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Gold/Mining/Energy : InterProvincial Satellite Services ISS (AlbertaSE) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Simmons who wrote (21)	4/9/1999 10:38:00 AM
From: Steve Simmons	Read Replies (1) \| Respond to of 27

HUGE NEWS ! NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: INTERPROVINCIAL SATELLITE SERVICES LTD. ASE SYMBOL: ISS APRIL 9, 1999 INTERSAT - U.S. Capital Market Engagement CALGARY, ALBERTA--Interprovincial Satellite Services Ltd. ("INTERSAT"), and its wholly owned subsidiary Interfax Communications Ltd., are pleased to announce that INTERSAT has engaged a prominent U.S. investment bank (the "Agent") to place on a 'best efforts' basis up to U.S.$ 15 million of common shares and/or other equity or equity linked securities of INTERSAT to institutional accredited investors on terms acceptable to INTERSAT. Upon completion of the financing, INTERSAT intends to apply for listing of the shares on NASDAQ, subject to meeting all applicable regulatory requirements. Proceeds of the offering will be used for further development and commercialization of INTERSAT's products and services as well as the penetration of the markets therefor. Pricing of the securities will be established by negotiation between INTERSAT and the investor(s), and will be based upon the market for INTERSAT common shares at or about the time of closing of the transaction, subject to meeting applicable regulatory requirements. The securities will not have been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent such registration or an applicable exemption from registration requirements. INTERSAT, together with its wholly owned subsidiary Interfax Communications Ltd., is a leading developer and value-added provider, through its offices in Calgary, Amsterdam and San Francisco, of global fax and data network services to industry, using wireless and internet as communications media. This release is for information purposes only and does not constitute and should not be construed in any way as an offer to sell or a solicitation of an offer to purchase any of the securities under the private placement described herein. Information provided herein contains "forward-looking" information, as that term is defined by the United States Private Securities Litigation Reform Act of 1995 (the "Act") with the intention of obtaining the "safe harbor" of the Act. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements.