SW, the MDTV news was released yesterday. Here is the full text of the news (BTW, I feel about MDTV exactly like I felt about CYTO at $1 before it went to $2: a great bargain. Of course, this is just my opinion...):
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Tuesday July 13, 2:08 pm Eastern Time
Company Press Release
MDU Communications Selects New Investor Relations
Advisors & Continues to Expand Its Markets
RICHMOND, British Columbia--(BUSINESS WIRE)--July 13, 1999--MDU Communications Inc. (NASDAQ - OTCBB: MDTV)(OTC Bulletin
Board:MDTV - news), market leader in digital satellite service to apartment buildings and other multiple dwelling units, announces the appointment
of CBI Investor Relations as their new investor relations advisors.
''The appointment of CBI Investor Relations is an aggressive step to enhance our exposure within the investment community and capitalize on new
investor opportunities,'' said MDU President Sheldon Nelson. ''We expect to move quickly to create new investor interest in MDU and to broaden
investment participation in MDU from building owners, managers and residential customers. People living in and owning multi-dwelling unit
properties, appreciate the opportunity of finally having a choice and appear interested in becoming more involved in the company,'' he added.
''Who better than building owners, managers and subscribers to get excited about a company offering superb digital satellite TV service, a new
High Speed Internet Service, and true customer choice at competitive prices?'' he asked. ''It is our goal to ensure every new subscriber, building
owner and investor benefits from our growth as we expand across Canada at an accelerating rate,'' said Nelson.
Recent sales and business highlights for MDU Communications include:
Deployed service into 150 buildings in the last six months with over 12,000 current subscribers. The company added approximately 1,250
new subscribers in June.
Achieving subscriber penetration levels in excess of 75 percent in some properties and 55 percent overall.
Opening branch offices in Calgary, Edmonton, Winnipeg, Halifax, Toronto, and Ottawa.
The company currently has in excess of 200 additional properties with signed letters of understanding committing to our service. This
represents an additional 28,000 suites that the company will be deploying service into over the coming months.
Providing digital satellite service and high speed Internet access to all residents at Woodcroft in North Vancouver (the largest multi-unit
development in Western Canada) commencing September 1999.
Successfully deployed a new and unique High Speed Internet Service at the Hilton Vancouver Airport in addition to the Star Choice digital
satellite television service.
''After the Hilton Internet installation, we received very strong interest from both the hospitality and multi-dwelling unit marketplace, and we'll be
moving aggressively to exploit these new opportunities,'' Nelson stated. ''In September 1999, we will begin to install and provide both a digital
satellite TV service and our new high-speed Internet service to the 1,222 residents at Woodcroft development in North Vancouver, B.C.''
MDU Communications establishes mutually beneficial relationships with building owners and managers to facilitate the delivery of new technology
to residents of multi-dwelling units including hotels/motels, apartments, condominiums, universities, gated residential communities and remote
work camps. It now has more than 12,000 satisfied satellite TV and new technology subscribers.
''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 filing with the Securities and Exchange Commission.
Contact:
MDU Communications Inc.
Sheldon Nelson, 604/277-8150
Toll-free 1-888-322-6633
604/277-8301 (FAX)
Website: mduc.com
or
CBI Investor Relations
Clodagh O'Rafferty, Toll-free: 1-800-343-9947
604/899-2782
604/899-1202 (FAX)
Email: office@microstocksearch.com |
