Usurf Revenues Soar

Usurf Revenues Soar

Usurf Posts Gross Profit of $2.6 Million

DENVER, Dec. 10 /PRNewswire-FirstCall/ -- Usurf America, Inc. (BULLETIN BOARD: USURE) , a leading regional provider of wired and wireless high-speed broadband communications services, announced today that revenues for the nine months ending September 30, 2004 were $5,098,714 compared to $236,448 for the prior year. Gross profit for the nine months ending September 30, 2004 was $2,626,745 compared to $105,378 for the prior year.

"We have begun implementing the first in a series of corporate restructuring and revenue generation initiatives designed to build real shareholder value," said Usurf Chairman Dave Weisman. "We are pleased with these initial results and are driven to profitably grow our business as rapidly as possible."

During the last three quarters Usurf has experienced dramatic growth, with revenues increasing from $166,230 to $2,293,513 then to $2,638,971, and gross profit has increased from $25,582 to $877,983 then to $1,720,179.

Vital components of this success include investing in profitable business segments, such as: increasing revenue in key MDU projects, eliminating investment in non-profitable projects, and negotiating new and lucrative contracts. The company also was successful in canceling 50 million warrants previously issued to investors as a component of on-going efforts to reduce share counts and increase shareholder value.

Key highlights for the quarter include:
* 96% increase in Gross Profit quarter over quarter
* Gross profit as a percentage of revenue has increased from 38% to 65%
* Reduced deferred consulting from $1.6M to $62K
* Cancelled 50 million warrants



"We are in the process of reshaping and rebuilding Usurf," continued Weisman. "We're settling and writing off bad debts, reducing liabilities, reorganizing our corporate organization, and investing in new, profitable lines of business."

About USURF America, Inc.

Based in Colorado Springs, Colo., Usurf America is implementing specific strategies designed to leverage the Company's IP-based software technology enabling fully ubiquitous voice, video and data product deployments in targeted geographic regions of the United States. For more information about Usurf America, please visit the Company's website at www.usurf.com.

SAFE HARBOR STATEMENT: Some information in this release is forward looking. These forward-looking statements may be affected by the risks and uncertainties in Usurf America's business. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Usurf America's Securities and Exchange Commission filings. Usurf America wishes to caution readers that certain important factors may have affected and could in the future affect its actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of Usurf America. There are many factors that will determine whether Usurf America will be successful in its endeavors, including, without limitation, access to adequate capital and consumer acceptance of its telecommunications service offerings. Usurf America undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

Contact: Jim Mills, J.F. Mills/Worldwide for Usurf America, Inc.
(303) 639-6186 jfmills@jfmillsworldwide.com or
Denise Hoover of Usurf America, Inc.
(719) 260-6455 investorrelations@usurf.com


Source: Usurf America, Inc.

CONTACT: Jim Mills of J.F. Mills/Worldwide, +1-303-639-6186,
jfmills@jfmillsworldwide.com, for Usurf America, Inc.; or Denise Hoover of
Usurf America, Inc., +1-719-260-6455, investorrelations@usurf.com

Web site: http://www.usurf.com/


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