MDTV NEWS TODAY !!
U.S. Legislation May Position MDU For Significant Growth
Opportunity; New Channel Additions
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RICHMOND, B.C.--(BUSINESS WIRE)--Nov. 16, 1999--The proposed passage of the revised Satellite Home Viewer Act (SHVA), gives MDU Communications (OTCBB:MDTV) an opportunity
to take a look at the U.S. market for deployment of MDTV's services. Currently, approximately 25% of residents in North America live in multi-dwelling units.
By authorizing the delivery of local TV affiliates to DTH satellite subscribers, this legislation will free the DTH service providers to compete on a level playing field with the cable monopolies. In
anticipation of a growing demand for DTH services in U.S. urban centers as well as rural areas, MDU Communications has recently returned from a trip to New York, where senior management
met with potential investors, analysts and potential strategic partners. The tremendous growth opportunity this market represents and the effects of this type of legislation will assist in opening
the door for U.S. multi-unit dwellings to enjoy a similar superior service that MDU Communications now offers to the Canadian multi-dwelling unit market place.
In addition, the delivery of over 50 new channels to MDU's current subscriber base in Canada through StarChoice Communications Inc., positions MDTV as the leader in facilitating the delivery of digital satellite television and other new technologies to the Multi-dwelling unit marketplace.
Building on an already powerful programming line-up, Star Choice Communications Inc., will be adding approximately 50 new channels for it's Canadian subscribers. As a result, MDU's Canadian viewers will have tremendous opportunity for time shifting and have more viewing
options in English, French and of US specialty networks. "This new channel line up gives MDTV a tremendous advantage over cable. We now offer residents of multiple dwelling properties a service that cable simply cannot match," explains Gary Monaghan, VP Marketing of MDU
Communications. "We can look forward to potentially offering similar services to U.S. multi dwelling unit property owners next year. MDTV is currently in discussion with some of it's Canadian clients that have properties in the U.S., regarding the offering of MDTV's services."
About MDU: 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, and Hotels. This market place represents approximately 30 million homes in the US and Canada.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov. For additional information please see www.mduc.com or contact Investor Relations.
"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. |
