Trading at 2.31/2.50...look up earnings:
Cable Link, Inc. -- PC & Parts, Inc. dba Auro
Computer Systems -- Announces Agreement With
Gateway
COLUMBUS, Ohio--(BUSINESS WIRE)--Feb. 19, 1999--Cable Link, Inc.'s (OTC BB:CBLK - news) wholly owned
subsidiary, PC & Parts dba Auro Computer Systems (''Auro'') today announced that it has entered into a reseller agreement
with Gateway 2000 Major Accounts, Inc. (GTW) to be an authorized Gateway reseller.
Bob Binsky, Chairman of the Board, stated that this arrangement allows Auro the right to market, sell, lease and install
Gateway products. This reseller relationship further provides Auro the opportunity to compete with Gateway's direct marketing
which in previous years has been a challenge. This reseller agreement helps Auro lead the way to becoming an early adaptor of
assisting Gateway into the VAR (value added reseller) channel. Auro has, since its inception, pursued a relationship of servicing
business clients with value added services.
In addition, Auro will be selling computers, computer upgrades and servers on its own website, and will continue to service
tier-one computer brands such as Compaq (CPQ), IBM (IBM), Toshiba (TOSBF), Hewlett Packard (HWP), and its own
''Auro'' brand to businesses and consumers.
Cable Link, Inc. is one of the largest suppliers of refurbished equipment to the C.A.T.V. industry nationwide, and is a key
provider of computer hardware and services in the state of Ohio. On January 21, 1999, Cable Link announced the
development of its website for the wholesale and retail purchase of C.A.T.V. equipment (new and used) as well as consumer
electronics for television applications, which will now include the availability of Gateway products. The product line will also
include a large number of consumable products readily available from its website. It is expected that internet commerce will be
operational by the end of Cable Link's first quarter, March 31, 1999.
Cable Link's customers include Time Warner (TWX), Tele-Communications, Inc. (TCOMA), Jones Intercable (JOIN) and
Media One (UMG). Auro's customers include Bank One (ONE), Huntington Banks (HBAN), MCI/WorldCom (WCOM),
and Ohio State University. The new internet commerce will enable current customers to streamline their purchasing while
ensuring the most current pricing available.
Cable Link has had three consecutive years of profitable earnings ending December 31, 1998 and had consolidated sales in
excess of $20 million for the year ending December 31, 1998 compared to $10.1 million for the year ending December 31,
1997.
It is expected that these new opportunities will result in additional strategic alliances for Cable Link and its subsidiary such as its
designation as an authorized new and used product distributor of C.A.T.V. equipment for Scientific Atlanta (SFA) and Jerrold
Communications (GIC).
This press release may include statements, which constitute forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risk and uncertainties that
could cause actual results to differ materially from the forward-looking statements. Factors which would cause or contribute to
such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission Filings.
Contact:
Cable Link, Inc., Columbus
Marla Goins Hakes, 614/221-3131 or 800-399-1371 |
