Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lalit Jain who wrote (63)	1/19/1999 8:06:00 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 856

NHC positioned to resume growth in 1999 NHC Communications Inc NHC Shares issued 8,825,536 Jan 18 close $0.99 Tue 19 Jan 99 News Release Mr. Sylvain Abitbol reports After a challenging year in 1998, NHC Communications is positioned to resume its growth and improve results in 1999 with new product launches. Five new switching products will have been introduced commercially by the end of the current quarter, making 1999 one of the most exciting years in terms of product launches in the history of NHC. All of these products have been developed in response to requirements that serve specific market niches and the company expects them to begin contributing to revenues in the current fiscal year. Switchex/DVS, a revolutionary voice and data cross connect matrix switch, has been launched and the company already has its first order. NHC is strengthening its sales and marketing efforts to accelerate market penetration of these new products. NHC has made a major investment in research and development to bring these products to market. All of these products are based on the company's proven switching technology platform. There was improvement in the company's financial position as a result of the sale of its United Kingdom subsidiary, as well as improved results for the first quarter ended Oct. 31, 1998. During the annual meeting, shareholders approved the appointment of PricewaterhouseCoopers as auditors. This change is consistent with the company's growth strategy in North American and international markets. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com