spent to acquire new subscribers until the fourth quarter
of 2009 during which the company began to increase marketing
expenses in effort to restart subscriber growth.
The operating loss, which included non-cash stock-based compensation
expense of $0.7 million for the year ended December 31, 2009,
was $4.7 million for the quarter ended December 31, 2009, as
compared to an operating loss of $7.2 million for the quarter
ended December 31, 2008, which included non-cash based stock
compensation of $3.3 million.
The Company reported a net loss of $6.6 million, or $0.49 loss
per common share, for the year ended December 31, 2009, compared
to a net loss of $8.1 million, or $0.96 loss per common share,
for the year ended December 31, 2008, a net loss improvement
of 18%.
Adjusted EBITDA for the year ended December
31, 2009, was negative $903,997 compared to negative $819,329
in the prior year, a decline of $84,668. By removing expenses
related to the Company’s
federal broadband stimulus applications under ARRA, adjusted
EBITDA for the year ended December 31, 2009, was negative $494,544
as compared to negative $819,329, an improvement of 40%.
Outlook
Jonathan Snyder continued, “Our EBITDA
loss widened in the fourth quarter as we increased our marketing
expenses to acquire new customers in order to grow our subscriber
base again. This anticipated growth, combined with the recent
announcements of our acquisitions under the Rural UniFi program,
the $15 million capital raise, and the completion of our Round
2 ARRA applications, cause us to believe that KeyOn is well-positioned
to have a very promising 2010 .”
Click to download Consolidated Statement of Operations
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and is not recognized under GAAP
(generally accepted accounting principles). Accordingly, investors
are cautioned in using or relying upon these measures as alternatives
to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment, non-cash stock-based compensation,
and broadband stimulus application expenses. Adjusted EBITDA
should not be construed as an alternative to operating loss
as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K filed on April 13, 2010. Consequently,
future events and actual results could differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Closes Third Acquisition under Rural UniFi Program
KeyOn’s seventh acquisition
comprises network assets in Illinois
OMAHA, NE (April 6, 2010) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced closing
the acquisition of substantially all of the assets of RidgeviewTel’s Illinois
nework. RidgeviewTel’s Illinois network assets and wireless
broadband subscribers are adjacent to KeyOn’s existing
Illinois markets. As with prior acquisitions, the proximity of
the network and other synergies are intended to allow the company
to efficiently integrate operations, resulting in immediate expense
savings.
Jason Lazar, KeyOn’s Vice President of Corporate Development
and General Counsel, stated, “The RVT network is a great
addition to our network footprint in Illinois. Not only does
it add to our subscriber base, but also affords us the opportunity
to utilize RVT’s sophisticated network management software
currently operating the network. Rural UniFi is one of our core
growth initiatives and we remain in active discussions with several
qualified candidates.” KeyOn anticipates generating over
$150,000 in annualized revenue and deriving EBITDA margins of
approximately 50% in connection with the acquired assets.
Because of the lack of available broadband options, rural markets
are often served by independent wireless operators who provide
valuable broadband services to their communities. Estimates put
the number of independent wireless broadband companies at over
2,000, making the industry quite fragmented. Historically, without
access to capital, these companies can experience growth challenges,
as well as inefficient cost structures associated with smaller
customer bases. These factors have contributed to the fact that
rural markets lag their urban and suburban counterparts in terms
of home broadband penetration by over 20 percent (approximately
46% versus 67% broadband penetration for suburban and urban,
respectively).
“We are pleased to have completed this transaction and
believe it is good for RidgeviewTel, KeyOn and the customers
served in these markets.” commented Vince Jordan, President
and CEO of RidgeviewTel. “We appreciate KeyOn’s strategy
for building scale in the rural wireless broadband industry with
Rural UniFi and look forward to participating in KeyOn’s
success.”
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and are not recognized measures
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment and non-cash stock based
compensation expenses. Adjusted EBITDA should not be construed
as an alternative to operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements
contained in this press release are "forward-looking statements" within
the meaning of applicable federal securities laws, including,
without limitation, anything relating or referring to future
financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and
liquidity and financing needs. Readers are cautioned not to
put undue reliance on such forward-looking statements, which
are not a guarantee of performance and are subject to a number
of uncertainties and other factors, many of which are outside
of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K filed on April 15, 2009. Consequently,
future events and actual results could differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Files Applications under Round Two
of the American Recovery and Reinvestment Act of 2009
OMAHA, NE (March 30, 2010) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO - News), one of the largest providers of wireless
broadband, satellite video and voice over Internet protocol (VoIP)
services in the United States, announced today it has submitted
multiple applications for $360 million of federal stimulus funding
in Round Two of the Broadband Initiatives Program (BIP) which
is part of the American Recovery and Reinvestment Act of 2009
(ARRA).
Commenting on the submissions, Jonathan Snyder,
President and CEO of KeyOn Communications, stated, “Over the past few
months, KeyOn’s management team has continued to focus
on ARRA, as it represents a significant growth opportunity for
our company.”
Provided it is successful in its applications, KeyOn plans to
contribute up to approximately $163 million of outside capital
to some of the smallest communities in the United States to ensure
the sustainability of its projects.
Of the $7.2 billion allocated for broadband
infrastructure in the ARRA, $2.5 billion is administered by
the Rural Utilities Service (RUS) for specific deployment of
broadband networks and related infrastructure in eligible rural
communities across the U.S. KeyOn has submitted its applications
in the second and final round for “last-mile” infrastructure projects where
$1.7 billion has been allocated by the RUS for these types of
projects (as opposed to “middle-mile” projects).
If successful under this program, KeyOn’s WiMAX networks
could potentially expand to cover as many as 22 states and provide
wireless broadband access to as many as 8.2 million people.
KeyOn’s proposed last-mile network
design takes advantage of the latest fourth generation (4G)
WiMAX technology and the newly regulated 3.65GHz spectrum,
for which it holds a nationwide license. As a result, KeyOn
delivers robust, reliable and secure broadband services at
a cost per household passed that is unmatched by competing
methodologies in terms of economic efficiency
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its proposed participation
in the American Recovery and Reinvestment Act of 2009 (ARRA)
and its allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking statements" within the
meaning of applicable federal securities laws, including, without
limitation, anything relating or referring to future financial
results and plans for future business development activities,
and are thus prospective. Forward-looking statements may include,
without limitation, the company’s expectations regarding:
future financial and operating performance and financial condition;
plans, objectives and strategies; product development; industry
conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K filed on April 15, 2009. Consequently,
future events and actual results could differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Provides Update on Broadband Stimulus Applications and
Announces Conference Call To Provide Further Detail
Company to discuss the results of its stimulus applications
under the American Recovery and Reinvestment Act of 2009 (ARRA)
and future plans under Round Two of this program
OMAHA, NE (March 3, 2010) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO) (http://www.keyon.com), one of
the largest providers of wireless broadband, satellite video
and voice over Internet protocol (VoIP) services in the United
States, announced today that it was notified by the Rural Utilities
Service (RUS) that its applications under the Broadband Initiatives
Program (BIP) of the American Recovery and Reinvestment Act
of 2009 were not awarded. Despite the fact that all eleven
of KeyOn’s
applications had advanced to the due diligence phase in Round
One, the RUS did not advance any of the Company’s eleven
applications to an award.
The Company also announced that it will
host a conference call on March 8, 2010 at 4:15pm EST during
which KeyOn’s CEO,
Jonathan Snyder, will provide an update on the Round One process
and announce its intentions for Round Two of the BIP. There will
be a Q & A session at the end of the presentation.
The details of the investor presentation are as follows:
Date: March 8, 2010
Time: 4:15 pm Eastern / 1:15 pm Pacific
Click here to listen to the replay
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP and
satellite video services to both residential and business subscribers
across 11 Western and Midwestern states. Through a combination
of organic growth and acquisitions, KeyOn has expanded its network
footprint to reach approximately 50,000 square miles and cover
nearly 2,500,000 people as well as small-to-medium businesses.
