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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (63927)	1/19/2000 8:21:00 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 108040

IFCI news today...this is a huge client to have: PHOENIX--(BUSINESS WIRE)--Jan. 19, 2000-- Ninth IFCI Customer Building a Nationwide High-Speed Network Capable of Providing Bundled Services Access to the Home and Business International FiberCom Inc. (Nasdaq/NM:IFCI) Wednesday announced that its Sacramento, Calif.-based All Star Telecom subsidiary, a part of IFCI's Infrastructure Development Division, has been awarded a contract valued in excess of $2 million by St. Louis-based Charter Communications (Nasdaq:CHTR). Work on the estimated 12-month project for the upgrade and installation of a portion of the Charter cable network in San Luis Obispo, Calif., has already begun. Charter offers a full range of traditional cable television services and has begun to offer such services as digital cable television, high-speed Internet access and paging on a nationwide basis. The San Luis Obispo portion of the Charter cable network is a very small piece of a nationwide broadband network that Charter envisions will be capable of transmitting voice, video and data at high speeds, enabling it to serve as the primary platform for the delivery of new services to the home and workplace. According to the announcement by IFCI Chairman & CEO Joseph P. Kealy, Charter is the ninth IFCI customer building a nationwide high-speed network capable of providing bundled services access to the home and business. Kealy commented: "Adding Charter as a new customer is consistent with our strategic plan to align ourselves with the leaders in the telecom and cable TV industries, as we continue to see a increase in the demand for high-speed bundled services. We agree with Charter's vision for home and office access to high-speed bundled services across the nation and look forward to expanding our relationship with Charter, as well as with other companies servicing these areas." Charter Communications is a Wired World(TM) company offering a full range of traditional cable television services. The company has also begun to offer services including digital cable television, high-speed Internet access and paging and is introducing interactive video programming. All of these services are important steps toward the realization of the Wired World vision where cable's ability to transmit voice, video and data at high speeds will enable it to serve as the primary platform for the delivery of new services to the home and workplace. Charter is the fourth-largest operator of cable television systems in the United States, servicing approximately 6.2 million customers, after giving effect to a pending acquisition. The chairman of Charter Communications is Paul G. Allen. Jerald L. Kent is the company's president and CEO. More information about Charter can be accessed on the Internet at www.chartercom.com. International FiberCom is a leading provider of a wide range of engineering, development and maintenance services for fiber optic, broadband networks, public telephone networks, local and wide area networks, and specialized wireless applications. With a number of recent strategic acquisitions that complement and enhance existing services and products, International FiberCom has positioned itself as a "one-stop shop" for the telecom and cable TV industries. This news release contains certain forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, by their very nature, include risks and uncertainties. Accordingly, the company's actual results could differ materially from those discussed in this release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, profitability, cash flows and capital needs. Such factors, many of which are beyond the control of the company, include the following: the company's success in obtaining new contracts; the volume and type of work orders that are received under such contracts; the accuracy of the cost estimates for projects; the company's ability to complete its projects on time and within budget; levels of, and ability to collect accounts receivable; availability of trained personnel and utilization of the company's capacity to complete work; the company's ability to complete proposed acquisitions and, upon their completion, to integrate the acquisitions into its organization and manage its growth; competition and competitive pressures on pricing; and economic conditions in the United States and in the regions served by the company. A more complete listing of cautionary statements and risk factors is contained in the company's report on Form 10-KSB for the year ended Dec. 31, 1998, filed with the Securities and Exchange Commission.