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EXHIBIT 99.1
U.S. REALTEL'S NORTH AMERICAN ASSETS SOLD TO SPECTRASITE
CHICAGO - DECEMBER 21, 2000 - U.S.RealTel, Inc. (NASDAQ: USRT-OTC), a leading
international landlord of pre-leased telecommunication access sites, today
announced the company's North American assets and operations were sold to
SpectraSite Holdings, Inc., based in Cary, N.C., in a transaction closed on
December 8, 2000, according to Perry H. Ruda, Chairman and CEO of U.S. RealTel.
The U.S. Realtel portfolio of 8,870 properties in the United States will be
integrated into the SpectraSite Building Division. The SpectraSite Building
Division portfolio now includes more than 20,000 sites under exclusive
management.
U.S. RealTel will continue to serve the South American market through its
subsidiaries, RealTel de Argentina and RealTel do Brasil.
ABOUT U.S. REALTEL
U.S. RealTel obtains the rights to install communications infrastructure in
properties and/or to provide communications services to building tenants. U.S.
RealTel works with property owners to prepare their buildings for the growing
telecom demands of tenants while allowing owners to generate ancillary income
from providers of these services. By marketing properties to a host of telecom
providers, USRT positions buildings as state-of-the-art telecom-ready
environments with broad bandwidth, high connectivity, scalability, redundancy
and security available to the tenant base.
Founded in 1997, U.S. RealTel has established an international network of
pre-leased telecom placement and access rights through its USRT Telecom
Grid-TM-. Under the company's unique methodology, U.S. RealTel eliminates
significant obstacles for owners by managing the telecom infrastructure of their
property and all steps of the installation process. U.S. RealTel serves the
South American market through its subsidiaries, RealTel de Argentina and RealTel
do Brasil. For more information, visit U.S. RealTel's website at
WWW.USREALTEL.COM.
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ABOUT SPECTRASITE COMMUNICATIONS, INC.
SpectraSite Communications, Inc. (WWW.SPECTRASITE.COM), based in Cary, North
Carolina, is one of the leading providers of shared antennae sites and
outsourced network services to the wireless communications and broadcast
industries in the United States and Canada. SpectraSite's business includes
owning and leasing antennae sites on towers, owning and leasing in-building
wireless distribution systems, owning and managing rooftops, network planning
and deployment, and construction of towers and related wireless facilities. Pro
forma for all pending transactions SpectraSite will own or manage more than
30,000 sites, including nearly 9,000 towers. SpectraSite's customers are leading
wireless and wired communications providers and broadcasters, including Nextel,
SBC, Sprint PCS, AT&T Wireless, Verizon, BellSouth, Telecorp, Teligent, Winstar,
Metricom, Cox Broadcasting, Clear Channel Communications, XO Communications,
AT&T Local Services and Paxson Communications.
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THE STATEMENTS CONTAINED IN THIS NEWS RELEASE THAT ARE FORWARD LOOKING ARE BASED
ON CURRENT EXPECTATIONS THAT ARE SUBJECT TO A NUMBER OF UNCERTAINTIES AND RISKS,
AND ACTUAL RESULTS MAY DIFFER MATERIALLY. THE UNCERTAINTIES AND RISKS INCLUDE,
BUT ARE NOT LIMITED TO, COMPETITIVE AND MARKET FACTORS, CUSTOMER PURCHASING
BEHAVIOR, GENERAL ECONOMIC CONDITIONS, TECHNOLOGICAL ADVANCES, REAL ESTATE
TRENDS, AND OTHER FACETS OF THE U.S. REALTEL'S BUSINESS OPERATIONS WHICH ARE
DETAILED FROM TIME TO TIME BY U.S. REALTEL WITH THE SECURITIES AND EXCHANGE
COMMISSION, INCLUDING FORMS 8-K, 10-QSB, 10-KSB AND 10-SB.
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