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FONIC DISCUSSES JOINT VENTURE WITH NOVATEL COMMUNICATIONS

 NEW YORK, Jan. 14 /PRNewswire/ -- Fonic Inc. (NASDAQ: FONCF) is currently discussing with Novatel Communications Ltd., of Calgary, Alberta, Canada, regarding the possibility of finalizing a joint venture agreement to manufacture cellular phones in China for the domestic Chinese market as well as for re-export through Novatel to North America, Europe and Southeast Asian countries. The possible joint venture would be able to serve the large demand for telecommunication products in China. In addition, the cheap labor cost in China would also help Novatel to increase its sales in other markets. Novatel would arrange the technology transfer for the manufacturing of cellular phones in the China factory.
 Novatel is Canada's only designer and manufacturer of cellular telephones and wireless communications products. Based in Calgary, the company has sales and distribution centers throughout the world, and it is a leading supplier in Canada, the U.S. and the U.K.
 -0- 1/14/93
 /CONTACT: Sam Witchel of Scharff, Witchel & Co., Inc., 212-983-1060, for Fonic Inc./
 (FONCF)


CO: Fonic Inc.; Novatel Communications Ltd. ST: New York, Alberta IN: TLS SU: JVN

KD-TS -- NY056 -- 4937 01/14/93 14:01 EST
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Publication:PR Newswire
Date:Jan 14, 1993
Words:189
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