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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (55)	9/26/1999 11:22:00 PM
From: Sarkie	Read Replies (2) \| Respond to of 2437

CableTel Communications' (TTV) Stirling Subsidiary To Supply Connectors To Charter Communications Canadian Corporate News - September 21, 1999 07:41 MARKHAM, ONTARIO-- Additional Business Valued at up to US$5 Million Annually Should Double Stirling's Revenues Cabletel Communications (AMEX:TTV,TSE: TTV) today announced that the Company's manufacturing division, Stirling Connectors, has been approved to be a supplier to Charter Communications Inc., the fourth largest cable operator in the U.S. The additional business to Cabletel could be valued at up to US$5 million per year and should double Stirling's revenues in 2000. After a lengthy and extensive test process, Charter Communications, which provides cable services to approximately 6.2million U.S. customers, has given the green light to its buyers topurchase equipment produced by Stirling Connectors. "The formal approval of our Stirling products is a significant decision. In addition to creating a tremendous revenue opportunity, receiving the endorsement of Charter adds credibility to the stature of Stirling Connectors" said Greg Walling, President of Cabletel. Cabletel submitted products for testing to Charter after working with NRG Controls, Cabletel's master distributor in the U.S. Jim Oglesby, President of NRG Control Co. said, "the formal approval by Charter will allow us to aggressively market Stirling products to all of Charter's various systems throughout the U.S." Charter Communications Inc. is owned by Paul G. Allen, co-founder of Microsoft. The St. Louis-based operation was ranked as the eighth fastest growing company in the U.S. by Inc. magazine in 1998. More information about Charter can be found at www.chartercom.com. Cabletel Communications is the largest full-service distributor ofbroadband equipment to the Canadian television and telecommunications industries, offering a wide variety of productsrequired to construct, build, maintain and upgrade broadcasting and telecommunications systems. In addition, the Company's engineering department offers technical advice and support to customers. Cabletel's manufacturing division supplies international clients with products for deployment in cable distribution systems. More information about Cabletel and Stirlingcan be found at www.cabletelgroup.com Except for the historical information in this document, it includes forward-looking statements that involve risks and uncertainties including, but not limited to, quarterly fluctuations in results, the management of growth, and other risksdetailed from time to time in the Company's Securities and Exchange Commission filings Actual results may differ materially from management expectations. FOR FURTHER INFORMATION PLEASE CONTACT: Cabletel Communications Greg Walling CEO 905-475-1030 or Cabletel Communications Ron Eilath CFO 905-475-1030 INDUSTRY: CMT SUBJECT: NWS