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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: StkProfit$ who wrote (15348)	9/21/1999 10:15:00 AM
From: RCJIII	Respond to of 52051

Big news just out on NSATF- (BSNS WIRE) Norsat Announces Delivery of 3,000 LNBs for New AP Network Norsat Announces Delivery of 3,000 LNBs for New AP Network Business Editors BURNABY, B.C.--(BUSINESS WIRE)--Sept. 21, 1999--Norsat International Inc. (TSE - NII; Nasdaq - NSATF), today announced the delivery of 3,000 Low Noise Block downconverters (LNBs) to the Associated Press (AP) for use in a new Ku-band network AP is implementing for the satellite delivery of print and audio news feeds to newspapers and radio and television broadcasters across the United States. "We've been dealing with Norsat for over a decade," said Dennis Coston, AP's Director of Satellite Technology. "We know their LNBs work." Together with C-band dishes already in place, the new receive-only network will serve some 4,500 news outlets. "This sale not only confirms the reliability attached to the Norsat brand label in a situation where timeliness is of the essence," said Robert H. Bucher, Norsat's President and Chief Executive Officer, "but proves that Norsat can offer a premium product at a competitive price." Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications and cable television industries. Its wholly-owned subsidiary Norsat America Inc. operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV to the DTH market and a DIRECTV MSO for the MDU market. Norsat America also distributes DirecPC. This document may contain certain forward-looking information and statements concerning the Company's operations, performance and financial condition, including, in particular, the likelihood of the Company's success in developing and expanding its business. These statements are based upon a number of assumptions and estimates that are inherently subject to significant incertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. --30--ajg/in* CONTACT: NII Norsat International Inc. Derick J. Walker, 604/292-9000 604/292-9100 (FAX) E-mail: info@norsat.com Website: www.norsat.com KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *