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To: coopie who wrote (27043)	12/23/1997 9:14:00 AM
From: BillyG	Read Replies (2) \| Respond to of 50808

If no one buys your stock, you can always get private financing. Innovacom.............. InnovaCom, Inc. Announces Private Financing SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 23, 1997--InnovaCom, Inc. (OTC BB:MPEG) announced today that it has completed a $5 million, 7% convertible debenture pursuant to Regulation D of the Securities Act of 1933. The debenture was issued to a single institutional investor. Included in the terms of the issue, InnovaCom retains the option for 45 days from closing to convert the debenture into convertible preferred stock bearing the same terms as the debenture. Commenting on the placement, Stanton R. Creasey, InnovaCom's Chief Financial Officer, stated: "This financing paves the way for our continuing aggressive pursuit and development of opportunities within the emerging video compression industry, including the completion of the first integrated single chip MPEG-2 encoder. "InnovaCom has built an outstanding foundation of product technology, intellectual property, opportunities, and management, and this financing will allow the Company to expand rapidly to market. The structure and size of the placement are consistent with InnovaCom's business plan and provide the fuel for the Company's continued growth without undue dilution." Mark C. Koz, InnovaCom's President and Chief Executive Officer remarked: "InnovaCom is pleased to be attracting its first interest from the institutional investment community. Their involvement is indicative of a belief in InnovaCom's long-term future based upon industry-leading vision and technology." On December 12 the company filed a registration statement on Form 10SB with the United States Securities and Exchange Commission ("SEC") registering its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended. The registration statement, which is available to the public through the SEC's EDGAR system, includes InnovaCom's audited financial statements for the fiscal year ended December 31, 1996, and unaudited financial statements for the quarter ended September 30, 1997. The registration statement is automatically effective sixty (60) days after the filing of the registration statement, unless sooner declared effective by the SEC. The effectiveness of the registration statement is a condition to the acceptance of an application with the National Association of Securities Dealers, Inc. ("NASD") for the trading of InnovaCom's common stock on the NASDAQ Stock Market. Provided that all other conditions have been met, the Company intends to file an application with the NASDAQ Stock Market to list its common stock on the small cap market as soon as practical. InnovaCom, Inc. is a leading developer of MPEG-2 products for broadcast quality video compression. InnovaCom's single-chip MPEG-2 encoder, scheduled for shipment the first quarter of 1998, for satellite, cable, broadcast, and consumer applications will exceed the performance of currently available multichip solutions. Visit InnovaCom's web site at innovacom-mpeg2.com . InnovaCom is located at 2855 Kifer Road, Suite 100, Santa Clara, Calif. 95051. Telephone is 408/727-2447 (CHIP) and Fax is 408/727-6625. Investor Relations contact is Ben Gibson. Press Relations contact is Carter Elliott at 408/395-1161. CONTACT: InnovaCom, Inc. Ben Gibson, 408/727-2447 (Investors) or Carter Elliott Public Relations Carter Elliott, 408/395-1161 (Press)