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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (493)	12/8/1998 10:02:00 PM
From: Aloysius Lo	Respond to of 815

Wow, now that's conviction! 18 months! That's like eternity to some of us.... However, that GTS news is very compelling.... Have fun.. Al

To: pat mudge who wrote (493)	12/9/1998 7:24:00 PM
From: Chris Stovin	Read Replies (1) \| Respond to of 815

This was just released today...this company is growing very rapidly and appears to be bursting at the seams....nice to see this quiet company toot their horn a little bit.. Attention Business/Financial Editors: ''JDS FITEL to Add Second Phase to Campus Facility'' NEPEAN, ON, Dec. 9 /CNW/ - (TSE:JDS) - JDS FITEL Inc. announced today it will commence construction of the second phase of its campus facility located in the South Merivale Business Park in Nepean, Ontario. This new phase will consist of approximately 239,000 sq. ft. of additional R&D and manufacturing facilities. The initial and second phase of the development will result in a total of approximately 500,000 sq. ft. of R&D, manufacturing and office facilities. Construction of the second phase is expected to be completed in December 1999 and will be implemented using a design-build process. ''We are pleased to be adding to our presence in the City of Nepean which has been our home since the inception of the Company in 1981,'' said Jozef Straus, President & CEO. ''The ongoing growth in the fiberoptics industry is fuelling strong demand for our products and driving the need for continued expansion. The decision to proceed with the new phase reflects our confidence in the outlook of the industry going forward.'' In January 1998, JDS FITEL announced it had completed the purchase of 54 acres of land, with the option to purchase up to an additional 53 acres, in the South Merivale Business Park to build a multi-phase campus facility to accommodate its future expansion plans. Construction of the first phase of development began during the winter of 1998 and is nearing completion. JDS FITEL is a Canadian high technology company that manufactures and distributes a broad range of products for the growing fiberoptic communications market. The Company executes its business strategy through its advanced design capabilities, proprietary manufacturing tools and processes and, in particular, its early participation in advancing market and technology trends. JDS FITEL's common shares are listed on The Toronto Stock Exchange under the symbol JDS.