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Non-Tech : NP Energy (NPEC)

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To: Kenneth R. Moss who wrote ()	1/6/1997 8:30:00 AM
From: Jerry Keba	of 51

NP ENERGY CORPORATION EXPANDS TELECOMMUNICATIONS COMPANY NP Energy Corporation, through its wholly owned subsidiary MetroPlus Communications Ltd., is pleased to announce the acquisition of Local Connections Ltd.. Local Connections is a flat rate telephone service provider in the Lower Mainland area of British Columbia, Canada. This acquisition adds 780 customers to Metroplus and approximately $7,072.00 per month in revenues. With the addition of this acquisition and new customer registrations to the extended calling area announced in August of 1996, the company is approaching the 4000 customer mark. This makes MetroPlus the largest flat rate service provider in the Lower Mainland of British Columbia. The purchace agreement with Local Connections Ltd. was finalized on December 23, 1996 and became effective January 1, 1997, at a cost of $57,500.00 (CDN). MetroPlus is negotiating the acquisition of another flat rate service provider that has a customer base of 1500. MetroPlus is presently the only flat rate provider able to service multiple calling zones as regulated by the Federal Government under the CRTC and administered by the British Columbia Telephone Company. For Furthur info....

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