To: Stock Watcher who wrote (16338 ) 10/7/1999 9:47:00 AM From: RCJIII Read Replies (1) | Respond to of 52051
Positive news out on NSATF- (COMTEX) B: Norsat America Announces Third Quarter DIRECTV(R) Unit Sa B: Norsat America Announces Third Quarter DIRECTV(R) Unit Sales BURNABY, BRITISH COLUMBIA--(Canadian Corp News, October 7, 1999)--Norsat International Inc. (TSE - NII; Nasdaq - NSATF), today announced Norsat America's DIRECTV unit sales for the quarter ended September 30, 1999:- DIRECTV unit sales for the quar ter increased to 33,818 compared to 10,001 for the third quarter of 1998- DIRECTV unit sales for the year to date increased to 59,026 compared to 23,122 for the first three quarters of 1998"Our efforts to stimulate sales by our existing dealers and programs to build our dealer network are paying off," said Norsat America's president, Edward A. Johnson. "We are also seeing a greater percentage of our units destined for service in the suburban market, indicative of broadening consumer acceptance of broadcast satellite television as an attractive alternative to cable."Norsat America Inc. operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV to the direct-to-home (DTH) satellite market and a DIRECTV Master Sys tems Operator for the multiple dwelling unit market.The company also distributes DirecPC. Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications and cable television industries. Its Satellite & Cable group is a leading supplier of satellite signal receivers and other ground station equipment. The Company's Norsat America Inc. subsidiary operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV(R) satellite service to the direct-to-home (DTH) market and a DIRECTV(R) Master System Opera tor (MSO) for the multiple dwelling unit (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, in cluding, 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 uncertainties and contingencies, many of which are beyond the control of theCompany. Actual results may differ materially from those expressed or implied by such forward-looking statements. Toronto Stock Exchange SYMBOL: NII NASDAQ SYMBOL: NSATF -0- *** end of story ***