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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: BarbaraT who wrote (77753)	6/3/1999 1:48:00 PM
From: LadyNada	Read Replies (1) of 119973

NSATF text of news, excerpt: Norsat Announces Agreement WithNortel Networks June 3, 1999 01:43 PM BURNABY, British Columbia--(BUSINESS WIRE)--June 3, 1999--NII Norsat International Inc. CA:NII NSATF today announced the signing of a strategic agreement to participate in a broadband satellite access program with Nortel Networks. Under the agreement, Norsat is to develop and supply an outdoor unit (ODU) for integration into a Satellite Interactive Terminal (SIT) for the ASTRA-NET return channel system (ARCS) that Nortel Networks is supplying to Societe Europeenne des Satellites. The agreement has an initial value estimated at $8.5 million during the first year of delivery, plus various options for increased volume over the first two years based on subscription rates. ASTRA-NET estimates the new system will attract 100,000 plus subscribers within 3-5 years. ladynada

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