Here is why I like MDTV..Jan 18 could be very nice!!
MDTV ANNOUNCES JOINT VENTURE WITH ANTECH (HONG KONG) TO PROVIDE DIGITAL SATELLITE TV, HIGH SPEED INTERNET, TELEPHONY AND SECURITY PRODUCTS TO THE ASIA PACIFIC MARKET
Chai Wan, Hong Kong and Richmond, British Columbia, Canada - Dec. 1, 1999 - Antech (Hong Kong) Ltd. ("ANTECH"), a wholly owned subsidiary of Kingly Enterprises Inc., and MDU Communications International, Inc. ("MDTV") have recently signed a Memorandum of Understanding to exploit various technologies in the Asia Pacific marketplace. The purpose of the understanding is to structure a strategic relationship between MDTV and ANTECH to provide high speed Internet, telephony and security products in the Hong Kong SAR, Macau, Taiwan and the People's Republic of China. MDTV will also assist ANTECH in exploiting SMATV, Digital Satellite TV and Pay Per View TV in the Asia Pacific region.
The parties will enter into a joint venture agreement (the "Joint Venture") early in January 2000, with an expected signing ceremony and media launch in Hong Kong slated for January 18, 2000. The Joint Venture will incorporate a Hong Kong corporation for the purposes of operating the Joint Venture. ANTECH will have a 75% interest in the JV corporation and be responsible for all funding requirements of the Joint Venture, sourcing equipment supply in Asia and adapting MDTV's knowledge and expertise to the cultural and market differences between Asia and North America. MDTV will have a 25% interest in the JV corporation and be responsible for the new technologies, management and marketing expertise, North American supplier relationships and beta site management.
Mr. Derek Cheng, Chairman and Chief Executive Officer of ANT |
