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NTS Reports Record 2012 EBITDAS Of $11.9 Million

About NTS

NTS is a provider of high speed broadband services, including internet access, digital cable TV programming and local and long distance telephone service to residential and business customers in northern Texas and southeastern Louisiana. NTS' Fiber-To-The-Premise (FTTP) network provides one of the fastest internet connections available. For the Company's website, please visit:

In addition to disclosing financial measures prepared in accordance with Accounting Principles Generally Accepted in the US (GAAP), this press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP EBITDAS (non-GAAP earnings before interest, taxes, depreciation, amortization and stock-based compensation, other expenses, acquisition costs and non-recurring loss). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

There are a number of limitations related to the use of non-GAAP EBITDAS. First, these non-GAAP financial measures exclude depreciation and amortization expenses that are recurring and significant non-recurring expenses. Depreciation and amortization have been, and will continue to be for the foreseeable future, a significant recurring expense with an impact upon our company notwithstanding the lack of immediate impact upon cash. Second, there is no assurance the components of the costs that we exclude in our calculation of non-GAAP operating loss do not differ from the components that our peer companies exclude when they report their results of operations. Third, there is no assurance we will avoid further non-recurring costs associated with other balance sheet items. Our management compensates for these limitations by providing specific reconciliation of GAAP amounts to these non-GAAP financial EBITDAS and evaluating these non-GAAP financial measures together with their most directly comparable financial measures calculated in accordance with GAAP. Readers should note the chart at the end of this release which sets forth how we calculate the non-GAAP EBITDAS.

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." NTS' financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

NTS, Inc. and Subsidiaries

Years Ended
December 31,
2012   2011
Services on Fiber-To-The-Premise network $   18,219,615 $   13,022,548
Leased local loop services and other     41,650,853     44,635,286
Total Revenues 59,870,468 57,657,834
Cost of services (excluding depreciation and amortization shown below) 27,489,743 28,025,723
Selling, general and administrative 20,802,001 21,040,426
Depreciation and amortization 6,274,488 5,350,973
Financing expenses, net 5,551,080 3,380,320
Other expenses 686,519 664,790
Acquisition costs     -     205,047
Total Expenses 60,803,831 58,667,279
Loss from continued operations before taxes (933,363 ) (1,009,445 )
Income tax benefit (expense)     386,370     (6,399 )
Net loss from continued operations (546,993 ) (1,015,844 )
Loss from discontinued operations in Israel and the United Kingdom, before taxes     -     (151,565 )
Net loss $   (546,993 ) $   (1,167,409 )
Basic and diluted loss per share:
Loss from continued operations $ (0.01 ) $ (0.04 )
Loss from discontinued operations     -     (0.01 )
Basic and diluted loss per share $   (0.01 ) $   (0.05 )
Basic and diluted weighted average number of shares outstanding:     41,186,596     24,363,212

Reconciliation of EBITDAS to Net income (loss) applicable tocommon stockholders as it is presented on the Condensed ConsolidatedStatements of Operations for NTS, Inc.
Years Ended
December 31,
2012   2011
Net income (loss) $   (546,993 ) $   (1,167,409 )
Depreciation and amortization 6,274,488 5,350,973
Compensation in connection with the issuance of warrants and options

Financing expenses, net 5,551,080 3,380,320
Other expenses 686,519 664,790
Acquisition costs - 205,047
Income tax expense (benefit) (386,370 ) 6,399
Loss from discontinued operations in Israel and the United Kingdom, before taxes     -     151,565
EBITDAS $   11,862,159 $   8,992,070

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