With its successful track record of acquiring companies and growing
its core subscriber base, KeyOn is one of the leading wireless
broadband companies in the United States. Management intends
to drive subscriber growth through additional acquisitions as
well as organic growth across the company’s expanding footprint
by offering bundled services including broadband, video, VoIP
and related valuable services such as the Bullseye Club. The
company also intends to opportunistically build mobile and/or
nomadic WiMAX networks in and around its market footprint. More
information on KeyOn can be found at http://www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K filed on April 15, 2009. Consequently,
future events and actual results could differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Closes Second Acquisition under Rural UniFi Program
KeyOn makes another accretive acquisition of network assets based
in Ottumwa, IA
OMAHA, NE (February 9, 2010) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced closing
the acquisition of substantially all of the assets of Affinity
Wireless Services, LLC. Affinity’s network assets and wireless broadband subscribers
are located in southern Iowa, contiguous with a portion of KeyOn’s
existing Iowa markets. As with prior acquisitions, the proximity
of network footprint is intended to allow the company to efficiently
integrate operations, resulting in immediate expense savings.
The company expects the Affinity acquisition to deliver approximately
$170,000 of pro forma annualized aggregate Adjusted EBITDA and
approximately $1.20 of pro forma Adjusted EBITDA per share issued
in connection with the transaction.
Since initiating its Rural UniFi Program,
KeyOn has already announced three transactions under this program.
The first transaction was completed in December 2009. Affinity
is the Company’s
second acquisition and the third acquisition is the previously
announced purchase of RidgeView Tel’s Illinois assets which
is expected to close during the first quarter of 2010.
Jason Lazar, KeyOn’s Vice President of Corporate Development
and General Counsel, stated, “We are building a solid business
unit around Rural UniFi. We have been getting an enthusiastic
response from potential acquisition candidates who want to be
part of a bigger opportunity. Last year, KeyOn disclosed that
we were talking to acquisitions totaling over 40,000 subscribers;
we are making progress in those efforts as we continue our work
on the other strategic priorities of the company.”
Because of the lack of available broadband options, rural markets
are often served by independent wireless operators who provide
valuable broadband services to their communities. Estimates put
the number of independent wireless broadband companies at over
2,000, making the industry quite fragmented. Historically, without
access to capital, these companies can experience growth challenges,
as well as inefficient cost structures associated with smaller
customer bases. These factors have contributed to the fact that
rural markets lag their urban and suburban counterparts in terms
of home broadband penetration by over 20 percent (approximately
46% versus 67% broadband penetration for suburban and urban,
respectively).
“I am excited about consummating this agreement with
KeyOn Communications,” commented Josh Goudy, previous owner
of Affinity. “KeyOn has been fantastic to work with through
this process and I believe they’re the ideal company not
only to take care of the existing customer base, but also to
grow it as well. Through KeyOn’s ability to bring greater
scale to the industry and as it continues its growth, the customers
in southern Iowa will have enhanced access to broadband and advanced
broadband technologies.”
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and are not recognized measures
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment and non-cash stock based
compensation expenses. Adjusted EBITDA should not be construed
as an alternative to operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements
contained in this press release are "forward-looking statements" within
the meaning of applicable federal securities laws, including,
without limitation, anything relating or referring to future
financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and
liquidity and financing needs. Readers are cautioned not to
put undue reliance on such forward-looking statements, which
are not a guarantee of performance and are subject to a number
of uncertainties and other factors, many of which are outside
of the company’s
control, which could cause actual results to differ materially
from such statements, including, without limitation, the company’s
ability to secure ARRA stimulus funding, its ability to successfully
complete accretive acquisitions and grow its business organically,
the company’s reliance on multi-user unlicensed spectrum
to service subscribers, competition from larger and better financed
providers, the company’s reliance on third party sales
representatives and new and more burdensome telecommunications’ regulations.
For a more detailed description of the factors that could cause
such a difference, please refer to the company’s filings
with the Securities and Exchange Commission, including the information
under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-K filed on April 15, 2009. Consequently,
future events and actual results could differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Announces Two Signed Agreements Under Acquisition Program
KeyOn agrees to acquire the 2nd and 3rd wireless broadband
companies under Rural UniFi in Iowa and Illinois
OMAHA, NE (December 22, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced the
signing of agreements to acquire the wireless broadband assets
of Affinity Wireless Solutions, LLC in Iowa and certain RidgeviewTel,
LLC markets in Illinois. These acquisitions when closed will
make three acquisitions under KeyOn’s Rural UniFi program,
a comprehensive acquisition initiative announced in September
2009.
Jason Lazar, KeyOn’s Vice President of Corporate Development
and General Counsel, stated, “Both companies are excellently
run and the networks are in great shape. Affinity’s networks
complement ours in southern Iowa and RidgeviewTel’s adds
to our existing strong presence in Illinois. We are pleased that
Rural UniFi has been viewed favorably by similarly situated operators,
as it provides wireless broadband entrepreneurs with an opportunity
to derive the benefits of size and scale.”
The Company anticipates that these acquisitions will provide
pro forma revenues of approximately $450,000 and $225,000 of
annualized EBITDA.
Earlier this month, KeyOn announced it had acquired the wireless
broadband assets formerly doing business as SkyWi, Inc. The acquisitions
of Affinity and the RidgeviewTel markets have been similarly
structured as asset purchases. Both acquisitions are expected
to close at the beginning of 2010. The Company believes that
under its ownership, for a full 12 months of operations, these
acquisitions, including the results of SkyWi, should contribute
approximately $750,000 in revenue and $375,000 million in EBITDA.
Jonathan Snyder, KeyOn’s CEO, commented on the acquisitions, “We
are talking to many qualified and competent operators across
the eleven states in which we operate. These companies provide
necessary broadband services in and around communities that are
typically unserved or underserved by traditional providers of
broadband. The rural wireless broadband industry is very fragmented
with over 2,000 independent wireless broadband companies in the
US. Consequently, we believe that there are many acquisition
opportunities that can be completed fairly quickly and, importantly,
on an accretive basis. Our scalable billing, customer management
and network management platforms allow us to integrate these
assets and derive immediate cost-savings while spreading static
fixed costs over a lager subscriber base.”
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the Company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings, Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “EBITDA” which
is a measurement used by KeyOn Communications to monitor business
performance and is not recognized under GAAP (generally accepted
accounting principles). Accordingly, investors are cautioned
in using or relying upon these measures as alternatives to recognized
GAAP measures. “EBITDA” is defined as earnings or
loss from operations adjusted for depreciation and amortization.
EBITDA should not be construed as an alternative to operating
loss as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Provides an Update on Roll-out of Advanced
Billing and Customer Operations Platform
KeyOn is substantially complete with the implementation of Engage
IP including the subscribers of its most recent acquisition
OMAHA, NE (December 17, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO - News), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States announced today
that it has substantially completed the implementation of the
Company’s new billing,
operations support/customer resource management (OSS/CRM) system.
KeyOn is using EngageIP, a customized wireless software platform
from LogiSense Corporation, a leading provider of billing, OSS
and business process management solutions for telecommunication
and broadband service providers.
Commenting on the implementation progress,
Jonathan Snyder, President and CEO of KeyOn Communications,
stated, “We
are about 70% complete with the full implementation. Since our
announcement in June, we performed rigorous testing, migrated
all billing records for our subscribers and are now seamlessly
using it. We are pleased to report that EngageIP is now handling
about most of our customer base with the balance of our subscribers
expected to be integrated in the next 60 to 90 days.”
The Company migrated to a new customer operations platform to
prepare for the expected surge in subscribers through its two
key strategic initiatives: (1) Rural UniFi, an acquisition program
focused on rural wireless broadband operators, and (2) participation
in the American Recovery and Reinvestment Act of 2009 broadband
stimulus program in which the company submitted applications
totaling $150 million.
