As filed with the Securities and Exchange Commission on April 3, 2007
                                                      Registration No. 333-_____
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM S-8
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933

                                  SPEEDUS CORP.
             (Exact name of registrant as specified in its charter)

         Delaware                                                13-3853788
(State or other jurisdiction                                  (I.R.S. Employer
of incorporation or organization)                              Identification
                                                                  Number)
                         9 Desbrosses Street, Suite 402
                               New York, NY 10013
                    (Address of principal executive offices)

--------------------------------------------------------------------------------
                     Speedus Corp. 1995 Stock Incentive Plan
                     Speedus Corp. 2005 Stock Incentive Plan
                            (Full title of the plans)
--------------------------------------------------------------------------------

                               Shant S. Hovnanian
                      President and Chief Executive Officer
                                  Speedus Corp.
                         9 Desbrosses Street, Suite 402
                               New York, NY 10013
                                 (888) 773-3669
 (Name, address and telephone number, including area code, of agent for service)
--------------------------------------------------------------------------------

                                    Copies to
                                    --------

                              Bruce R. Kraus, Esq.
                          Willkie Farr & Gallagher LLP
                               787 Seventh Avenue
                               New York, NY 10019
                                 (212) 728-8000

<TABLE>
<CAPTION>
                                              CALCULATION OF REGISTRATION FEE

========================= ======================= ======================== ====================== =====================
 <S>                          <C>                   <C>                     <C>                       <C>
Title of securities to        Amount to be          Proposed maximum        Proposed maximum          Amount of
     be registered          registered (3)(4)       offering price per      aggregate offering      registration fee
                                                         share (5)               price (5)
------------------------- ----------------------- ------------------------ ---------------------- ---------------------
Common Stock, $0.01 par         740,632 (1)
value per share               1,259,368 (2)                $1.25                $2,500,000               $76.75

========================= ======================= ======================== ====================== =====================
=======================================================================================================================
</TABLE>
================================================================================
   (1) This Registration Statement covers 740,632 shares of the common stock of
Speedus Corp., $0.01 par value per share (the "Common Stock"), issuable pursuant
to the Speedus Corp. 1995 Stock Incentive Plan (the "1995 Plan").

   (2) This Registration Statement also covers 1,259,368 shares of Common Stock,
issuable pursuant to the Speedus Corp. 2005 Stock Incentive Plan (the "2005
Plan").

   (3) This Registration Statement also covers 1,636,459 shares of Common Stock
(the "Outstanding Shares") which may become available to be offered and sold
under the 2005 Plan, which shares were originally authorized for issuance under
the 1995 Plan and which remain outstanding thereunder, because of expirations or
cancellations of outstanding options under the 1995 Plan. The Outstanding Shares
are currently subject to one or more Registration Statements on Form S-8 filed
with the Securities and Exchange Commission, with respect to which the Company
has paid a filing fee. Because the Company has already paid a filing fee with
respect to the offer and sale of the Outstanding Shares, the Company is not
paying a registration fee for the offer and sale of these securities pursuant to
the 2005 Plan.

   (4) In addition, this Registration Statement covers an indeterminable number
of additional shares of Common Stock as may hereafter be offered or issued
pursuant to the Plan, to prevent dilution resulting from stock splits, stock
dividends or similar transactions effected without receipt of consideration and
pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the
"Securities Act").

   (5) Estimated solely for calculating the amount of the registration fee. The
registration fee has been calculated pursuant to Rule 457(h) under the
Securities Act.
================================================================================


<PAGE>



                                     PART II

                           INFORMATION REQUIRED IN THE
                             REGISTRATION STATEMENT

Item 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

     The following documents, filed with the Securities and Exchange Commission
(the "Commission") by Speedus Corp., a Delaware corporation (the "Company"), are
incorporated by reference into the Registration Statement:

          (a) The Company's Annual Report on Form 10-K for the fiscal year ended
     December 31, 2006, filed pursuant to the Securities Exchange Act of 1934,
     as amended (the "Exchange Act"); and

          (b) The description of the Common Stock of the Company incorporated by
     reference into the Company's Registration Statement on Form 8-A, filed on
     January 19, 1996 pursuant to the Exchange Act, contained in the Company's
     Registration Statement on Form S-1, filed on October 18, 1995 pursuant to
     the Securities Act, as amended by Amendment No. 1, Amendment No. 2 and
     Amendment No. 3, filed on December 1, 1995, January 16, 1996 and February
     5, 1996 respectively, pursuant to the Securities Act.

