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To: allii who wrote (30636)	2/24/2000 8:56:00 PM
From: allii	Respond to of 150070

<ICBL> Internet Cable Completes Private Placement Financing; Plans Move Off OTC to Larger Exchange closed @ 9.312 today - but it could be a good buy... CHARLESTON, S.C., Feb. 24 /PRNewswire/ -- As marketplace interest and momentum for its products and services continue to grow, Internet Cable Corporation (OTC Bulletin Board: ICBL) today announced that it has successfully completed its next round of financing and is forming plans to move to a larger stock exchange. The company, through The Regency Group, Inc. as placement agent, completed a private placement of securities, generating in excess of $9 million in gross proceeds. Internet Cable now meets all listing requirements for the American Stock Exchange, and plans to file an application upon completion of the 1999 audit and related filings with the SEC. Michael F. Mulholland, Internet Cable Chairman and Chief Executive Officer, commented, "During the last few months Internet Cable passed several major milestones. We have completed two strategic acquisitions and raised capital through a private placement offering. The markets for broadband solutions and wireless services continue to show dynamic growth, offering tremendous upside opportunity for our company. "With our proven combination of life-cycle engineering services and business-to-business wireless network solutions, coupled with a seasoned and focused executive management team, we are strongly positioned in this marketplace. By listing our company on a larger stock exchange, individual and institutional shareholders around the world will more readily be able to invest and participate in the growth of Internet Cable," added Mulholland. About Internet Cable Corporation: Internet Cable Corporation provides broadband infrastructure services, software products and business-to-business wireless solutions to emerging markets. The company offers its customers a sole source alternative for innovative, cost-effective, and reliable solutions for all of their high-speed broadband needs. More information about Internet Cable can be found at cablewave.net. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements in this release regarding Internet Cable, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements in this release, see the "Risk Factors" section in the company's year-end report." SOURCE Internet Cable Corporation /CONTACT: Douglas S. Clauson of Internet Cable, 1-800-699-1224/ /Web site: cablewave.net / (ICBL) CO: Internet Cable Corporation; The Regency Group, Inc. ST: South Carolina IN: CPR TLS