EngageIP provides KeyOn with secure, end-to-end bill processing,
order management and customer information management for its
wireless broadband and related services. KeyOn commenced billing
on EngageIP while continuing to bill on previous billing in October
2009 and, after a successful parallel run in October, commenced
billing exclusively on EngageIP in November 2009.
Snyder continued, “Importantly, our first acquisition
under Rural UniFi, SkyWi, was linked into EngageIP during the
closing of that transaction and the very first bill run, it
performed these functions for the former SkyWi customer base.
This demonstrates our ability to add disparate subscriber bases
into our more robust and scalable back-office system. The transition
of these subscribers onto our systems is an important element
in our ability to derive cost efficiencies, and hence higher
margins for acquired properties.”
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTCBB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. More information on KeyOn can be
found at www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Closes First Acquisition Under its Rural UniFi Program
KeyOn acquires assets of the company operating as SkyWi, Inc.
to complement its network footprint in North Central Texas
OMAHA, NE (December 7, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced the
closing of its acquisition of the assets of SkyWi, Inc. (“SkyWi”) which include
network assets and wireless broadband subscribers located in
North Central Texas. This acquisition is the company’s
first under its Rural UniFi program, a comprehensive acquisition
initiative announced in September 2009.
“As we complete the first acquisition under the Rural
UniFi program, we have begun executing our vision to create a
sizable, next-generation rural communications company. Operating
in eleven states provides us with the geographic reach that exposes
us to many opportunities where we can leverage our existing network
footprint and field personnel to generate cost-savings and subscriber
growth. SkyWi is a great example of how we are able to derive
synergies from adjacent networks. SkyWi’s subscriber base
and revenues will partially offset losses in those areas we experienced
due to the market environment in 2009. Management anticipates
that SkyWi will contribute over $300,000 of revenues and approximately
$150,000 in EBITDA in 2010”, commented Jonathan Snyder,
Chief Executive Officer of KeyOn.
Because of the lack of available broadband options, rural markets
are often served by independent wireless broadband operators
who provide valuable broadband services to their communities.
Estimates put the number of independent wireless broadband companies
at over 2,000, making the industry quite fragmented. Historically,
without available capital, these companies can experience growth
challenges as well as inefficient cost structures associated
with smaller customer bases. These factors have contributed to
the fact that rural markets lag their urban and suburban counterparts
in terms of home broadband penetration by over 20 percent (approximately
46% versus 67% broadband penetration for suburban and urban,
respectively).
Snyder continued, “We believe that
combining similarly situated operators will bring greater scale
for the industry resulting in better purchasing power for KeyOn
and also an ability to attract significant capital and top-tier
technology partners to rural communities. In this way, we can
both accelerate rural broadband adoption and expedite the delivery
of next-generation services. KeyOn is excited to be at the
forefront on this consolidation effort and we expect to announce
many more participants in the initiative.”
Interested wireless broadband operators can
visit KeyOn’s
unique initiative through the Company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Presenting at WiMAX
Forum Congress Americas '09
Jason Lazar, KeyOn’s VP of Corporate Development and General
Counsel to Speak on Benefits of WiMAX
OMAHA, NE (December 1, 2009) --
KeyOn Communications Holdings, Inc. (OTCBB: KEYO) (http://www.keyon.com),
one of the largest providers of wireless broadband, satellite
video and voice over Internet protocol (VoIP) services in the
United States, announced today that its Vice President of Corporate
Development and General Counsel, Jason Lazar, will present
and participate in a panel discussion at the WiMAX Forum Congress
Americas '09 on
December 2, 2009 in Fort Lauderdale, FL.
Mr. Lazar will make a presentation on the sustainability of
WiMAX to serve previously unviable areas. He will also serve
on a panel discussion on the impact of the broadband portions
of the American Recovery and Reinvestment Act of 2009 (ARRA)
on WiMAX deployments in the U.S. ARRA has allocated $7.2 billion
to broadband networks and related infrastructure in rural, unserved
and underserved communities across the U.S Joining Mr. Lazar
on the panel will be Mr. Paul Sinderbrand, Partner, Wilkinson,
Barker, Knauer; David Villano, Assistant Administrator, Telecommunications
Program, RUS/USDA; and Randall Schwartz, Principal Consultant,
Wireless 20/20.
Commenting on the announcement, Mr. Lazar
stated, “This
is a great time to be in the wireless industry and I appreciate
the opportunity to participate in this important conference.
I look forward to being able to discuss the benefits and capital
efficiency of WiMAX in rural markets and collaborate with significant
players in our industry.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
http://www.keyon.com/
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, President
415-389-4670
john@liviakis.com
http://www.liviakis.com/
KeyOn Reports Third Quarter 2009 Results
OMAHA, NE (November 17, 2009) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO), one of the largest providers of wireless
broadband, satellite video and voice over Internet protocol (VoIP)
services in the United States, reported its financial results
for the quarter ended September 30, 2009.
“Our efforts to control expenses and improve operating
efficiencies in order to generate positive EBITDA continued into
the third quarter. While we reported negative EBITDA for the
first time in three consecutive quarters, our third quarter was
close to EBITDA positive after adjusting for non-cash items and
some one-time expenses. In particular, third quarter results
from operations include over $370,000 of expenses incurred in
connection with KeyOn’s $150 million stimulus applications
under the American Recovery and Reinvestment Act of 2009 (ARRA) ”,
commented Jonathan Snyder, President and CEO of KeyOn Communications. “In
this quarter, the capital markets afforded us with the opportunity
to think about growth and strategic initiatives again. With the
additional equity capital we have raised, our team completed
detailed stimulus applications as well as initiating acquisition
efforts of similarly situated operators through our Rural UNIFi
program. Finally, we began expanded marketing efforts in order
to grow our entire customer base – within our existing
footprint and in any acquired networks.”
2009 Third Quarter Consolidated Results
For the third quarter ended September 30, 2009, the Company reported
revenue of $1,672,730, a decrease of approximately 11.0%, as
compared to $1,878,737 for the third quarter ended September
30, 2008. This decrease is consistent with the Company’s
previous cost restructuring plan focused on reducing overall
marketing and advertising costs. While customer disconnects
have remained stable, the absence of marketing to acquire new
subscribers has resulted in an overall decline in the customer
base.
The operating loss, which included non-cash stock-based compensation
expense of $0.5 million for the quarter ended September 30, 2009,
was $1.4 million for the quarter ended September 30, 2009, as
compared to an operating loss of $1.3 million for the quarter
ended September 30, 2008, which included non-cash based stock
compensation of $0.5 million.
The Company reported a net loss of $2.9 million, or $0.20 loss
per common share, for the quarter ended September 30, 2009, compared
to a net loss of $1.3 million, or $0.18 loss per common share,
for the quarter ended September 30, 2008, an increase of 95%.
However, the results for September 2009 quarter included interest
expense of $1.5 million which includes $1.2 million for a beneficial
conversion (a non-cash item) related to the conversion of the
secured subordinated notes that matured on August 31, 2009.
Adjusted EBITDA for the quarter ended September 30, 2009 was
negative $10,156 compared to negative $66,328 in the third quarter
in the prior year, a decrease of $56,172, or 85%.
Annette Eggert, KeyOn’s CFO, stated, “We have continued
to show financial strength by significantly improving our working
capital position – 49% on a quarter over quarter basis.
In addition to balance sheet improvements, our focused cost reduction
initiatives have provided a solid operating foundation for us
to move forward with our current business strategy designed for
greater growth and scale.”
Prior Quarters
The company also restated results for the first and second quarters
of 2009. These changes were non-cash adjustments resulting
in an increase to non-cash stock compensation expense in payroll
of $648,155 and a decrease in non-cash stock compensation in
professional fees of $66,250, a net increase in total operating
expenses of $581,905 for the nine months ended September 30,
2009. The restatement resulted in Net Loss changes of $648,155,
($92,750) and $26,500, for the first quarter of 2009, second
quarter of 2009, and third quarter 2009, respectively.
