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Technology Stocks : Millennium Comm. Inc (MLU:ASE)

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To: sPD who wrote (34)9/17/1997 12:22:00 AM
From: sPD   of 150
 
Information on News Canada

I tried to find some information on this company and found the following news release on MDC Communications's web site at mdccorp.com

MDC acquired News Canada last March and the release provides some useful information. The association with MDC may become increasingly fruitful with time.

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MDC COMMUNICATIONS CORPORATION ANNOUNCES PURCHASE OF NEWS CANADA

TORONTO (Ontario), March 26, 1997 -- MDC Communications Corporation of Toronto today announced it has purchased News Canada, a unique multi-media news distribution service also based in Toronto. No terms of the purchase were disclosed.

News Canada is Canada's foremost non-time-sensitive news distribution agency. The company's newspaper columns, in both official languages, reach three out of every five Canadians and appear in an average of 217 different newspapers coast-to-coast .

News Canada will become a member of the Communications and Marketing Services Division within MDC.

"News Canada offers its clients unprecedented media reach across Canada," said Michel Frappier, Communications and Marketing Services Division President. The company offers clients access to 1,250 daily and weekly newspapers, 350 ethnic newspapers, 1,300 magazines, 400 radio stations and 500 TV and cable stations through pre-written and pre-recorded news and feature articles that are print and broadcast ready."

Mr. Frappier said the acquisition of News Canada expands the range of MDC's marketing communications services. It offers other
MDC companies promotional exposure as well as providing MDC's marketing companies with a valuable database of 25,000
communications and marketing contacts.

"News Canada offers a tremendous resource for new business contacts to our family of marketing and communications
companies," said Mr. Frappier.

News Canada was started 16 years ago and last year generated more than 20,000 clippings for its clients. With offices in Toronto
and Ottawa, News Canada's clients include the top 200 corporations in Canada as well as government and business associations.

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