Cable Link Strengthens North American Presence With Acquisitions in Montreal and Los Angeles.Business Editors, High-Tech Writers COLUMBUS, Ohio--(BUSINESS WIRE)--Sept. 5, 2000 Cable Link, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBLK CBLK Current Block ), a subsidiary of A Novo, today announced the acquisitions of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. area based Valsystems and the Canoga Park, CA based Lavender Industries, Inc., dba Cablewise. The investments totaling approximately US$3,000,000 establish an operating base for Cable Link's North-Eastern American market in the Montreal region with Valsystems and the operating base for the Western American market in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. region with Cablewise. It is worthwhile mentioning that A Novo, already present in 12 European countries and 2 South American countries List of American countries Nations:
named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market through its acquisition on August 7 of Cable Link, whose headquarters are located in Columbus, Ohio. Cable Link already has a service facility in Hollywood, Florida. Through Cable Link, A Novo will be able to service markets nationwide in the United States and Canada. According to Mr. Louis Brunel, President and 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 and a partner in the A Novo venture that now controls Cable Link, the addition of these companies enables Cable Link to service its clients located in the North Eastern region of both Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. , and the South Eastern, South Western, Western and Mid Western regions of the United States. Mr. Brunel added that Cable Link had recently concluded a strategic agreement with AFFI, a Montreal based organization which is specialized in the maintenance and repair of electronic equipment used in various telecommunication and cable distribution applications. Cable Link is specialized in the maintenance, upgrade and repair of videocommunication equipment in the North American market, whereas A Novo is a leader in its field in Europe. The acquisition by Cable Link of Valsystems and Cablewise, which are engaged in the same business as Cable Link, and the strategic agreement with AFFI gives Cable Link access to approximately 300 additional people with whom to work, bringing the total number of Cable Link associates to 400 who are specialized in telecommunications equipment repair. Cable Link offers maintenance, repair and other business solutions to cable operators with respect to both new and used equipment. A Novo, SA, based in Paris and listed on the Paris Stock Exchange "Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. ", currently forecasts revenues of approximately US$200 million for its fiscal year ending September 30, 2000, representing a 500% increase over the past two years. It has more than 3,000 employees. A Novo uses its own state-of-the-art facilities and processing know-how to diagnose, upgrade, recondition re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. and repair large quantities of high-tech electronic equipment for payment terminals and for video communications, telecommunications and information technology applications. Its services are marketed chiefly to systems operators and equipment manufacturers who have recurring high-volume equipment maintenance requirements. This news release contains forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made above. These include, but are not limited to technological changes, competitive factors and market demand. Further information on these and other factors, which could affect Cable Link's financial results, can be found in its filings with the Securities and Exchange Commission. NOTE TO EDITORS: There is an accent on the letter "e" in the word "Marche." The accent has been omitted for transmission purposes only. |
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