Outlook
Jonathan Snyder continued, “Our revenues
are down slightly quarter over quarter which is consistent with
our lack of marketing over the past year. However, we have made
investments in restarting growth as well as in new products for
our customer base. With the recent announcement of our partnership
with Google, a renewed focus on acquisitions through our Rural
UNIFi initiative and efficiencies gained in operations, KeyOn
is in an ideal position to take advantage of our leadership position
in the industry.”

Click chart to see full version
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video, VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and is not recognized under GAAP
(generally accepted accounting principles). Accordingly, investors
are cautioned in using or relying upon these measures as alternatives
to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment, non-cash stock-based compensation,
and broadband stimulus application expenses. Adjusted EBITDA
should not be construed as an alternative to operating loss
as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Communications Holdings to Host Investor
Conference Call
Company to provide overview of Rural
UniFi, the Company’s
acquisition program, and status of transactions as well as a general
corporate update
OMAHA, NE (November 9, 2009) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO) (http://www.keyon.com), one of the largest
providers of wireless broadband, satellite video and voice over
Internet protocol (VoIP) services in the United States, announced
today it will host an investor conference call and webcast on
Thursday, November 12, 2009 at 4:15 pm EDT.
KeyOn’s CEO, Jonathan Snyder, will provide an overview
of the Company’s Rural UniFi initiative, a program designed
to rapidly expand its subscriber base and network footprint through
acquisitions. Management will discuss how it believes that KeyOn
is ideally positioned to acquire and integrate wireless broadband
companies covering areas that are contiguous to or near rural
areas currently served by the Company. KeyOn has successfully
integrated four previous acquisitions resulting in growth of
its subscriber base and revenues while expanding EBITDA margins.
In addition, a general corporate update will be provided.
The details of the investor presentation
are as follows:
Original Air Date and Time: Thursday,
November 12, 2009, 4:15 pm EDT
Click
here to listen to the replay
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
http://www.keyon.com/
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, President
415-389-4670
john@liviakis.com
http://www.liviakis.com/
KeyOn Introduces Google Apps Communications Tools to its Wireless
Subscriber Base
Subscribers will benefit from the wide range of new features
and applications for their KeyOn broadband connection
OMAHA, NE (September 29, 2009) – KeyOn
Communications Holdings, Inc. (OTCBB: KEYO), one of the largest
providers of wireless broadband, satellite video and voice
over Internet protocol (VoIP) services in the United States,
announced today that it is bringing Google AppsTM Partner Edition
to its wireless broadband subscribers. By offering Google Apps
directly to its subscribers, KeyOn will provide direct access
to Google's popular email and communications tools, such as
Gmail which includes anti-spam and anti-virus protection, Google
Docs collaboration tools, Google Calendar shared calendaring
functionality, and Google Talk instant messaging which includes
voice and video chat.
Commenting on teaming with Google, Rory Erchul,
Vice President, Marketing of KeyOn stated, “We are extremely excited to
have this mutually beneficial relationship. With our subscribers’ desire
for advanced web-based tools, Google Apps represents a perfect
complement to our robust broadband services. Google’s consumer-friendly
applications with their rich feature-sets are ideal for our growing
rural customer base.”
KeyOn subscribers will have the added benefit of accessing their
KeyOn email, powered by Google, from any computer connected to
the Internet. Google Apps is also available for iPhone and Blackberry
devices giving customers increased mobility and productivity
while on the go.
"We recognize that our core competency is providing broadband
connectivity," continued Rory Erchul, "Google is a
leader in creating an exciting and functional experience for
Internet users. With the expected growth in our customer base
through acquisitions and the proposed network expansion through
our applications under the American Recovery and Reinvestment
Act of 2009, we believe that Google Apps will deliver a better
experience due to improved webmail functionality and features,
productivity and collaboration tools, and document and calendar
sharing capabilities."
KeyOn will coordinate with IKANO Communications, Inc., in the
migration process to Google Apps Partner Edition which is expected
to be completed in under 60 days. IKANO provides migration and
support services to service providers seeking to upgrade and
outsource mail and related communication services.
George Naspo, CEO of IKANO commented, "IKANO
is committed to bringing the latest communications services
to rural markets. Our relationship with KeyOn and Google is
an important milestone in the transformation of wireless service
providers to deliver cloud based tools for businesses and consumers."
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next-generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
About IKANO Communications, Inc.
IKANO, founded in 1999, is a provider of IP solutions including
email, Internet access, virtual private cloud hosting, billing
and end user support. IKANO makes it easy for customers and
service providers to maintain their unique brand while eliminating
the hassle of maintaining servers, network contracts and call
centers. IKANO provides Google Apps services and support for
businesses and organizations. Headquartered in Salt Lake City,
Utah, the company has offices in Los Angeles, Seattle, and
Toronto. IKANO is backed by Insight Venture Partners and other
investors. Companies interested in learning more about Google
Apps Partner Edition with IKANO should contact googleleads@ikano.com,
call (818) 350-2763, or visit http://partneredition.ikano.com.
http://www.twitter.com/ikano.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
IKANO Company Contact:
IKANO Communications, Inc.
Douglas Pollei, 818-350-2763
VP Internet Strategy and Corporate Development
dpollei@ikano.com
KeyOn Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Launches Aggressive Acquisition Initiative for Wireless
Broadband Companies
Rural UniFi initiative allows wireless broadband companies in
rural markets to realize immediate value from their networks
by joining KeyOn
OMAHA, NE (September 9, 2009) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO - News), one of the largest providers of wireless
broadband, satellite video and voice over Internet protocol (VoIP)
services in the United States, announced today that the company
has launched an aggressive acquisition initiative, called Rural
UniFi, designed to rapidly expand its subscriber base and network
footprint. KeyOn already boasts a network covering 50,000 square
miles in 11 states, making it ideally positioned to integrate
wireless broadband companies in contiguous areas. The Company
has successfully integrated four previous acquisitions resulting
in growth of its subscriber base and revenues while expanding
EBITDA margins.
Commenting on the initiative, Jonathan Snyder,
President and CEO, stated, “We have been focused on growing
broadband subscribers in rural markets for over seven years,
having evolved from a single market operator to a company that
is one of the largest providers of wireless broadband in the
country. The rural wireless broadband industry is extremely
fragmented, with very few companies realizing any economies
of scale in their businesses. Considering the current lack
of capital available in the market, the Rural UniFi initiative
represents a way for wireless broadband companies to unlock
the value of their networks. Our companies can share in the
upside of a larger, scalable company while we leverage our
existing systems, management experience and wide distribution
network. Over the coming months, we expect to make several
announcements about companies that have agreed to join the
initiative.”
Because of the lack of available broadband options, rural markets
are often served by independent wireless broadband operators
who provide valuable broadband services to their communities.
Despite their efforts, rural markets continue to lag their urban
and suburban counterparts in terms of home broadband penetration
by over 20 percent (approximately 45% versus 65% broadband penetration
for rural and urban, respectively). While some progress has been
made increasing rural broadband penetration, there is still a
significant amount of growth opportunity remaining. By bringing
greater scale, purchasing power, favorable pricing and top-tier
technology partners to these communities, KeyOn believes it can
accelerate rural broadband adoption and expedite the delivery
of next-generation services.
Mr. Snyder continued, “While we remain excited about the
potential opportunities through the American Recovery and Reinvestment
Act of 2009 (ARRA), we have always grown through acquisitions
and our Rural UniFi initiative reinvigorates this effort in a
big way. Given our diverse coverage area across the Midwestern
and Western U.S. and our experience in growing rural markets,
we are strategically positioned to continue to successfully integrate
rural wireless broadband providers into KeyOn’s operations.
We have always believed that by bringing together contiguous
networks we can create a sizable, next-generation rural telecommunications
company.”
