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Storm Internet
Finalizes Purchase from Public Parent Company
More Services Planned as Storm Reveals Private
Investors
OTTAWA, ON, September 5, 2003 - On September 3, 2003,
International Datacasting Corporation (IDC) [TSX:IDC] announced
it completed the sale of its wholly-owned ISP subsidiary,
Storm Internet Services, effective 29 August, to 4177347 Canada
Incorporated. Today, Storm Internet has revealed its private
investors and maintains upbeat plans for continued growth
in providing broadband Internet infrastructure throughout
greater Eastern Ontario.
"Our recently completed re-privatization of Storm allows
us to investigate several new opportunities that will compliment
our core competencies - helping us grow in our respective
markets" said Barry Williams, President & CEO of
Storm Internet. "Today's Storm, and its private investment
group, are looking forward to continue managing, improving,
and growing our service-based company" said Williams.
Birket Foster, Chairman and CEO of MB Foster Associates,
one of the key investors, said "I believe that the synergies
of an ISP, working with a communications company and a software
company specializing in data access and delivery, will create
and deliver new solutions to the communities served by Storm."
"We believe our group of companies will be able to increase
Storm's presence in Eastern Ontario through our numerous communication
sites," said Charles Walther, President of the Christie
And Walther Group of Companies. "We are also excited
to be involved in the premier wireless ISP and broadband provider
in Eastern Ontario, and believe the expertise within Storm
will be able to capitalize on new I.P. and Broadband services
as they are imagined"
About Storm:
Storm Internet (Storm) provides a wide range of Internet access
services to more than 10,000 residential and business users.
An industry leader in fixed-wireless connectivity, Storm currently
maintains one of the largest broadband wireless networks in
North America, covering approximately 35,000 square kilometers,
spanning more than 50 communities and municipalities. Visit
Storm on the web at www.storm.ca.
About MB Foster:
MB Foster, founded in 1977, is an experienced provider of
data access and delivery solutions across Unix, Linux and
Windows. MB Foster is a Software Lab for HP providing ODBC
data access and an HP Platinum Migration Partner helping customers
migrate applications and data to Open Systems. The company
provides migration planning, services and tools to assist
HP e3000 customers in their move to other platforms, as well
as proven data access solutions which drive mission-critical
IT operations around the world. As a Certified Microsoft Developer,
an Oracle Partner, an IBM DB2 Business Partner, and a Sun
Java Development Partner, MB Foster has a wealth of knowledge
specifically focused on data - where all business logic and
critical information resides. Its data access and delivery
tools are in use around the world, providing ETL as well as
cross platform data transactions and extractions. The company
is headquartered in Chesterville, Ontario, Canada with offices
in Texas, Washington, Ontario and British Columbia. For information
on its distributors, products and services, visit www.mbfoster.com
About the Christie And Walther Group of
Companies:
The Christie And Walther Group on Companies originated in
1962 and currently are one of the leading service providers
of two-way radio, paging, telephone answering, call center,
voice mail, telephone interconnect systems and fax to e-mail
in eastern Ontario. They have locations in Ottawa, Cornwall,
Brockville, Kingston and Gatineau. The Christie And Walther
Group of companies include: Christie And Walther Communications
Limited, Christie & Walther Communications (Quebec) Inc.,
Tordiff Communications Inc., Metrolert Limited, Canpage Communications
Limited, Petit Page Teleavertisseur Inc., and Christie &
Walther TeleCOM Inc. For more information please visit: www.cwcom.com
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