/C O R R E C T I O N -- Speedus Corp. /

/C O R R E C T I O N -- Speedus Corp. /

In the news release, Trial Date Set for One Speedus Patent Suit Against Verizon Wireless, issued earlier toad by Speedus Corp. over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "trial date of January 22, 2007" rather than "January 7, 2007 " as originally issued inadvertently. Complete, corrected release follows:

Trial Date Set for One Speedus Patent Suit Against Verizon Wireless

NEW YORK, June 8 /PRNewswire-FirstCall/ -- Speedus Corp. (NASDAQ:SPDE) today announced that a trial date of January 22, 2007 has been set for the lawsuit that Speedus' unit CellularVision Technology & Telecommunications, L.P. (CT&T) filed on May 11 against Cellco Partnership (d/b/a Verizon Wireless). This suit, Case No. 06-60665-Civ-Huck/Simonton, is in connection with U.S. Patent No. 4,747,160. Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD).

Two separate complaints were filed in United States District Court in the Southern District of Florida, in which Speedus asserts Verizon Wireless is infringing two Speedus patents. U.S. Patent No. 5,949,793, "Transmission of Digital and Analog Signals in the Same Band", covers cellular transmissions using simultaneous analog and digital technology in the same bandwidth, which Verizon is infringing in its operation of Cellular phone systems nationwide. U.S. Patent No. 4,747,160, "Low Power Multi-Function Cellular Television System", covers the use of cellular systems to deliver television signals, which is also infringed by Verizon.

Separate suits in connection with these two patents have also been filed against Alltel Corp.

About Speedus Corp.

Additional information on Speedus Corp. may be obtained at http://www.speedus.com/ or by contacting Peter Hodge at 888-773-3669 (ext. 23) or phodge@speedus.com.

Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, the continuing development of the Company's sales, marketing and support efforts.

Source: Speedus Corp.

CONTACT: Peter Hodge of Speedus Corp., 1-888-773-3669 ext. 23,
phodge@speedus.com

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