Stock Symbol: ICH
MONTREAL, Feb. 15 /CNW Telbec/ - Intercable ICH Inc. ("Intercable"), a Canadian telecommunications company that seeks broadband telecommunications opportunities in the international market, announces the appointment of a new Interim General Director at Intercable ICR SAS ("ICR"), the operating subsidiary of Intercable in Reunion Island. Mr. Normand Picard became the new general director of ICR replacing Mr. Pascal Laflamme. Mr. Laflamme will continue in a senior management role with Intercable as the person responsible for the development strategy in the Indian Ocean as well as the African continent.
Mr. Normand Picard was previously the Vice-President, Strategic Development of Intercable. Mr. Picard has more than 20 years of experience in the telecommunications industry and Intercable is proud that he is now the new Interim General Director of ICR.
Intercable is currently pursuing its negotiations with certain of its institutional shareholders in order to conclude an interim financing in the short term. The continuation of the operations of the corporation depends on its capacity to obtain additional funds before the end of the first quarter of 2010 and to sign a medium to long-term offer of financing over next few weeks.
Intercable is a Canadian telecommunications corporation that seeks broadband telecommunications opportunities in the international market. Intercable's business strategy is to focus on underserved telecommunications and cable markets by building and operating its own broadband networks using state-of-the-art technology capable of offering cable television, high-speed Internet and telephony services, at a low cost and with high service quality. Intercable targets markets with (i) limited or no cable service; (ii) feasibility of aerial cable construction; and (iii) stable political environments. Management believes that Reunion Island currently represents the most significant growth opportunity for Intercable.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Intercable's annual information form dated July 8, 2008 or in the filings made by Intercable from time to time with securities regulators. Intercable undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.
SOURCE INTERCABLE ICH INC.
For further information: For further information: please visit the company's website at www.intercable.ca or contact: Guy Laflamme, President and Chief Executive Officer, (450) 582-7953, firstname.lastname@example.org; Zoya Shchupak, Chief Financial Officer, (514) 461-3013, email@example.com