     In addition, all documents filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent
to the date of this Registration Statement and prior to the filing of a
post-effective amendment which indicates that all the securities offered hereby
have been sold or which deregisters all securities then remaining unsold shall
be deemed to be incorporated by reference in this Registration Statement and to
be a part hereof from the date of the filing of such documents with the
Commission. Any statement contained in a document incorporated by reference
herein shall be deemed to be modified or superseded for purposes hereof to the
extent that a statement contained herein (or in any other subsequently filed
document which also is incorporated by reference herein) modifies or supersedes
such statement. Any statement so modified or superseded shall not be deemed to
constitute a part hereof except as so modified or superseded.


Item 4.  DESCRIPTION OF SECURITIES

         Inapplicable.

Item 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL

         Inapplicable.

Item 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

     The Company is a Delaware corporation. In its Certificate of Incorporation,
the Company has adopted the provisions of Section 102(b)(7) of the Delaware Law,
which enables a corporation in its original certificate of incorporation or an
amendment thereto to eliminate or limit the personal liability of a director for
monetary damages for breach of the director's fiduciary duty, except (i) for any
breach of the director's duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii)


<PAGE>

pursuant to Section 174 of the Delaware Law (providing for liability of
directors for unlawful payment of dividends or unlawful stock purchases or
redemptions) or (iv) for any transaction from which a director derived an
improper personal benefit.

     The Company has also adopted indemnification provisions pursuant to Section
145 of the Delaware Law, which provides that a corporation may indemnify any
persons, including officers and directors, who are, or are threatened to be
made, parties to any threatened, pending or completed legal action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than
an action by or in the right of the corporation), by reason of the fact that
such person was an officer, director, employee or agent of the corporation, or
is or was serving at the request of such corporation as a director, officer,
employee or agent of another corporation or enterprise. The indemnity may
include expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by such person in connection with
such action, suit or proceeding, provided such officer, director, employee or
agent acted in good faith and in a manner he reasonably believed to be in or not
opposed to the corporation's best interest and, with respect to criminal
proceedings, had no reasonable cause to believe that his conduct was unlawful. A
Delaware corporation may indemnify officers or directors in an action by or in
the right of the corporation under the same conditions, except that no
indemnification is permitted without judicial approval if the officer or
director is adjudged to be liable to the corporation. Where an officer or
director is successful on the merits or otherwise in the defense of any action
referred to above, the corporation must indemnify him against expenses
(including attorneys' fees) that such officer or director actually and
reasonably incurred.


Item 7.  EXEMPTION FROM REGISTRATION CLAIMED

         Inapplicable.

Item 8.  EXHIBITS

Exhibit No.
-----------

     5       Opinion of Willkie Farr & Gallagher LLP with respect to the
             legality of the securities to be issued pursuant to the Plans.

     23.1    Consent of PricewaterhouseCoopers LLP.

     23.2    Consent of Willkie Farr & Gallagher LLP (contained in Exhibit 5).

     24      Power of Attorney (reference is made to the signature page hereto).

Item 9.        UNDERTAKINGS

     1. The undersigned registrant hereby undertakes:

        (a) To file, during any period in which offers or sales are being made,
a post-effective amendment to the Registration Statement:

               (i) to include any prospectus required by Section 10(a)(3) of the
          Securities Act;


<PAGE>



               (ii) to reflect in the prospectus any facts or events arising
          after the effective date of the Registration Statement (or the most
          recent post-effective amendment thereof) which, individually or in the
          aggregate, represent a fundamental change in the information set forth
          in the Registration Statement;

               (iii) to include any material information with respect to the
          plan of distribution not previously disclosed in the Registration
          Statement or any material change to such information in the
          Registration Statement;

provided, however, that paragraphs (a)(i) and (a)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Company pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the Registration Statement.