KeyOn has added resources in support of the
Rural UniFi initiative in order to handle the volume of pending
transactions and inquiries. Interested wireless broadband operators
can visit KeyOn’s
unique initiative through the Company’s website (www.keyon.com/ruralunifi.html)
where they can receive more information and begin the qualification
process.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTCBB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “EBITDA” which
is a measurement used by KeyOn Communications to monitor business
performance and are not recognized measures under GAAP (generally
accepted accounting principles). Accordingly, investors are cautioned
in using or relying upon these measures as alternatives to recognized
GAAP measures.
“EBITDA” is defined as earnings
or loss from operations adjusted for depreciation, amortization,
interest expenses, goodwill impairment, non-cash stock based
compensation expenses. Adjusted EBITDA should not be construed
as an alternative to operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Continues to Improve its Balance Sheet with Note Conversion
KeyOn has reduced outstanding indebtedness by $1.9 million and
increased equity capital by $3.3 million since May 2009
OMAHA, NE (September 2, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers
of wireless broadband, satellite video and voice over Internet
protocol (VoIP) services in the United States, announced today
that the holders of the Company’s subordinated secured notes due August
31, 2009 have elected to convert their notes into shares of the
Company’s common stock.
The Company had a series of subordinated
secured notes which were issued between July and December 2008.
The notes were convertible into shares of the Company’s common stock at any time prior
to maturity, which afforded the Company with an opportunity to
reduce its outstanding debt and provided the holders of the notes
with an additional option of repayment. As of August 31, 2009,
the Company has reduced notes payable and interest payable liability
by $1,188,042 in exchange for the issuance of 2,376,090 shares
of common stock, representing the conversion of all of the Company’s
existing notes. These notes will be eliminated from the Company’s
current liabilities.
Importantly, two executives of the Company and their affiliates
- Jonathan Snyder, CEO, and Jason Lazar, Vice
President Corporate Development and General Counsel - held notes
totaling $555,137 (48% of the total outstanding notes) and participated
in this conversion, demonstrating confidence in the Company and
its current strategy.
In June, KeyOn reported that it had extended
the maturity of its senior term loan for 6 years and reduced
the principal by $450,000. Together with the reduction in the
Company’s
subordinated notes, KeyOn has eliminated $1.9 million of short-term
indebtedness since May 2009 and has approximately $4.0 of long-term
debt remaining on its balance sheet (not including capital lease
obligations). In addition, KeyOn has increased equity capital
by $3.3 million through the conversion and recent equity raises
and has raised a total of $2.1 million since May 2009.
Commenting on the announcement, Jonathan
Snyder, President and CEO of KeyOn Communications, stated, “In
2009, our company goals were to generate positive EBITDA, strengthen
our balance sheet and fulfill our strategic objectives including
our application for government stimulus capital under the American
Recovery and Reform Act of 2009 (ARRA) and the continuation
of our acquisition efforts. With the conversion of our subordinated
secured notes, I am extremely pleased that into the third quarter,
we are tracking against our plan. We have reported 3 straight
quarters of positive adjusted EBITDA, have significantly de-levered
our balance sheet, raised common equity and completed federal
stimulus applications totaling $150 million.”
Annette Eggert, KeyOn’s CFO, stated, “With
the debt reductions, our current liabilities have become normalized.
We are expecting that our accounts payable and accrued expenses
will also be reduced in the coming quarters as we are expecting
credits from certain vendors for previously expensed charges.
I believe our balance sheet for the third quarter will provide
a strong foundation for our growth through ARRA and acquisitions.”
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and are not recognized measures
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment, non-cash stock based compensation
expenses and other one time expenses incurred. Adjusted EBITDA
should not be construed as an alternative to operating loss
as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Files Applications for $150 Million of Federal Broadband
Stimulus Funds under the American Recovery and Reinvestment Act
of 2009
Stimulus Funds Would Provide For Rapid and Vast Expansion of
KeyOn’s Wireless Broadband Networks to Offer Connectivity
to More Than 6 Million People in Rural America
OMAHA, NE (August 19, 2009) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO - News), one of the largest providers of wireless
broadband, satellite video and voice over Internet protocol (VoIP)
services in the United States, announced today it has submitted
multiple applications for federal funding through the Broadband
Initiatives Program (BIP), as part of the American Recovery and
Reinvestment Act of 2009 (ARRA).
Of the $7.2 billion allocated for broadband
infrastructure in the ARRA, $2.5 billion is administered by
the Rural Utilities Service for specific deployment of broadband
networks and related infrastructure in rural, unserved and
underserved communities across the U.S. If successful under
this program, KeyOn’s
existing wireless networks, which currently cover approximately
2.5 million people, would be expanded to cover as many as 16
states, and provide wireless broadband access to as many as 6.5
million people.
Commenting on the submissions, Jonathan Snyder,
President and CEO of KeyOn Communications, stated, “The management, employees,
and key consultants of KeyOn have spent the past 3 months focusing
on and refining our plan to submit these applications under the
BIP for rural broadband deployment. As KeyOn is the largest and
most experienced provider of wireless broadband networks specifically
serving rural markets, I believe we are strongly positioned to
extend the reach of broadband to the neediest areas in the country – namely
the rural markets.”
KeyOn has submitted its applications in the first round of an
expected three rounds, in which $2.4 billion has been set aside
for funding. Importantly, the RUS will not fund more than one
project to serve any given geographic area.
Mr. Snyder continued, “The goals of the Broadband Initiatives
Program are aimed at enhancing rural America’s productivity
and economic competitiveness by increasing broadband adoption
while creating sustainable jobs. These are two goals that our
plan addresses head-on and incorporates other tenets of the plan
by promoting the use of broadband to a variety of public service
organizations, such as schools and colleges, libraries, medical
and health care centers and community support organizations.
Our network design takes advantage of the latest fourth generation
(4G) WiMAX technology and the newly regulated 3.65GHz spectrum,
for which we hold a nationwide license.”
“With a network that currently spans 382 wireless broadband
towers which has served mainly rural populations over the last
seven years, we possess the experience and commitment to immediately
commence construction of these next-generation wireless networks
upon receipt of stimulus funds. We applaud the Obama Administration’s
effort to expand broadband access into rural areas, the FCC’s
foresight in making available the 3.65GHz spectrum which is ideal
for the rural broadband initiative, and RUS’s efficient
management of this process.”
About The Rural Utility Service (RUS) Broadband Initiatives
Program (BIP)
As a part of the American Recovery and Reinvestment
Act of 2009, a total of $2.5 billion was allocated to the U.S.
Department of Agriculture’s Rural Utilities Service (RUS)
to accelerate broadband deployment in rural areas of the country
through the Broadband Initiatives Program (BIP). RUS will award
grants, loans and loan/grant combinations to fund broadband
infrastructure throughout the country. All funding distributed
by RUS under the Act, whether grants, loans or loan guarantees,
is required to be used for projects wherein at least 75% of
a funded area is in a rural area that lacks sufficient high
speed broadband service to facilitate economic development.
Section 6001 of the Recovery Act establishes a national broadband
service development and expansion program to promote five core
purposes:
a. To provide access to broadband service to consumers residing
in un-served areas of the country;
b. To provide improved access to broadband service to consumers
residing in underserved areas of the country ;
c. To provide broadband access, education, awareness, training,
equipment, and support to community anchor institutions (e.g.,
schools, libraries, medical facilities), or organizations and
agencies serving vulnerable populations (e.g., low-income, unemployed,
aged), or job-creating strategic facilities located in state
or federally designated economic development areas;
d. To improve access to, and use of, broadband service by public
safety agencies; and
e. To stimulate the demand for broadband, economic growth, and
job creation.
RUS will favor funding projects that can, among other things,
commence construction promptly and demonstrate technical and
financial feasibility, organizational capacity, and compliance
with other Administration priorities.
