To: Spark who wrote (1030 ) 7/13/1999 3:26:00 PM From: Boolish Read Replies (2) | Respond to of 1692
MDTV PR! Looks like these guys are looking for some more exposure. Think will be back over $2 in no time Spark. Tuesday July 13, 1:42 pm Eastern Time Company Press Release MDU Communications Selects New Investor Relations Advisors & Continues to Expand Its Markets RICHMOND, BRITISH COLUMBIA--MDU Communications Inc. (NASDAQ - OTCBB: MDTV), market leader in digital satellite service to apartment buildings and other multiple dwelling units, announces the appointment of CBI Investor Relations as their new investor relations advisors. ''The appointment of CBI Investor Relations is an aggressive step to enhance our exposure within the investment community and capitalize on new investor opportunities,'' said MDU President Sheldon Nelson. ''We expect to move quickly to create new investor interest in MDU and to broaden investment participation in MDU from building owners, managers and residential customers. People living in and owning multi-dwelling unit properties, appreciate the opportunity of finally having a choice and appear interested in becoming more involved in the company,'' he added. ''Who better than building owners, managers and subscribers to get excited about a company offering superb digital satellite TV service, a new High Speed Internet Service, and true customer choice at competitive prices?'' he asked. ''It is our goal to ensure every new subscriber, building owner and investor benefits from our growth as we expand across Canada at an accelerating rate,'' said Nelson. Recent sales and business highlights for MDU Communications include: - Deployed service into 150 buildings in the last six months with over 12,000 current subscribers. The company added approximately 1,250 new subscribers in June. - Achieving subscriber penetration levels in excess of 75 percent in some properties and 55 percent overall. - Opening branch offices in Calgary, Edmonton, Winnipeg, Halifax, Toronto, and Ottawa. - The company currently has in excess of 200 additional properties with signed letters of understanding committing to our service. This represents an additional 28,000 suites that the company will be deploying service into over the coming months. - Providing digital satellite service and high speed Internet access to all residents at Woodcroft in North Vancouver (the largest multi-unit development in Western Canada) commencing September 1999. - Successfully deployed a new and unique High Speed Internet Service at the Hilton Vancouver Airport in addition to the Star Choice digital satellite television service. ''After the Hilton Internet installation, we received very strong interest from both the hospitality and multi-dwelling unit marketplace, and we'll be moving aggressively to exploit these new opportunities,'' Nelson stated. ''In September 1999, we will begin to install and provide both a digital satellite TV service and our new high-speed Internet service to the 1,222 residents at Woodcroft development in North Vancouver, B.C.'' MDU Communications establishes mutually beneficial relationships with building owners and managers to facilitate the delivery of new technology to residents of multi-dwelling units including hotels/motels, apartments, condominiums, universities, gated residential communities and remote work camps. It now has more than 12,000 satisfied satellite TV and new technology subscribers. ''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 filing with the Securities and Exchange Commission. Contact: MDU Communications Inc. Sheldon Nelson President (604) 277-8150 or Toll-free 1-888-322-6633 (604) 277-8301 Website: mduc.com or CBI Investor Relations Clodagh O'Rafferty Toll-free: 1-800-343-9947 or (604) 899-2782 (604) 899-1202 Email: office@microstocksearch.com