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Technology Stocks : C-Cube
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To: DiViT who wrote (37171)11/9/1998 2:38:00 PM
From: John Rieman   of 50808
 
Divi partner Comark merged and given new name..................

newsalert.com

COMARK and COMWAVE Merge Into a New THOMCAST Company; THOMCAST Announces the Formation of THOMCAST Communications, Inc.
Business Wire - November 09, 1998 12:30
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SOUTHWICK, Mass. and MOUNTAINTOP, Pa.--(BUSINESS WIRE)--Nov. 9, 1998--THOMCAST, the international broadcast equipment and systems manufacturer, today announced the formation of a new United States company, THOMCAST Communications, Inc. The new company, THOMCAST Communications, Inc. will be formed from the merger of COMARK Communications, Inc. and COMWAVE also known as Communications Microwave Corporation, Inc. Both COMARK and COMWAVE have been operating as separate companies owned by THOMCAST for several years.

THOMCAST Communications, Inc. will consist of two divisions, the COMARK division in Southwick, Massachusetts and the COMWAVE division in Mountaintop, Pennsylvania. Patrick Desproges, Chairman and CEO of THOMCAST stated: "The consolidation of our two companies was done to further strengthen our growing position in the U.S. market by creating a broad technology and manufacturing base that will support our current and future activities. The proven combined skills of both divisions, backed by the worldwide resources of the whole THOMCAST organization will make THOMCAST Communications, Inc. the leading supplier for the digital revolution in broadcasting."

The COMARK division of THOMCAST Communications Inc., an Emmy award winner, is a leading supplier of high power UHF and VHF television transmitters to the terrestrial broadcasting industry in both analog and digital technologies. COMARK provides broadcasters with complete digital solutions through its Comark Digital Services (CDS) unit. CDS offers a variety of services including consulting, project management, systems design and integration as well as key DTV products.

The COMWAVE division of THOMCAST Communications, Inc. is the worldwide MMDS market leader for analog, digital, and symmetrical 2-way voice/data applications, and the pioneer of multi-channel television transmission technology and systems. The COMWAVE division features products at the forefront of digital technology, including broadband boosters, high power digital transmitters and multi-carrier transmitters featuring an exclusive "hot-swap" power amplifier design. COMWAVE has extensive experience in solid state microwave power applications, and is known throughout the wireless industry for providing superior customer service and extensive systems engineering services.

Mr. Jerry Chase will head up THOMCAST Communications, Inc. as its President and CEO. Jerry Chase, a Harvard MBA graduate and former Marine Corps pilot, has been at the helm of COMARK since June of this year. Prior to joining THOMCAST, he was General Manager of Magnitude Compression Systems, Inc. a wholly owned subsidiary of General Instrument and major supplier of encoding equipment to the satellite broadcast and CATV markets. Said Jerry Chase, "The merger by itself creates a powerful technological and service organization that can provide cost efficient and unique solutions for equipment and services over a broad spectrum of digital and analog applications. The new company, combined with the worldwide resources of THOMCAST, allows us to continue to provide our customers the best technology, services and expertise."

About THOMCAST:

THOMCAST, a wholly owned subsidiary of THOMSON-CSF, is the leading worldwide supplier providing a wide and unique range of broadcast products and systems such as radio, television and wireless systems, broadcast antenna systems, and MPEG digital equipment and systems. Together with the formation of THOMCAST Communications, Inc., THOMCAST's world-wide presence includes operations in France, Germany and Switzerland.

CONTACT: COMWAVE (USA)
Doug Cook, 717-474-6751
dcook@intergrafix.net
or
COMARK (USA)
Mark Aitken, 413-569-0116
maitken@comarkcom.com
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