Digital Courier Announces: MPR Teltech Provides Additional Bridge Financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 5, 1998--Digital Courier Inte(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :DIC DIC diffuse intravascular coagulation; disseminated intravascular coagulation. DIC abbr. disseminated intravascular coagulation Disseminated intravascular coagulation (DIC) .) Digital Courier International Corporation (Alberta Stock Exchange: DIC) announced today, further to its news release of April 3, 1998, that it has arranged for up to $2 million of additional debenture financing from MPR (MultiProtocol Router) Software from Novell that provides router capabilities for its NetWare servers. It supports IPX, IP, AppleTalk and OSI protocols as well as all the major LANs and WANs. Teltech Ltd., a subsidiary of BC Telecom Inc. Advances under the facility are at the discretion of MPR. The funds will be advanced pursuant to the terms of the existing debenture issued to MPR Teltech dated October 31, 1997. DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. and its advisor, Goepel McDermid Inc., have been continuing discussions with a number of parties regarding a strategic alliance with DCI. It is anticipated that these discussions will be completed prior to the end of May. The maturity date for the debentures of the company dated October 31, 1997 and December 24, 1997 have been extended while these discussions are continuing. Allan Kozak, DCI's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. commented "we are pleased that one of our largest stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , BC Telecom, has the confidence in DCI to continue funding our growth. DCI's recent operating results have demonstrated that our focus on customer service and support is developing loyalty to our network." Digital Courier International is a leading supplier of electronic distribution and communications services for the media broadcast marketplace, with over 4,900 radio stations, duplications companies, production studios and record companies across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. as customers. DCI's "state of the art," two-way digital distribution network enables fast and reliable delivery of CD-quality audio, text and data, and provides the only "open" platform that allows for full integration with radio broadcast and advertising industry members for the purpose of audio and information exchange. Visit DCI on the Internet @ http://www.digitalcourier.com The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Digital Courier International Corporation Allan Kozak, 604/ 415-3303 or Don Myers, 604/602-2480 or 800/663-8013 dmyers@bc.sympatico.ca http://www.digitalcourier.com |
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