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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Nutbuster who wrote (6192)	5/21/1999 10:10:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 6297

News after the bell. Jeff Anderson Resigns From InnovaCom's Board SANTA CLARA, Calif.--(BUSINESS WIRE)--May 21, 1999--InnovaCom Inc. (OTC BB: MPEG)(the "Company"), Friday announced that James Anderson has resigned from InnovaCom's board of directors and as secretary to the corporation in order to pursue other business opportunities. Anderson has served as a director of the Company since April 2, 1997 until his resignation which was effective on April 12, 1999. "We greatly appreciate Anderson's significant contributions to our company as a valued member of our board of directors," said InnovaCom's Chairman of the board and President Frank Alioto. "Mr. Anderson's vast business experience has been a valuable resource for me and other members of management. We sincerely wish Jim continued success in his future business endeavors." InnovaCom is Silicon Valley manufacturer of video compression based transmission and DVD authoring systems. For more information, contact the company at 3400 Garrett Dr., Santa Clara, Calif. 95054. Phone: 408/727-2447; Investor Relations 888/464-6734; Fax: 408/727-6625; Web site: www.innovacom-mpeg2.com; or for technical support contact: techsupport@innovacom.org. This news release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statement. Factors that might cause such a difference include, but are not limited to, the factors set forth under "Risk Factors" in the company's registration statement on Form SB-2 which was declared effective by the Securities and Exchange Commission on May 15, 1998. Readers should not place undue reliance on forward-looking statements, which only reflect the view of management as of the date hereof. The company does not undertake the obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission. CONTACT: Chan & Associates Inc. Robin Schnug, 714/447-4993 Fax: 714/578-0284 or InnovaCom Inc. Frank Alioto, 408/727-2447 Fax: 408/727-6625 KEYWORD: CALIFORNIA BW0168 MAY 21,1999 13:04 PACIFIC 16:04 EASTERN