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Internet Cable Announces Change of Management; Return of CSTSi founder Joseph M. Melanson as Chairman of Internet Cable Corporation.

Business Editors

MARKHAM, Ontario--(BUSINESS WIRE)--May 30, 2001

Internet Cable Corporation (OTC BB: ICBLE), a leading provider of broadband professional services, today announced that its former board of directors and management have resigned in a negotiated transaction and been replaced with a new board of directors and management. Joseph M. Melanson, formerly a Director and President of the Company and Founder of Cable Systems Technical Services, Inc. ("CSTSi"), Internet Cable Corporation's main subsidiary, has rejoined the Company and become its Chairman, Chief Executive Officer and a Director. Mr. Blaine Burnie, currently President of CSTSi, also has joined the Board of Directors.

Joining Mr. Melanson and Mr. Burnie on the new Board of Directors are Robert A. Modansky, Andrew Schecter, Timothy R. Karnes and J. Robert Jones.

Joseph M. Melanson, Chairman of the Board, CEO and a Director was the founder in 1995 of Cable Systems Technical Services, Inc., the major constituent of the Company's current business, and served as its CEO and Chairman until January 2000. He served as a director and officer of the Company when Cable Systems Technical Services was acquired in January 2000. Joseph is a visionary with extensive corporate experience in the field of communications and information technology. Under his leadership, Cable Systems Technical Services grew to be one of the largest broadband services companies in North America with an annual sales volume of $10 million and offices in Toronto, Kitchener and London in Canada and Richmond, Virginia, Chicago, Illinois and Jacksonville, Florida. Mr. Melanson has studied at the University of British Columbia and McMaster University.

Blaine J. Burnie brings to Cable Systems Technical Services Inc. an extensive corporate background in senior management and customer service. His history of successes includes start up ventures, to being an essential part of senior management. Past accomplishments include the creation of "One Stop Shopping" program for a large waste company, resulting in increased revenues of over twenty million dollars across North America. He is an exceptional leader with the proven ability to take the company to the next level of growth. Blaine has been a vital part of the success of Cable Systems TSi and has been instrumental in the growth of the U.S. and Canadian business. His strong business relationships with contacts in the Broadband industry have been key to the success of this company. Blaine has developed a strong management team and technical staff to meet the needs of our customers.

Timothy R. Karnes, a founder of Internet Cable Corporation, served as the Chairman of the Board and the Company's President from 1997 until 2000. He is now Vice-President of Shareholder Relations. Prior to former management's entrance at the end of 1999, Mr. Karnes' responsibilities at the Company included the execution of private placements, mergers and acquisitions, increasing shareholder value and day-to-day operations of a public company. In 1994, Mr. Karnes co-founded Sims Internet, a pioneer in the Internet service provider industry. Mr. Karnes is certified by Zenith Electronics Corporation in cable modem technologies. Prior to 1994 Mr. Karnes founded and was President of Palmetto Research Opportunities, Inc., an employment research firm. In 1988 Mr. Karnes was the founder and publisher of Auction Guide Magazine. In 1991, Mr. Karnes founded a nonprofit organization, Operation Desert News, Inc. Mr. Karnes attended Ecole de Monte Rosa in Lausanne, Switzerland, the College of Charleston and Wake Forest University.

Robert A. Modansky began his professional career in 1976 with Arthur Andersen, SC in Washington, D.C. and New York, specializing in the "Emerging Business Group." After leaving Arthur Andersen in 1979, Mr. Modansky spent the following eight years as the Chief Financial Officer of a $100 million wholesale distribution company. Mr. Modansky joined the firm of Strauss & Comas, PC in 1991, and was made a partner in 1994. Mr. Modansky has actively developed the firm's insolvency practice and the firm is currently involved in cases representing debtor's, creditor's committee and the trustee in bankruptcy. Mr. Modansky has been a speaker at the Long Island University Center for Accounting and Tax Education Conference on "Financially Troubled Business and Insolvency" and will be a speaker at the 2001 New York State Society of Certified Public Accountants annual Bankruptcy and Reorganization Conference. Mr. Modansky is actively involved with his firm's public client strategic and tax planning and filing compliance. Mr. Modansky is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He earned a B.S. degree in Business Administration from The American University, Washington, D.C. in 1976. He was admitted to public accounting practice in Virginia in 1978 and in New York in 1979.

Andrew Schecter is an accomplished and results-oriented senior level information technology and management professional with a demonstrated track record of success in applying technology to improve business performance for small/mid-size corporations. Background encompasses the introduction and management of effective hardware, software and work process procedures to maximize system efficiency and reduce operating costs. He is experienced in the development of business plans and the procurement of investment capital. From October 2000 to the present, Mr. Schecter has been engaged in a private consulting practice focusing on the management and operations of companies in the Internet, e-business, broadband and telecommunications industries, specialize in creation of infrastructure, operations systems, corporate culture and information technology facilitation, particularly in turnaround situations. From April 1996 to October 2000, he was employed by JMJ Connections, Ltd. of Clifton, New Jersey as Vice President/Chief Operating Officer for computer network integration and Internet services company, providing network, software, Internet and e-commerce solutions to small/mid-sized corporations. Mr. Schecter earned a Bachelor of Arts degree in History for the University of Rochester, Rochester, New York in 1982.

J. Robert Jones is a director and the Company's Secretary. Mr. Jones brings sales and marketing, company startup, Zenith certification, and technical and cable-modem experience to the Company. As Vice President of Marketing/Technology at King Communications, Mr. Jones pioneered the first generation of cable modems to King, North Carolina. Mr. Jones has eighteen years experience in negotiating multi-million dollar sales contracts for numerous companies such as Pan American Continental and Transworld Airlines. Mr. Jones has founded two successful companies, one of which, Micro Tech, implemented Internet service for many of the Caribbean Islands. Mr. Jones attended Central Piedmont College in Charlotte, North Carolina and the College of Marin County in Marin County, California. Commenting on the transition of management, Mr. Melanson had this to say: " It's truly unfortunate that former management were unable to realize the full potential of the Company as it presented itself at the time of CSTSi's acquisition. Of course, as part of the process of new cost conscious fiscal management, we've closed the Pennsylvania office. Our core business has continually grown and I look forward, with the assistance of our new directors and loyal shareholders, in fully realizing the value we have all anticipated. I invite our shareholders to contact me directly so that confidence and communication can be restored to the benefit of all."

COMPANY CONTACT: Joseph M. Melanson, CEO, Internet Cable Corporation 195-2 Riviera Drive, Markham, Ontario, Canada L3R 5J6 Phone: 416-722-0072 or 313-218-2276

About Internet Cable Corporation

Internet Cable Corporation (OTC Bulletin Board: ICBL - news) provides engineering infrastructure services, broadband training solutions, and wireless integration services to the North American cable industry and emerging markets. The company offers its customers a turnkey solution for management, upgrade, maintenance and expansion of their broadband networks, combined with technical training services, helping to ensure the high levels of network quality and reliability required for the delivery of broadband services. More information about Internet Cable can be found at http://www.internetcablecorp.com.

Statements in this release that are not historical facts, including those relating to the company's financial forecast and market strategy are "forward-looking" statements that involve risks and uncertainties that may cause results to differ materially from actual results. These risks include, but are not limited to, demand for the Company's products and services; loss of significant customers; changes in product mix; the Company's ability to enhance existing products and services; the Company's ability to attract and retain qualified personnel; and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements in this release, see the Company's periodic filings with the SEC.

SOURCE: Internet Cable Corporation
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Date:May 30, 2001
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