Stock Symbol: ICH
MONTREAL, Aug. 5 /CNW Telbec/ - Intercable ICH Inc. ("Intercable"), a
Canadian telecommunications company that seeks broadband telecommunications
opportunities in the international market, announced today that revocation of
cease trade orders were issued by the Autorité des marchés financiers ("AMF"),
the Ontario Securities Commission ("OSC") and the British Columbia Securities
Commission ("BCSC") dated July 28, 2009, July 29, 2009 and July 29, 2009
respectively and that Intercable has been advised by the TSX Venture Exchange
("TSXV") that its shares are scheduled for reinstatement effective the opening
on August 6, 2009.
Intercable was subject to a permanent cease trade order of the AMF dated
June 29, 2009 and cease trade orders of the OSC dated June 15, 2009 and of the
BCSC dated June 12, 2009 (collectively the "Orders") as a result of
Intercable's failure to file, on a timely basis, its interim unaudited
financial statements for the period ended March 31, 2009 and its management
discussion and analysis for the period ended March 31, 2009 (the "Delinquent
Financial Statements"). Following the issuance of the Orders, the TSX Venture
Exchange issued a suspension of trading dated June 12, 2009. The Delinquent
Financial Statements were filed with the applicable securities commissions on
SEDAR on July 14, 2009 and Intercable is now up-to-date with all of its
outstanding continuous disclosure documents.
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
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; Serge Dupuis, Chief
Financial Officer, (514) 904-0163, email@example.com