         (b) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

        (c) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.

     2. The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Company's
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
that is incorporated by reference in the Registration Statement shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

     3. The undersigned registrant hereby undertakes to deliver or cause to be
delivered with the prospectus, to each person to whom the prospectus is sent or
given, the latest annual report to security holders that is incorporated by
reference in the prospectus and furnished pursuant to and meeting the
requirements of Rule 14a-3 or Rule 14c-3 under the Exchange Act; and, where
interim financial information required to be presented by Article 3 of
Regulation S-X is not set forth in the prospectus, to deliver, or cause to be
delivered to each person to whom the prospectus is sent or given, the latest
quarterly report that is specifically incorporated by reference in the
prospectus to provide such interim financial information.

     4. Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company has been
advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid
by a director, officer or controlling person of the Company in the successful
defense of any action, suit or proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the
Company will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.




<PAGE>




                                   SIGNATURES

     Pursuant to the requirements of the Securities Act, the Company certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of New York, New York, on the 27th day of March, 2007.

                                  Speedus Corp.


                                  By: /s/ Shant S. Hovnanian
                                      ------------------------------------------
                                      Shant S. Hovnanian
                                      President, Chief Executive Officer and
                                      Chairman of the Board of Directors

         Each of the undersigned officers and directors of Speedus Corp. hereby
severally constitutes and appoints Shant S. Hovnanian and Thomas M. Finn, and
each of them, as the attorneys-in-fact for the undersigned, in any and all
capacities, with full power of substitution, to sign any and all amendments
(including post-effective amendments, exhibits thereto and other documents in
connection therewith) to this Registration Statement, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact, and
each of them, full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact, and each of them, may lawfully do or
cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

<TABLE>
<CAPTION>


                     Signature                                        Title                                  Date
                     ---------                                        -----                                  ----

<S>                                                       <C>                                           <C>
/s/ Shant S. Hovnanian
--------------------------------------------------       Chairman of the Board,                         March 27, 2007
Shant S. Hovnanian                                       President and Chief Executive
                                                         Officer (principal executive
                                                         officer)


/s/ Thomas M. Finn
---------------------------------------------------      Treasurer and Chief Financial                  March 27, 2007
Thomas M. Finn                                           and Accounting Officer
                                                         (principal financial and
                                                         accounting officer)


/s/ Vahak S. Hovnanian                                   Director                                       March 30, 2007
---------------------------------------------------
Vahak S. Hovnanian



<PAGE>

/s/ William F. Leimkuhler                                Director                                       March 29, 2007
---------------------------------------------------
William F. Leimkuhler


/s/ Jeffrey Najarian                                     Director                                       March 27, 2007
---------------------------------------------------
Jeffrey Najarian


/s/ Christopher Vizas                                    Director                                       March 30, 2007
---------------------------------------------------
Vizas
Christopher Vizas

