Cable Link Enters Into Letter of Intent to Partner With High-Speed Wireless Internet Solution Provider.Business Editors and High Tech Writers COLUMBUS, Ohio--(BUSINESS WIRE)--March 28, 2000 Cable Link, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBLK CBLK Current Block ) a leader in equipment sales, repair, and business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) eCommerce solutions for the Cable Television Industry, announced today that it has signed a letter of intent with Internet Satellite Platform, Inc. ("iSat") to market and sell their wireless broadband Internet solution. ISat's service provides a complete turnkey broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a solution to cable television and wireless cable television operators. Cable Link will market and sell iSat's solutions exclusively throughout the U.S., and in conjunction with other vendors in Mexico and Latin America. This offering provides a simple, cost-effective way for any size operator to implement a complete, start-to-finish solution to provide their customers with high-speed broadband Internet access. "This is a total end-to-end package that delivers significant value to the small and medium operator," said Mario Pino, President and Chief Technology Officer of iSat. "By combining our solution and Cable Link's extensive relationships in the U.S. and Latin American markets we will be able to bring high-speed Internet service to every cable operator that needs it." ISat's Internet solution allows cable operators to use their existing network to offer high-speed Internet access to all their subscribers. In many areas of the U.S. and to a greater extent, in Latin America this will be the only high-speed access available. iSat delivers its wireless Internet signal through a satellite operated by Satmex a division of Loral Space & Communications (NYSE NYSE See: New York Stock Exchange :LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. ). "We are beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the the system right now in our Hollywood, Florida offices," said Bob Binsky, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cable Link. "Our customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a solution to allow them to offer their subscribers high-speed Internet access and iSat's solution is perfect for them." The agreement between iSat provides Cable Link with a residual monthly income for each subscriber of the service which are signed by cable operators set up by Cable Link. Cable Link also anticipates the final agreement to include stock options in iSat. Cable Link sells new, used and refurbished cable TV equipment in addition to Business to Business services (B2B) and repairing equipment for cable companies within the United States and various international markets. The Company operates both its administrative and manufacturing operations from two facilities, one in Columbus, Ohio and the other in Hollywood, Florida. Cable Link is a public company and trades over the counter on the bulletin board (OTCBB) under the symbol CBLK. iSat is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with offices in Miami and Orlando, Florida. Its core operations are in the low cost provisioning of high-speed broadband Internet and other Internet Protocol ("IP") services, via satellite, to cable television operators both domestically and internationally. iSat is expecting to have a public offering by the end of the year 2000. This press release may include statements, which constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Certain matters set forth in this press release, such as iSat's ability to successfully exploit market developments and to penetrate new markets such as those targeted in the agreement with Cable Link, are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties include the impact of competitive products and pricing, alternative technological advances, the timely and successful development and market acceptance of new products, upgrades to existing products and other risks as detailed from time to time in Cable Link's SEC filings, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. |
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