West Palm Beach, FL -- April 23, 2001 -- Silicon Valley Bank, a wholly owned subsidiary of Silicon Valley Bancshares, announced its establishment of a financing relationship with Orlando, Flordia-based e-xpedident/CAVU Inc. CAVU's e-xpedient is the first corporation to deliver affordable 100 Mbps high-speed Internet access to business users of all levels in markets across the United States.
"We are excited to have established this financing relationship with such a strong banking group," said Brian Andrew, president and CEO of CAVU. "We've long known and respected Silicon Valley Bank's commitment to servicing truly innovative companies in the technology marketplace. More than just dollars, this is a relationship based on the comprehensive value and expertise that Silicon Valley Bank brings to our company."
"Over the past two years we have been seeking ways to team up with CAVU's e-xpedient, one of the hottest technology companies to come out of Central Florida," said Jeff White, senior relationship manager of Silicon Valley Bank's Florida office. "Brian Andrew is a true visionary, an experienced entrepreneur and it's hard not to get caught up in his enthusiasm and passion for his business."
"The speed, cost structure and scalability of CAVU's e-xpedient 100 Mbps Internet service made this company an exciting prospect for Silicon Valley Bank," said Tom Vertin, division manager of Silicon Valley Bank's Southeast Division. "The strong, national reputations of the company's current financial backers only further emphasizes the company's strength and long-term potential in this market."
About e-xpedient/CAVU, Inc.
e-xpedient/CAVU, Inc. is the first to deliver affordable 100 Mbps high-speed Internet access to business users of all levels in markets across the United States. e-xpedient solves the "last mile" problem with a wholly-owned-and-deployed IP-only Metropolitan Area Network (MAN). The company delivers true broadband to end-user business, a service that is instantly available, customer self-provisioned and affordable for each and every size customer, with standard pricing packages ranging from $100 - $5,500 per month. For more information on e-xpedient/CAVU, Inc., review the downloadable Press Kit featured on their Web site, www.e-xpedient.com.
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington.
SVB Contact: Andrea McGhee, (408) 654-3078, firstname.lastname@example.org.