More information about the RUS Broadband Initiatives Program
can be found at:
http://www.broadbandusa.gov/files/BB%20NOFA%20FINAL%2007092009.pdf
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
REPLAY of KeyOn Investor
Conference Call with CEO Jonathan Snyder
Original Broadcast Date and Time: Wednesday, July
15, 2009, 4:15 pm EDT / 1:15 pm PDT
REPLAY the Internet Webcast Link: CLICK
HERE
KeyOn is in the process of partnering
with certain critical community facilities and anchors in connection
with its ARRA funding initiatives. Those that may qualify include,
but are not limited to: libraries, hospitals, clinics, schools
and community centers. If you are interested in learning
more about collaborating with KeyOn’s efforts, please send
an email with the institution’s name, city, state, and
a contact’s name, email address and phone number to community@keyon.com.
For more information, please click below.

KeyOn Communications Holdings to Host Investor Conference Call
Company to Provide Corporate Overview as Well as Insight into
Its Positioning for the $7.2 Billion Broadband Stimulus Program
under the American Reinvestment and Recovery Act (ARRA)
OMAHA, NE (July 9, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO) (http://www.keyon.com), one of the
largest providers of wireless broadband, satellite video and
voice over Internet protocol (VoIP) services in the United States,
announced today it will host an investor conference call and
webcast on Wednesday, July 15, 2009 at 4:15 pm EDT.
KeyOn’s CEO, Jonathan Snyder, will provide
an overview of the Company and discuss its positioning to participate
in the American Recovery and Reinvestment Act of 2009 which allocates
$7.2 billion of stimulus to provide broadband access to rural
and underserved areas throughout the United States, among other
things. Mr. Snyder will articulate how KeyOn intends to use stimulus
funds to extend the reach of its current rural broadband network
which spans eleven states which will facilitate the creation
of jobs and economic expansion in and around its market footprint.
There will be a Q & A session at the end of the presentation.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the United States, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a
combination of organic growth and acquisitions, KeyOn has expanded
its network footprint to reach approximately 50,000 square miles
and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the American
Recovery and Reinvestment Act of 2009 (ARRA) and its allocation
of $7.2 billion for the deployment of broadband infrastructure,
among other things, the company intends to build next generation
wireless broadband networks in and around its market footprint.
More information on KeyOn can be found at www.keyon.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
http://www.keyon.com/
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, President
415-389-4670
john@liviakis.com
http://www.liviakis.com/
KeyOn Further Strengthens Balance Sheet with Loan
Extension and Modification of Terms
Debt principal is reduced and reclassified as a long-term obligation
OMAHA, NE (June 19, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers of
wireless broadband, satellite video and voice over Internet protocol
(VoIP) services in the United States, reported that it reached
an agreement with its senior lender, Sun West Bank, to amend
the terms of the Company’s existing loan and modify its
loan agreement.
Pursuant to the change in terms, the maturity date
of the Loan was extended for 6 years from June 4, 2009 until
June 4, 2015. For the first 12 months the loan is interest only,
and for the following 5 years the loan is amortized over a 10-year
period with a final balloon payment. As part of the agreement,
KeyOn made a principal reduction payment of $450,000, reducing
the principal balance of the Loan from $4,500,000 to $4,050,000.
Commenting on the announcement, Jonathan Snyder,
President and CEO of KeyOn Communications, stated, “We
have continued to improve our operating performance as evidenced
by our two consecutive quarters of positive adjusted EBITDA.
In addition, we have made strides towards bolstering our capital
position and improving our leverage ratio. I am extremely pleased
that we were able to accomplish the deleveraging of our balance
sheet while moving a short-term debt item to a long-term category,
especially with a maturity date 6 years out.”
Mr. Snyder continued, “KeyOn is continuing
to develop its application for stimulus funds for the extension
of its broadband networks under the American Reinvestment and
Recovery Act. We are hoping to submit a sizable application and
by strengthening our capitalization, we believe we are a stronger
applicant and an even better investment vehicle for our potential
future equity partners.”
Annette Eggert, KeyOn’s CFO, stated, “The
loan will now be reclassified as Long-Term Debt where it had
previously been in our Current Liabilities. Together with the
principal reduction, our working capital position and current
ratio are dramatically improved.”
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. Management intends to drive subscriber growth through
additional acquisitions as well as organic growth across the
company’s expanding footprint by offering bundled services
including broadband, video and VoIP and related valuable services
such as the Bullseye Club. Through its participation in the
American Recovery and Reinvestment Act of 2009 (ARRA) and its
allocation of $7.2 billion for the deployment of broadband
infrastructure, among other things, the company intends to
build next generation wireless broadband networks in and around
its market footprint. More information on KeyOn can be found
at www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and is not a recognized measure
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment and non-cash stock based
compensation expenses. Adjusted EBITDA should not be construed
as an alternative to operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
KeyOn Set to Implement LogiSense’s
Billing and OSS Management Tools
Robust software system to handle KeyOn’s expected surge
in subscriber growth
OMAHA, NE and CAMBRIDGE, ON (June 10, 2009) --
KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of the
largest providers of wireless broadband, satellite video and
voice over Internet protocol (VoIP) services in the United States,
and LogiSense Corporation, a leading provider of billing, OSS
and business process management solutions for telecommunication
and broadband service providers, announced that KeyOn is implementing
LogiSense’s EngageIP billing, operations support/customer
resource management (OSS/CRM) platform. EngageIP will provide
KeyOn with secure, end-to-end bill processing, order management
and customer information management for its wireless broadband
and related services
Commenting on the announcement, Jonathan Snyder,
President and CEO of KeyOn Communications, stated, “We
knew with continued growth of our business, KeyOn was going to
need a robust and dynamic platform to handle significant subscriber
additions. With EngageIP, we get a management system that fully
automates our service delivery, billing and customer management
functions for not only our wireless broadband service but also
other complementary services we offer, such as VoIP.”
KeyOn has been preparing its application for funding
under the American Recovery and Reinvestment Act of 2009, which
is allocating $7.2 billion to extend the reach of broadband access
to rural and underserved areas throughout the United States,
among other things. With KeyOn’s stated intention to continue
to make accretive acquisitions and organically grow its customer
base, KeyOn sought to upgrade its OSS and billing systems. After
an exhaustive search of providers, KeyOn selected LogiSense for
its technical expertise and commitment to the project.
LogiSense’s solution provides a complete
wireless broadband service management platform with EngageIP
billing in order to authenticate, rate and bill KeyOn’s
wireless subscribers. The EngageIP platform is being used to
service catalogue, authenticate, rate, bill and provision fixed
wireless and mobile data services, like “hot spots”.
Flavio Gomes, CEO of LogiSense, commented, “We
are extremely pleased to be working with one of the largest wireless
broadband companies in the US. We are confident that our software
products will meet the needs of rapidly growing broadband service
providers like KeyOn, around the globe. The KeyOn team has a
big vision and expects its customer backend to be up to the task – LogiSense
believes it has the best solution and is excited to be a part
of KeyOn’s business plans.”
“LogiSense has been a pleasure to work with
from the technology aspects to the level of support we get from
their team. We greatly appreciate LogiSense’s diligence
and responsiveness we have received on our product roll-out.
We look forward to a continued mutually beneficial association”,
stated Jonathan Snyder.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United States,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP
and satellite video services to both residential and business
subscribers across 11 Western and Midwestern states. Through
a combination of organic growth and acquisitions, KeyOn has
expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video and VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
About LogiSense Corporation
LogiSense Corporation is the leading provider of IP network service
management products for service providers competing in the
converged IP services market. The EngageIP products address
specific network usage administration requirements including
billing, cost allocation, customer care, traffic management,
rating, and IP services delivery. For more information about
LogiSense, visit www.logisense.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, 402-998-4044
VP of Marketing
rerchul@keyon.com
www.keyon.com
- or -
Investor Relations Contact:
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
John@Liviakis.com
www.liviakis.com
LogiSense Corporation
Flavio Gomes, (519)249-0508x1101
fgomes@logisense.com
KeyOn Engages Premier
Telecom Consultancy
Adds expertise in preparation for the ARRA Broadband Stimulus Program
OMAHA, NE (June 1, 2009) -- KeyOn Communications
Holdings, Inc. (OTCBB: KEYO), one of the largest providers of
wireless broadband, satellite video and voice over Internet protocol
(VoIP) services in the United States, announced today it has
engaged Interactive Broadband Consulting Group, LLC (IBB Consulting)
to assist in the company’s application under the American
Recovery and Reinvestment Act of 2009 that allocates $7.2 billion
to provide broadband access to rural and underserved areas throughout
the United States, among other things.
