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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (86288)	7/23/1999 1:44:00 PM
From: songw	Read Replies (2) \| Respond to of 119973

NMRX 4 + Time Warner Cable, 10 Year Interactive Video Deal NumereX Corp. Announces Broadband Networks, Inc. Signs Revenue Sharing Agreement With Time-Warner Cable ATLANTA, July 23 /PRNewswire/ -- NumereX Corp. (Nasdaq: NMRX - news) announced today that its wholly owned subsidiary Broadband Networks, Inc. (BNI) has signed an agreement with Time-Warner Cable to supply and support interactive data and video systems for specific projects. The agreement allows for a revenue sharing arrangement for the specified projects. Stratton Nicolaides, Chief Operating Officer of NumereX stated, ''This strategic partnering arrangement between BNI and Time-Warner will serve as an excellent prototype for both companies to offer an array of fiber optic-based interactive services to the distance learning, government and commercial markets. BNI's revenue-sharing arrangement with Time-Warner, one of the world's premier telecommunication companies, is both financially and strategically advantageous to the Company.'' Ron McMillan, Division President Time-Warner Communications stated, ''BNI is a terrific company, a great partner and has a tremendous amount of credibility. They've proven to us on numerous occasions that they can do what they promise, and do it on time, within budget and that's very important if you're in our business.'' The first project that will use the revenue sharing arrangement is for the Spring Branch Independent School District in Houston, TX. Time-Warner and BNI have been contracted by the district to supply a high speed data and interactive video network for a period of ten years. biz.yahoo.com Large deal-looks missed, NMRX 4