</table>
<PAGE>


                                INDEX TO EXHIBITS



Exhibit No.  Description of Exhibit
-----------  ----------------------

5            Opinion of Willkie Farr & Gallagher LLP.

23.1         Consent of PricewaterhouseCoopers LLP.

23.2         Consent of Willkie Farr & Gallagher LLP (contained in Exhibit 5).

24           Power of Attorney (reference is made to the signature page hereto).
[{"type": "S-8", "sequence": "1", "filename": "s040207b.txt", "secsgml_size_bytes": 19261}]
{"company-data": {"conformed-name": "SPEEDUS CORP", "cik": "0001002520", "assigned-sic": "4841", "irs-number": "133853788", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-141852", "film-number": "07744268"}, "business-address": {"street1": "9 DESBROSSES STREET", "street2": "SUITE 402", "city": "NEW YORK", "state": "NY", "zip": "10013", "phone": "8887733669"}, "mail-address": {"street1": "9 DESBROSSES STREET", "street2": "SUITE 402", "city": "NEW YORK", "state": "NY", "zip": "10013"}, "former-company": [{"former-conformed-name": "SPEEDUS COM INC", "date-changed": "19990331"}, {"former-conformed-name": "CELLULARVISION USA INC", "date-changed": "19951020"}]}
As filed with the Securities and Exchange Commission on April 3, 2007
                                                      Registration No. 333-_____
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM S-8
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933

                                  SPEEDUS CORP.
             (Exact name of registrant as specified in its charter)

         Delaware                                                13-3853788
(State or other jurisdiction                                  (I.R.S. Employer
of incorporation or organization)                              Identification
                                                                  Number)
                         9 Desbrosses Street, Suite 402
                               New York, NY 10013
                    (Address of principal executive offices)

--------------------------------------------------------------------------------
                     Speedus Corp. 1995 Stock Incentive Plan
                     Speedus Corp. 2005 Stock Incentive Plan
                            (Full title of the plans)
--------------------------------------------------------------------------------

                               Shant S. Hovnanian
                      President and Chief Executive Officer
                                  Speedus Corp.
                         9 Desbrosses Street, Suite 402
                               New York, NY 10013
                                 (888) 773-3669
 (Name, address and telephone number, including area code, of agent for service)
--------------------------------------------------------------------------------

                                    Copies to
                                    --------

                              Bruce R. Kraus, Esq.
                          Willkie Farr & Gallagher LLP
                               787 Seventh Avenue
                               New York, NY 10019
                                 (212) 728-8000
CALCULATION OF REGISTRATION FEE

========================= ======================= ======================== ====================== =====================
Title of securities to        Amount to be          Proposed maximum        Proposed maximum          Amount of
     be registered          registered (3)(4)       offering price per      aggregate offering      registration fee
                                                         share (5)               price (5)
------------------------- ----------------------- ------------------------ ---------------------- ---------------------
Common Stock, $0.01 par         740,632 (1)
value per share               1,259,368 (2)                $1.25                $2,500,000               $76.75

========================= ======================= ======================== ====================== =====================
=======================================================================================================================
================================================================================
   (1) This Registration Statement covers 740,632 shares of the common stock of
Speedus Corp., $0.01 par value per share (the "Common Stock"), issuable pursuant
to the Speedus Corp. 1995 Stock Incentive Plan (the "1995 Plan").

   (2) This Registration Statement also covers 1,259,368 shares of Common Stock,
issuable pursuant to the Speedus Corp. 2005 Stock Incentive Plan (the "2005
Plan").

   (3) This Registration Statement also covers 1,636,459 shares of Common Stock
(the "Outstanding Shares") which may become available to be offered and sold
under the 2005 Plan, which shares were originally authorized for issuance under
the 1995 Plan and which remain outstanding thereunder, because of expirations or
cancellations of outstanding options under the 1995 Plan. The Outstanding Shares
are currently subject to one or more Registration Statements on Form S-8 filed
with the Securities and Exchange Commission, with respect to which the Company
has paid a filing fee. Because the Company has already paid a filing fee with
respect to the offer and sale of the Outstanding Shares, the Company is not
paying a registration fee for the offer and sale of these securities pursuant to
the 2005 Plan.

   (4) In addition, this Registration Statement covers an indeterminable number
of additional shares of Common Stock as may hereafter be offered or issued
pursuant to the Plan, to prevent dilution resulting from stock splits, stock
dividends or similar transactions effected without receipt of consideration and
pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the
"Securities Act").

