MDTV NEWS!!!!!...FINALLY
MDU COMMUNICATIONS Company News Release
MDU COMMUNICATIONS INTERNATIONAL INC.
NEWS RELEASE
October 22, 1999
FOR IMMEDIATE RELEASE
OTC:BB:MDTV
CUSIP: 582 828 109
mduc.com
MDU COMMUNICATIONS SIGNS AGENCY AGREEMENT AND CREATES NEW IN-HOUSE
INVESTOR RELATIONS AND CORPORATE FINANCE TEAM.
Richmond, British Columbia ? October 22, 1999- Mr. Sheldon Nelson of MDU Communications
International Inc. (OTC/BB: MDTV) is pleased to announce the signing of an agency and
sponsorship agreement with Canaccord Capital of Vancouver, BC. This will provide a basis for the
Agent and its investors to undertake a Private Placement expected to close before year end and a
subsequent Public Offering slated for the first quarter of 2000.
The agent has agreed to seek on a best efforts basis investors for a Private Placement of the
company?s securities in the approximate amount of $1 million. The Agent has also agreed to act as
the sponsor for listing the company?s securities on the Vancouver Stock Exchange and, subject to
regulatory approval, to act as an Agent for a best efforts offering in the approximate amount of $2.5
million.
The company wishes to further announce it has built a strong in-house Corporate Finance and
Investor Relations team. Appointed to this team are Mr. Robert A. Biagioni, C.A., Mr. Martin Wilder
and Ms. Kareen McKinnon.
These significant changes in the Company?s finance structure will help set the Company on solid
footing to achieve its ambitious development goals.
MDU Communications International Inc. is a full service telecommunications company and is a
National System Operator for Star Choice Television. Through mutually beneficial relationships with
our clients, MDU facilitates the delivery of new technology to residents of multi-dwelling units
including; Apartment buildings, Condominiums, Universities, Gated communities, Hotels/Motels and
Work camps.
For further information, please contact Martin Wilder at 1-800-794-9076 or investor@mduc.com
MDU Communications International Inc. Investor Relations:
Martin Wilder
or (800) 794-9076
Website: www.mduc.com email: investor@mduc.com
Filings made by MDU Communications International, Inc. with the Securities and Exchange
Commission (SEC) are available through the EDGAR database at www.sec.gov.
?Safe Harbor? statement under the Private Securities Litigation Reform Act of 1995: This release
contains forward looking statements that are subject to risks and uncertainties, including, but not
limited to, the impact of competitive products and pricing, product demand and market acceptance,
new product development, reliance on key strategic alliances, availability of raw materials, the
regulatory environment, fluctuations in operating results and other risks detailed from time to time in
the Company?s filings with the Securities and Exchange Commission. |