Management expects that if it is successful in
its application, funds from the stimulus program will enable
KeyOn to extend the reach of its networks to areas contiguous
to the company’s existing network footprint. The Company
expects to introduce next-generation services by deploying advanced
wireless broadband equipment utilizing “WiMAX” (Worldwide
Interoperability for Microwave Access) technology. The advantages
of deploying WiMAX technology, based on a global standard, include
higher data speeds, greater spectral efficiency, advanced nomadic
services with self-installation features, global economies of
scale and forward compatibility with the mobile WiMAX (802.16
(e) standard).
Commenting on the announcement, Jonathan Snyder,
President and CEO of KeyOn Communications, stated, “We
are extremely pleased to add such a knowledgeable partner to
our growing team. As our current operations cover rural populations
in 11 states, our application is going to be quite exhaustive.
IBB has a great track record in providing quality, in-depth advice
to top-tier telecommunications service providers, including most
of the top cable companies in the U.S., for the formulation of
proposals and the execution of wireless network build strategies.
We believe the stimulus program is a watershed event for broadband
in the United States and in particular, rural America – we
believe KeyOn can play an important role in achieving the goals
of the statute.”
Michael Wong, a principal of IBB Consulting commented, “We
are pleased to be working with KeyOn on this important initiative.
With our extensive track record helping national, regional and
emerging operators develop business plans and proposals and the
work we have done to date on the ARRA stimulus package, we believe
we are ideally suited to support KeyOn. These federal telecommunications
stimulus programs are directed towards service providers who
will not only deliver next generation broadband services to under-served
communities but also deploy “shovel-ready” projects
that can be commenced within 120 days from the passage of ARRA.
With KeyOn’s existing base of operations, business strategy
and ability to deploy networks quickly make it an ideal candidate
for participation in the funding.”
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the
largest providers of wireless broadband, satellite and voice
over Internet protocol (VoIP) services in the United, primarily
targeting underserved markets with populations generally less
than 50,000. KeyOn offers broadband services with VoIP and
satellite video services to both residential and business subscribers
across 11 Western and Midwestern states. Through a combination
of organic growth and acquisitions, KeyOn has expanded its
network footprint to reach approximately 50,000 square miles
and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video and VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
About Interactive Broadband Consulting Group
Interactive Broadband Consulting Group, LLC (IBB Consulting)
is a premier boutique consulting firm serving leading broadband-related
product and service providers in the Cable, Mobile, Media and
Technology industries. We offer the collective expertise of
a team of broadband industry veterans, with world-class industry
knowledge and business, technology and operational experience.
Throughout the history of the broadband industry, we have helped
our clients conceive, build and grow some of the industry's
most significant strategic, marketing, product, technology
and operational initiatives. More information on IBB Consulting
can be found at http://www.ibbconsulting.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul
VP of Marketing
402-998-4044
rerchul@keyon.com
www.keyon.com
Investor Relations Contact:
Liviakis Financial Communications, Inc
John Liviakis
John@Liviakis.com
(415) 389-4670
655 Redwood Hwy, Suite 395
Mill Valley, CA 94941
www.liviakis.com
Consulting Contact:
Interactive Broadband Consulting Group, LLC (IBB Consulting)
info@ibbconsulting.com
KeyOn Reports First
Quarter 2009 Results
OMAHA, NE (May 15th,
2009) -- KeyOn Communications Holdings, Inc. (OTCBB: KEYO),
one of the largest providers of wireless broadband, satellite
video and voice over Internet protocol (VoIP) services in the
United States, reported its financial results for the quarter
ended March 31, 2009.
Commenting on the announcement, Jonathan
Snyder, President and CEO of KeyOn Communications, stated, “While
we have not expanded our business by acquiring other wireless
broadband companies or through organic growth as we have done
in prior years, we have continued to execute on our current strategy
of controlling expenses and improving our operating efficiencies.
These efforts have further strengthened our operating foundation
as evidenced by the fact that for the second quarter in a row,
we achieved positive EBITDA of $525,387 and adjusted EBITDA of
$64,714.”
Mr. Snyder continued, “We are now preparing for a renewed
subscriber growth and build-up of our pipeline of acquisitions. Moreover,
we are extremely excited by our expected participation in the
$7.2 billion stimulus funding targeted at providing broadband
access to rural and underserved areas throughout the United States. With
our expansive network footprint across 11 states and our proven
track record of extending the reach of broadband to rural areas,
we’re ideally positioned to receive these funds. We
are putting the pieces in place for our application for stimulus
funds through the National Telecommunications & Information
Administration’s (NTIA) Broadband Technology and Opportunities
Program (BTOP),as well as the Department of Agriculture’s
Rural Utilities Service (RUS) program, both of which are a part
of the 2009 American Recovery and Reinvestment Act economic stimulus
package. The NTIA and RUS are providing grants, loans and
loan guarantees that will fund the build-out of the latest generation
of broadband for the benefit of rural households, businesses
and public good institutions like hospitals, libraries, and public
safety.”
2009 First Quarter Consolidated Results
For the first quarter ended March 31,
2009, the Company reported revenue of $1,866,172, a decrease
of approximately 8.8%, as compared to $2,046,031 for the first
quarter ended March 31, 2008. This decrease is consistent with
our cost restructuring plan which focused on maintaining our
current subscriber base while reducing overall marketing and
advertising costs. Customer disconnects have remained stable
but not marketing to acquire new subscribers resulted in an overall
decline in our customer base.
The operating loss, which included
non-cash stock-based compensation expense reversal of $0.5 million
for the quarter ended March 31, 2009, was $0.1 million for the
quarter ended March 31, 2009, as compared to an operating loss
of $ 2.4 million for the quarter ended March 31, 2008 which included
non-cash based stock compensation of $1.1 million.
The Company reported a net loss of
$0.4 million, or $.04 loss per common share, for the quarter
ended March 31, 2009, compared to a net loss of $2.6 million,
or $.31 loss per common share, for the quarter ended March 31,
2008, an improvement of 85%.
Adjusted EBITDA for the quarter ended
March 31, 2009 was $64,714 compared to negative $563,100 in the
first quarter in the prior year, an improvement of $627,814.
Annette Eggert, KeyOn’s CFO,
stated, “We have made significant strides toward our financial
target of generating continued positive EBITDA. Our two consecutive
quarters of positive EBITDA margin demonstrates that our efforts
are having a significant and measurable impact on our business.
Furthermore, we believe this trend to continue as we move forward
with our business plan.”
Outlook
Jon Snyder continued, “We are extremely optimistic about
the future of providing broadband to rural and underserved markets
in the US. Over the past 6 years, our mission has been to extend
the reach of broadband using wireless technologies. Now, with
the stimulus funds made available under ARRA for broadband deployment,
we should be able to vastly accelerate the growth of our business.
And, with the capital markets slowly bouncing back, we are looking
at restarting our acquisition efforts in the coming quarters.”
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO)
is one of the largest providers of wireless broadband, satellite
and voice over Internet protocol (VoIP) services in the United,
primarily targeting underserved markets with populations generally
less than 50,000. KeyOn offers broadband services with VoIP and
satellite video services to both residential and business subscribers
across 11 Western and Midwestern states. Through a combination
of organic growth and acquisitions, KeyOn has expanded its network
footprint to reach approximately 50,000 square miles and cover
nearly 2,500,000 people as well as small-to-medium businesses.
