News is out!
Friday April 23, 10:01 am Eastern Time
Company Press Release
MDU Communications Inc. Doubles
Number of Buildings Requesting MDU
Digital Services
RICHMOND, British Columbia--(BUSINESS WIRE)--April 23,
1999--MDU Communications Inc. (OTC BB:MDTV - news) is
pleased to announce that the company continues to have great success in the marketing of the MDU Digital
Satellite System.
The company currently has approximately 25 buildings receiving the MDU Digital Satellite Service and has,
since Feb. 18, 1999, more than doubled the number buildings signed to Letters of Intent and Access
Agreements. This number now stands at over 200 sites totaling over 20,000 multi dwelling units. These
property management firms and building owners are committed to the installation of the MDU Digital Satellite
and High-Speed Internet service. The new sites now being installed, will add to the existing 10,000 subscribers
already subscribing to MDU services.
MDU Communications has entered into agreements with a number of the largest real estate firms in the multi
unit residential marketplace including Oxford Property Management, O & Y Property Management, Baywest
Property Management and Crosby Property Management.
In an effort to keep up with the increased demand for service MDU Communications is accelerating the rate of
system installations. Over the next 6 weeks, 6,000 multi unit suites are scheduled for installation in cities across
Canada, including Vancouver, North Vancouver, Burnaby, Delta, New Westminster, Langley, Surrey,
Edmonton, Winnipeg, Ottawa, Toronto, and Halifax.
To better serve the 2.2 million multi dwelling units across Canada, MDU Communications has opened offices
across the country and now has offices in Vancouver, Calgary, Winnipeg, Saskatoon, Halifax and soon will
open two offices in Toronto (North York and Mississauga) and an office in Ottawa to serve the Ottawa and
Quebec markets.
MDU Communications Inc. is the premier supplier of digital satellite television to the MDU market and
competes with cable television across Canada. With digital pictures, better selection, more bandwidth and
enhanced CD quality sound, MDU offers more choice and exceptional quality.
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, Hotels/Motels, and Work camps. MDU Communications Inc. is a nationally authorized Star
Choice System Operator.
''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.
Contact:
Vistawest Capital Group
Paul Andreola, 604/602-0078 or 800/794-9076
investor@mduc.com
or
MDU Communications Inc.
604/277-8150 or 888/322-6633
Fax: 604/277-8301
mduc.com
RG-Investments.com is an independent electronic publication providing both
information and factual analysis on selected companies. Companies featured by
RG-Investments.com publication pay consideration to RG-Investments.com for
the electronic dissemination of company information and, in some cases, for
consulting.
The opinions and analysis included herein are based on sources believed to be
reliable and in good faith but no representation or warranty, expressed or
implied, is made as to their accuracy, completeness or correctness. This
information is not intended to be used as the sole basis of any investment
decisions, nor should it be construed as advice designed to meet the investment
needs of any particular investor. The foregoing discussion contains forward
looking statements which are based on current expectations and differences can
be expected. The information contained herein has been provided by the
Company to RG-Investments.com for information purposes only. Readers
are urged to consult with independent financial advisors with respect to an
investment in the shares mentioned herein. Investors should review a complete
information package on the Company, which should include, but not be limited
to, the Company's annual report, quarterly report, press releases, as well as all
regulatory filings. All information contained in this report should be
independently verified with the Company mentioned herein. Any opinions
expressed in this report are statements of judgment as of the date of publication
and are subject to change without further notice, and may not necessarily be
reprinted in future publications or elsewhere.
RG-Investments.com nor its officers, directors, partners or employees /
consultants accept no liability whatsoever for any direct or consequential loss
arising from any use of this report or its contents. RG-Investments affiliates,
agents and/or family may have interests or positions in equity securities of the
companies reviewed in this publication, some or all of which may have been
acquired prior to the dissemination of this report, and may increase or decrease
these positions at any time. Investing in growth securities is highly speculative
and carries an extremely high degree of risk. It is possible that an investor's
investment may be lost or impaired due to the speculative nature of the
companies profiled. RG- Investments may hold positions in securities
mentioned herein, and may make purchases or sales in such securities featured
on our web site or within our reports. In order to be in full compliance with the
Securities Act of 1933, Section 17(b), RG-Investments.com received a fee of
60,000 US dollars from the Company as compensation for its efforts in
research, presenting, and disseminating this information.
We encourage the reader to review the investing information available with the
Securities and Exchange Commission ("SEC") at sec.gov and / or
the National Association of Securities Dealers ("NASD") at
nasdr.com. Readers can review all public filings by the Company at
the SEC's EDGAR page. The NASD has published information on how to
invest carefully at its web site. |