   (5) Estimated solely for calculating the amount of the registration fee. The
registration fee has been calculated pursuant to Rule 457(h) under the
Securities Act.
================================================================================
PART II

                           INFORMATION REQUIRED IN THE
                             REGISTRATION STATEMENT

Item 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

     The following documents, filed with the Securities and Exchange Commission
(the "Commission") by Speedus Corp., a Delaware corporation (the "Company"), are
incorporated by reference into the Registration Statement:

          (a) The Company's Annual Report on Form 10-K for the fiscal year ended
     December 31, 2006, filed pursuant to the Securities Exchange Act of 1934,
     as amended (the "Exchange Act"); and

          (b) The description of the Common Stock of the Company incorporated by
     reference into the Company's Registration Statement on Form 8-A, filed on
     January 19, 1996 pursuant to the Exchange Act, contained in the Company's
     Registration Statement on Form S-1, filed on October 18, 1995 pursuant to
     the Securities Act, as amended by Amendment No. 1, Amendment No. 2 and
     Amendment No. 3, filed on December 1, 1995, January 16, 1996 and February
     5, 1996 respectively, pursuant to the Securities Act.

     In addition, all documents filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent
to the date of this Registration Statement and prior to the filing of a
post-effective amendment which indicates that all the securities offered hereby
have been sold or which deregisters all securities then remaining unsold shall
be deemed to be incorporated by reference in this Registration Statement and to
be a part hereof from the date of the filing of such documents with the
Commission. Any statement contained in a document incorporated by reference
herein shall be deemed to be modified or superseded for purposes hereof to the
extent that a statement contained herein (or in any other subsequently filed
document which also is incorporated by reference herein) modifies or supersedes
such statement. Any statement so modified or superseded shall not be deemed to
constitute a part hereof except as so modified or superseded.

Item 4.  DESCRIPTION OF SECURITIES

         Inapplicable.

Item 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL

         Inapplicable.

Item 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

     The Company is a Delaware corporation. In its Certificate of Incorporation,
the Company has adopted the provisions of Section 102(b)(7) of the Delaware Law,
which enables a corporation in its original certificate of incorporation or an
amendment thereto to eliminate or limit the personal liability of a director for
monetary damages for breach of the director's fiduciary duty, except (i) for any
breach of the director's duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii)
pursuant to Section 174 of the Delaware Law (providing for liability of
directors for unlawful payment of dividends or unlawful stock purchases or
redemptions) or (iv) for any transaction from which a director derived an
improper personal benefit.

     The Company has also adopted indemnification provisions pursuant to Section
145 of the Delaware Law, which provides that a corporation may indemnify any
persons, including officers and directors, who are, or are threatened to be
made, parties to any threatened, pending or completed legal action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than
an action by or in the right of the corporation), by reason of the fact that
such person was an officer, director, employee or agent of the corporation, or
is or was serving at the request of such corporation as a director, officer,
employee or agent of another corporation or enterprise. The indemnity may
include expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by such person in connection with
such action, suit or proceeding, provided such officer, director, employee or
agent acted in good faith and in a manner he reasonably believed to be in or not
opposed to the corporation's best interest and, with respect to criminal
proceedings, had no reasonable cause to believe that his conduct was unlawful. A
Delaware corporation may indemnify officers or directors in an action by or in
the right of the corporation under the same conditions, except that no
indemnification is permitted without judicial approval if the officer or
director is adjudged to be liable to the corporation. Where an officer or
director is successful on the merits or otherwise in the defense of any action
referred to above, the corporation must indemnify him against expenses
(including attorneys' fees) that such officer or director actually and
reasonably incurred.

Item 7.  EXEMPTION FROM REGISTRATION CLAIMED

         Inapplicable.

Item 8.  EXHIBITS

Exhibit No.
-----------

     5       Opinion of Willkie Farr & Gallagher LLP with respect to the
             legality of the securities to be issued pursuant to the Plans.

