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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (717)	3/26/2001 3:05:58 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 856

NHC Communications Inc. files final prospectus in relation to $10 million bought deal financing with Yorkton Securities Inc. /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ MONTREAL, March 26 /CNW/ - NHC Communications Inc. (TSE: NHC - news), a leading provider of carrier class test access and deployment solutions for the telecommunications market, today announced that it has filed, and obtained receipts for, its final prospectus in relation to its previously announced sale of 3,335,000 units at $3.00 per unit for aggregate gross proceeds of $10 million to Yorkton Securities Inc., on a bought deal basis. Each unit will consist of one Common Share plus one half of a Common Share Purchase Warrant. Each full Warrant will entitle the purchaser to acquire one Common Share of NHC Communications for $4.00 at any time until two years from the closing of the offering. The offering is scheduled to close on or about March 30, 2001. The net proceeds of the offering will be used for working capital and general corporate purposes. The units and the underlying Common Shares and warrants have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. About NHC Communications With offices in Montreal, Paris - France and Manassas, Va., NHC Communications is an international leader in the design and manufacture of innovative remotely controlled physical layer cross-connect solutions for established and next-generation voice/data networks. With a unique range of technologies developed from years of experience, NHC now is at the heart of today's corporate enterprise service market and the telecommunications industry. NHC may be contacted through its web site: www.nhc.com For further information contact: Sylvain Abitbol, President and CEO, NHC Communications Inc., e-mail: pr@nhc.com, , Telephone: 1-800-361-1965, Fax: (514) 735-8057 Sylvain Brossard, CA, VP Finance and Operations, NHC Communications Inc., e-mail: s.brossard@nhc.com

To: Lalit Jain who wrote (717)	4/1/2001 8:04:43 AM
From: hugh thorne	Read Replies (2) \| Respond to of 856

i just can't tell if the market is telling us that NHC isn't going to deliver the sales to the sector that were expected, or if it just got beaten up really badly. at this level, the options to the mgmt and board members from the US side are just not going to keep them in place. I hope that the CDN arm is letting them do their work and not sticking their nose in all the time. The problem here, is that NHC has had the same mgmt for quite a number of years. I have concerns about their ability to delegate roles and just let other people do their tasks. I think it is fairly clear that the DSL rollouts are gaining steam, pushed by the cable group and the simple fact that the customers really are there.