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TEE-COMM CLOSES $20 MILLION OFFERING

 MILTON, Ontario, Nov. 4 /PRNewswire/ -- Tee-Comm Electronics Inc. (AMEX: TEN), Canada's largest manufacturer and distributor of home satellite systems and services, announced today that it has completed the closing of an issue of 5 million common shares at $4 per share for $20 million. Underwriters for the issue are Nesbitt Thomson Inc. and ScotiaMcLeod Inc.
 The company plans to offer a Canadian Direct Broadcast Satellite (DBS) service, which will provide up to 150 channels of basic, premium and pay-per-view programming as well as information services on a 24" satellite dish late in 1994.
 -0- 11/04/93
 /CONTACT: Bob Kavelman, 905-878-8181, or Stephen Litwin, 514-333-3400/
 (TEN TENXF)


CO: Tee-Comm Electronics Inc. ST: Ontario IN: CPR SU: OFR

TW -- NY042 -- 0621 11/04/93 10:35 EST
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Publication:PR Newswire
Date:Nov 4, 1993
Words:126
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