Telesource International, Inc. Awarded $5.7 Million Contract to Expand Radio Relay Broadcast Station in the Commonwealth of Northern Mariana Islands for U.S. Government.Business Editors LOMBARD, Ill.--(BUSINESS WIRE)--May 1, 2003 Telesource International, Inc. (www.telesource.org) announced today that it has been awarded a $5.7 million contract to expand an existing radio relay broadcast station located in the Commonwealth of Northern Mariana Islands Northern Mariana Islands (märēä`nä), commonwealth associated with the United States (2005 est. pop. 80,400), c.185 sq mi (479 sq km), comprising 16 islands (6 inhabited) of the Marianas chain (all except Guam), in the W Pacific ("CNMI CNMI Commonwealth of Northern Mariana Islands ") for an independent agency of the U.S. Government, the Broadcasting Board of Governors' International Broadcasting Bureau The International Broadcasting Bureau (IBB) supports the day-to-day operations of the Voice of America (VOA) and the Office of Cuba Broadcasting (Radio and TV Marti). It also provides transmission and technical support for all of the independent non-military broadcasting services ("IBB IBB International Broadcasting Bureau (US government) IBB Institute of Biochemistry and Biophysics IBB Islamic Bank of Britain IBB I'll Be Back IBB Intentional Base on Balls "). The existing station was constructed by Telesource and began operations in 2000. The expansion of this radio relay station is for the addition of two short wave antennas by March 12, 2004. The expansion of the radio relay station located in the CNMI is being made to reach more countries in Far East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. and the Pacific. Telesource International's Chief Executive Officer, K.J. Semikian, stated, "Telesource is very pleased to announce the IBB's award to Telesource of the expansion of the Tinian radio relay broadcast station. Telesource has been working with the IBB for over seven years and looks forward to completing this expansion. Our company is one of a very few and select companies in the world capable of executing this type of work on a turn-key basis, and this contract with the US Government further demonstrates our commitment to maintain this capability, and to provide a vital service to the US Government worldwide, specially in these critical times " About Telesource International Telesource International is a global company located in Lombard, Illinois Lombard, "The Lilac Village", is a suburb of Chicago in DuPage County, Illinois. The population was 42,322 at the 2000 census. The United States Census Bureau estimated the population in 2004 to be 42,975. . Telesource International effectively utilizes its subsidiaries to offer utility services, specialized construction and engineering services, project development and management, and plant operations. Telesource and its subsidiaries have offices in the Chicago area, on the Western Pacific islands of Tinian and Saipan, Guam and Palau and offices on the South Pacific island of Fiji. The Company's home page is at http://www.telesource.org. Certain of the statements made in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company's Securities Commission filings. |
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