I am hearing that MDTV will be having big news next week and will be kicking off a major PR campaign over the weekend. Compare this company to PCTV which was at only .16 last October and is now trading in the $9 range. Check out MDTV's website at mduc.com for more information.
MDU Communications Inc. (MDTV), is a federally incorporated Canadian company founded in 1998 that specializes in satellite services". They offer the MDU Digital Satellite System, a unique digital communications service that delivers new and exciting technologies to residents of Multiple Dwelling Units (MDU's).
Outstanding Shares
9,221,335
Restricted Shares
5,200,000
Public Float Shares
4,004,342
Most Recent PR:
MDU Communications Inc. Doubles Number of Buildings Requesting MDU Digital Services
MDTV
RICHMOND, BRITISH COLUMBIA (April 23) BUSINESS WIRE -April 23, 1999--MDU Communications Inc. (OTC BB: MDTV ) 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.
-0- APS/se*
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
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