NEWS: "METRONET COMMUNICATIONS COMMENTS ON SHARE TRADING ACTIVITY"
Reuters Story - March 11, 1998 11:25
(Full text of press release from Canada NewsWire)
METRONET COMMUNICATIONS COMMENTS ON SHARE TRADING ACTIVITY
CALGARY, March 11 /CNW/ - At the request of the Toronto Stock Exchange, the
Montreal Stock Exchange, and the NASDAQ National Market, MetroNet
Communications states that it is unaware of any pending announcements or
corporate developments since its last press release of February 25, 1998 that
would cause the recent level of trading activity in the Company's stock.
MetroNet Communications is Canada's first national provider of local
telecommunications services and the country's largest competitive local
exchange service (CLEC) provider. Deploying the most advanced fibre-optic
networking and switching platforms, MetroNet offers business and government
customers across the country a full suite of voice and data services - with a
single point of contact, competitive pricing, and excellent customer service.
MetroNet has operations established in Vancouver, Calgary, Edmonton, Winnipeg,
Toronto, Ottawa-Hull and Montreal and has plans to establish operations in four
additional cities during 1998.
The publicly held shares of MetroNet trade on the Toronto and Montreal
stock exchanges (Canadian) under the symbol MNC.B, and on the NASDAQ national
market (U.S.) under the symbol METNF.
Note for U.S. Investors: This press release may contain statements about
expected future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. For those statements, we claim
the protection of the safe harbor for forward-looking statements provisions
contained in the Private Securities Litigation Reform Act of 1995. Discussion
of factors that may affect future results is contained in our recent filings
with the Securities and Exchange Commission.
/For further information: Bruce M. Mann, Vice President, Investor
Relations, MetroNet Communications, (403) 213-0890, brucemann(at)metronet.ca/ |
