damn on mrto
ttv trades on amex
also on Toronto
no trades showing there yet
but bid higher than 52 week high
old.. news.. from Tuesday
Tuesday September 21, 7:46 am Eastern Time
Company Press Release
CableTel Communications' (TTV) Stirling Subsidiary
To Supply Connectors To Charter Communications
MARKHAM, ONTARIO--
Additional Business Valued at up to US$5 Million Annually Should Double Stirling's Revenues
Cabletel Communications (AMEX:TTV,TSE: TTV) today announced that the Company's manufacturing division, Stirling
Connectors, has been approved to be a supplier to Charter Communications Inc., the fourth largest cable operator in the U.S.
The additional business to Cabletel could be valued at up to US$5 million per year and should double Stirling's revenues in
2000.
After a lengthy and extensive test process, Charter Communications, which provides cable services to approximately 6.2
million U.S. customers, has given the green light to its buyers to purchase equipment produced by Stirling Connectors. ''The
formal approval of our Stirling products is a significant decision. In addition to creating a tremendous revenue opportunity,
receiving the endorsement of Charter adds credibility to the stature of Stirling Connectors'' said Greg Walling, President of
Cabletel.
Cabletel submitted products for testing to Charter after working with NRG Controls, Cabletel's master distributor in the U.S.
Jim Oglesby, President of NRG Control Co. said, ''the formal approval by Charter will allow us to aggressively market Stirling
products to all of Charter's various systems throughout the U.S.''
Charter Communications Inc. is owned by Paul G. Allen, co-founder of Microsoft. The St. Louis-based operation was ranked
as the eighth fastest growing company in the U.S. by Inc. magazine in 1998. More information about Charter can be found at
www.chartercom.com.
Cabletel Communications is the largest full-service distributor of broadband equipment to the Canadian television and
telecommunications industries, offering a wide variety of products required to construct, build, maintain and upgrade
broadcasting and telecommunications systems. In addition, the Company's engineering department offers technical advice and
support to customers. Cabletel's manufacturing division supplies international clients with products for deployment in cable
distribution systems. More information about Cabletel and Stirling can be found at www.cabletelgroup.com
Except for the historical information in this document, it includes forward-looking statements that involve risks and uncertainties
including, but not limited to, quarterly fluctuations in results, the management of growth, and other risks detailed from time to
time in the Company's Securities and Exchange Commission filings Actual results may differ materially from management
expectations.
Contact:
Cabletel Communications
Greg Walling
CEO
905-475-1030
or
Cabletel Communications
Ron Eilath
CFO
905-475-1030
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