With its successful track record of acquiring companies and growing
its core subscriber base, KeyOn is one of the leading wireless
broadband companies in the United States. Management intends
to drive subscriber growth through additional acquisitions as
well as organic growth across the company’s expanding footprint
by offering bundled services including broadband, video and VoIP
and related valuable services such as the Bullseye Club. The
company also intends to opportunistically build mobile and/or
nomadic WiMAX networks in and around its market footprint. More
information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and are not recognized measures
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined as earnings
or loss from operations adjusted for depreciation, amortization,
goodwill impairment and non-cash stock based compensation expenses.
Adjusted EBITDA should not be construed as an alternative to
operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press release
are "forward-looking statements" within the meaning
of applicable federal securities laws, including, without limitation,
anything relating or referring to future financial results and
plans for future business development activities, and are thus
prospective. Forward-looking statements may include, without
limitation, the company’s expectations regarding: future
financial and operating performance and financial condition;
plans, objectives and strategies; product development; industry
conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, VP of Marketing
402-998-4044
rerchul@keyon.com
Investor Relations Contact:
Liviakis Financial Communications, Inc John Liviakis (415) 389-4670 John@Liviakis.com 655 Redwood Hwy, Suite 395 Mill Valley, CA 94941 www.liviakis.com
KeyOn Reports 2008
Record Revenue and Positive EBITDA in Q4 2008
Company Will Apply To Participate
in $7.2 Billion Stimulus Plan for Broadband Expansion
OMAHA, NE (April 15, 2009) -- KeyOn Communications Holdings,
Inc. (OTCBB: KEYO), one of the largest providers of wireless
broadband, satellite and voice over Internet protocol (VoIP)
services in the United States, reported record revenue as part
its financial results for the year ended December 31, 2008.
Commenting on the announcement, Jonathan
Snyder, President and CEO of KeyOn Communications, stated, “In
spite of challenging economic conditions, KeyOn was able to
post record annual revenue in 2008. Moreover, we achieved a
significant financial milestone in the fourth quarter, recording
positive adjusted EBITDA of $64,725. Throughout the year, we
continued to implement a series of actions to increase revenue,
improve operating efficiencies and reduce expenses.”
Mr. Snyder continued, “In addition to our ongoing pursuit
of additional accretive acquisitions, we are preparing our application
to participate in the $7.2 billion stimulus funding targeted
at providing broadband access to rural and under served areas
throughout the United States. As part of the 2009 American Recovery
and Reinvestment Act economic stimulus package, The National
Telecommunications & Information Administration (NTIA) is
issuing grants through the Broadband Technology and Opportunities
Program (BTOP), and the Department of Agriculture’s Rural
Utilities Service (RUS) program is offering grants, loans and
loan guarantees that will fund the build-out of rural broadband
for municipalities, state governments, utility companies, and
rural telecom providers. With our proven track record as one
the largest wireless broadband providers serving rural markets
throughout eleven states, KeyOn is ideally positioned to participate
in this unprecedented stimulus package.”
2008 Year Consolidated Results
For the year ended December 31, 2008, revenue
was a record $7.8 million, an increase of 8.5% as compared
to $7.2 million for the year ended December 31, 2007. The operating
loss, which included non-cash stock compensation and goodwill
impairment expenses of $3.4 million, was $7.2 million in 2008,
as compared to an operating loss of $7.0 million in 2007. The
Company’s operating
loss margin improved by 5 percentage points year-over-year.
When removing non-cash stock compensation and goodwill impairment
expenses, the normalized operating loss margin improved by 27
percentage points, for a total normalized operating loss of $3.7
million in 2008, as compared to a normalized operating loss of
$5.4 million in 2007. The improved margins were partly the result
of benefits received through finalizing the integration of the
two acquisitions completed in 2007 whereby we eliminated significant
duplicative costs and improved efficiencies through economies
of scale. The Company reported a net loss of $8.1 million, or
$0.96 loss per common share, for the year ended December 31,
2008, compared to a net loss of $7.6 million, or $1.18 loss per
common share, for the year ended December 31, 2007.
Adjusted EBITDA (Earnings before Interest, Taxes, Depreciation
and Amortization) for the year ended December 31, 2008 was negative
$982,788, compared to negative $2,787,856 in the prior year,
an improvement of 65%.
Annette Eggert, KeyOn’s CFO, stated, “During
2008, we became more efficient operationally, allowing the
Company to reduce headcount from 65 full-time employees on
March 31, 2008 to 46 full-time employees as of April 15, 2009.
We also chose to focus our marketing efforts on obtaining referrals
from our existing customer base. These initiatives resulted
in fewer gross customer additions but significantly reduced
the cost of new customer procurement. Network operating expenses
were also decreased. To the extent the rent for a network tower
significantly exceeded the revenues generated by customers
being served, we terminated those lease agreements resulting
in decreased tower expenses. Additionally, we have combined
networks allowing us to purchase fewer circuits and save on
Internet termination costs. Finally, fees charged for new subscriber
installations were increased, resulting in a faster break-even
point for new subscriber additions.”
Outlook
Jonathan Snyder continued, “We are more enthused than
ever about KeyOn’s prospects given its strong legacy market
position as one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services in
the US. When coupled with potential benefits from both the stimulus
package and the existence of multiple possible acquisition targets,
we see a significant opportunity to accelerate growth and create
meaningful shareholder value.”
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB:
KEYO) is one of the largest providers of wireless broadband,
satellite and voice over Internet protocol (VoIP) services
in the United, primarily targeting underserved markets with
populations generally less than 50,000. KeyOn offers broadband
services with VoIP and satellite video services to both residential
and business subscribers across 11 Western and Midwestern states.
Through a combination of organic growth and acquisitions, KeyOn
has expanded its network footprint to reach approximately 50,000
square miles and cover nearly 2,500,000 people as well as small-to-medium
businesses. With its successful track record of acquiring companies
and growing its core subscriber base, KeyOn is one of the leading
wireless broadband companies in the United States. Management
intends to drive subscriber growth through additional acquisitions
as well as organic growth across the company’s expanding
footprint by offering bundled services including broadband,
video and VoIP and related valuable services such as the Bullseye
Club. The company also intends to opportunistically build mobile
and/or nomadic WiMAX networks in and around its market footprint.
More information on KeyOn can be found at http://www.keyon.com.
Non-GAAP Measures
This press release includes disclosure regarding “Adjusted
EBITDA” which is a measurement used by KeyOn Communications
to monitor business performance and are not recognized measures
under GAAP (generally accepted accounting principles). Accordingly,
investors are cautioned in using or relying upon these measures
as alternatives to recognized GAAP measures.
“Adjusted EBITDA” is defined
as earnings or loss from operations adjusted for depreciation,
amortization, goodwill impairment and non-cash stock based
compensation expenses. Adjusted EBITDA should not be construed
as an alternative to operating loss as defined by GAAP.
Safe Harbor Statement
Certain statements contained in this press
release are "forward-looking
statements" within the meaning of applicable federal securities
laws, including, without limitation, anything relating or referring
to future financial results and plans for future business development
activities, and are thus prospective. Forward-looking statements
may include, without limitation, the company’s expectations
regarding: future financial and operating performance and financial
condition; plans, objectives and strategies; product development;
industry conditions; the strength of its balance sheet; and liquidity
and financing needs. Readers are cautioned not to put undue reliance
on such forward-looking statements, which are not a guarantee
of performance and are subject to a number of uncertainties and
other factors, many of which are outside of the company’s
control, which could cause actual results to differ materially
from such statements. For a more detailed description of the
factors that could cause such a difference, please refer to the
company’s filings with the Securities and Exchange Commission,
including the information under the headings “Risk Factors” and “Forward-Looking
Statements” in our Form 10-KSB filed on April 15, 2009.
Consequently, future events and actual results could differ materially
from those set forth in, contemplated by, or underlying the forward-looking
statements contained herein. The company undertakes no obligation
to update or supplement such forward-looking statements.
Company Contact:
KeyOn Communications Holdings, Inc.
Rory Erchul, VP of Marketing
402-998-4044
rerchul@keyon.com
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