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JONES SPACELINK RELISTED ON NASDAQ NATIONAL MARKET SYSTEM

 JONES SPACELINK RELISTED ON NASDAQ NATIONAL MARKET SYSTEM
 ENGLEWOOD, Colo., July 30 /PRNewswire/ -- The Board of Governors of the National Association of Securities Dealers Inc. has ordered that Jones Spacelink Ltd. (NASDAQ-NMS: SPLKA) be listed again on the National Market System of NASDAQ. The Board of Governors granted the company's request for an exception to NASDAQ's net tangible assets criterion. As of today, July 30, 1992, Jones Spacelink trading information is again available on the National Market System (NMS).
 In its request for the exception to the National Market System requirements, Jones Spacelink said that the net losses it had reported in its recent fiscal years were primarily the result of non-cash items such as depreciation and amortization charges, a pervasive situation with publicly traded cable television companies.
 The National Board of Governors said, "We believe that, under the circumstances, an exception to the NMS net tangible asset requirement for continued NMS designation is warranted." NASD will continue to monitor the company's performance.
 Jones Spacelink is the corporate parent of Jones Intercable Inc. (NASDAQ-NMS: JOIN and JOINA) and The Jones Group Ltd. Jones Spacelink and its subsidiaries (principally Jones Intercable) own and manage cable television systems reaching over 1.3 million subscribers throughout the United States.
 -0- 7/30/92
 /CONTACT: Carl Vogel or Nancy Reed Long both of Jones Intercable, 303-792-9191/
 (SPLKA JOIN) CO: Jones Spacelink Ltd. ST: Colorado IN: TLS SU:


MC -- DV004 -- 5301 07/30/92 17:03 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
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