     23.1    Consent of PricewaterhouseCoopers LLP.

     23.2    Consent of Willkie Farr & Gallagher LLP (contained in Exhibit 5).

     24      Power of Attorney (reference is made to the signature page hereto).

Item 9.        UNDERTAKINGS

     1. The undersigned registrant hereby undertakes:

        (a) To file, during any period in which offers or sales are being made,
a post-effective amendment to the Registration Statement:

               (i) to include any prospectus required by Section 10(a)(3) of the
          Securities Act;
(ii) to reflect in the prospectus any facts or events arising
          after the effective date of the Registration Statement (or the most
          recent post-effective amendment thereof) which, individually or in the
          aggregate, represent a fundamental change in the information set forth
          in the Registration Statement;

               (iii) to include any material information with respect to the
          plan of distribution not previously disclosed in the Registration
          Statement or any material change to such information in the
          Registration Statement;

provided, however, that paragraphs (a)(i) and (a)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Company pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the Registration Statement.

         (b) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

        (c) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.

     2. The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Company's
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
that is incorporated by reference in the Registration Statement shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

     3. The undersigned registrant hereby undertakes to deliver or cause to be
delivered with the prospectus, to each person to whom the prospectus is sent or
given, the latest annual report to security holders that is incorporated by
reference in the prospectus and furnished pursuant to and meeting the
requirements of Rule 14a-3 or Rule 14c-3 under the Exchange Act; and, where
interim financial information required to be presented by Article 3 of
Regulation S-X is not set forth in the prospectus, to deliver, or cause to be
delivered to each person to whom the prospectus is sent or given, the latest
quarterly report that is specifically incorporated by reference in the
prospectus to provide such interim financial information.

     4. Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company has been
advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid
by a director, officer or controlling person of the Company in the successful
defense of any action, suit or proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the
Company will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.
SIGNATURES

     Pursuant to the requirements of the Securities Act, the Company certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of New York, New York, on the 27th day of March, 2007.

                                  Speedus Corp.

                                  By: /s/ Shant S. Hovnanian
                                      ------------------------------------------
                                      Shant S. Hovnanian
                                      President, Chief Executive Officer and
                                      Chairman of the Board of Directors

         Each of the undersigned officers and directors of Speedus Corp. hereby
severally constitutes and appoints Shant S. Hovnanian and Thomas M. Finn, and
each of them, as the attorneys-in-fact for the undersigned, in any and all
capacities, with full power of substitution, to sign any and all amendments
(including post-effective amendments, exhibits thereto and other documents in
connection therewith) to this Registration Statement, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact, and
each of them, full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact, and each of them, may lawfully do or
cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature                                        Title                                  Date
                     ---------                                        -----                                  ----
/s/ Shant S. Hovnanian
--------------------------------------------------       Chairman of the Board,                         March 27, 2007
Shant S. Hovnanian                                       President and Chief Executive
                                                         Officer (principal executive
                                                         officer)

/s/ Thomas M. Finn
---------------------------------------------------      Treasurer and Chief Financial                  March 27, 2007
Thomas M. Finn                                           and Accounting Officer
                                                         (principal financial and
                                                         accounting officer)

/s/ Vahak S. Hovnanian                                   Director                                       March 30, 2007
---------------------------------------------------
Vahak S. Hovnanian
/s/ William F. Leimkuhler                                Director                                       March 29, 2007
---------------------------------------------------
William F. Leimkuhler

/s/ Jeffrey Najarian                                     Director                                       March 27, 2007
---------------------------------------------------
Jeffrey Najarian

/s/ Christopher Vizas                                    Director                                       March 30, 2007
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Vizas
Christopher Vizas
INDEX TO EXHIBITS

Exhibit No.  Description of Exhibit
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5            Opinion of Willkie Farr & Gallagher LLP.

23.1         Consent of PricewaterhouseCoopers LLP.

23.2         Consent of Willkie Farr & Gallagher LLP (contained in Exhibit 5).

24           Power of Attorney (reference is made to the signature page hereto).