MDTV NEWS !! If you do some DD on these guys you will realize that the price is a joke.
MDU Communications Signs Agency Agreement and
Creates New In-House Investor Relations and
Corporate Finance Team
Business Wire - October 22, 1999 09:49
RICHMOND, British Columbia--(BUSINESS WIRE)--Oct. 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 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.
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.
CONTACT: MDU Communications International, Inc., Richmond
Martin Wilder, 888/322-6633 or 800/794-9076
or 604/277-8150 or 604/277-8152
investor@mduc.com
Website: www.mduc.com |
