Nice PR today re: Sales 4-Q
Unit sales of Direct TV increase 494% from Q-4 98. Not too shabby. How will this correlate to earnings and does anyone know when NSATF reports?
Steve
1/18/00 - Norsat America Announces Fourth Quarter DIRECTTV(R) Unit Sales
BURNABY, BRITISH COLUMBIA--(Canadian Corp News, January 18, 2000)--Norsat International Inc. (TSE - NII; Nasdaq - NSATF), today announced Norsat America's
DIRECTV unit sales for the quarter ended December 31, 1999:* DIRECTV unit sales for the quart er increased to 39, 914 compared to 6,723 for the fourth quarter of 1998
* DIRECTV unit sales for the year increased to 98,940 compared to 29,845 for 1998"While our sales for the quarter show a very dramatic increase over the previous year,
a shortage of DIRECTV product meant we were unable to fulfill a substantial numb er of orders," said Norsat America's President, Edward A. Johnson. "We look forward to
sustained growth in the year 2000."
Norsat America Inc. operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV to the direct-to-home (DTH) satellite market and a DIRECTV
Master Systems Operator for the multiple dwelling unit market.The company also di stributes DirecPC.
Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications and cable television industries. Its Satellite &
Cable group is a leading supplier of satellite signal receivers and other g round station equipment. The Company's Norsat America Inc. subsidiary operates a network of 14
branch offices across the U.S. and is a distributor of DIRECTV(r) satellite service to the direct-to-home (DTH) market and a DIRECTV(r) Master System Operato
r (MSO) for the multiple dwelling unit (MDU) market. Norsat America also distributes DirecPC.This document may contain certain forward-looking information and statements
concerning the Company's operations, performance and financial condition, inclu ding, in particular, the likelihood of the Company's success in developing and expanding
its business. These statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, man y of
which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Toronto Stock Exchange SYMBOL: NII
NASDAQ SYMBOL: NSATF
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