Best Voip Service Providers Chart
		$9.95 - $16.58
		$19.99 - $39.99
		$9.95 - $15.95

A new project spearheaded by Guy Laflamme: Intercable ICH inc, announces the filing of a preliminary prospectus

Guy Laflamme, Chairman, President and Chief Executive Officer of Intercable ICH inc ("ICH") is pleased to announce that the company has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Québec, Ontario, Manitoba, Alberta and British Columbia in connection with a proposed initial public offering (IPO), pursuant to which ICH intends to issue a minimum of 17,000,000 units up to a maximum of 19,550,000 units at $1.00 per unit. The aforementioned units consist of one common share in the company as well as one warrant. Each warrant will entitle the holder to subscribe to one common share at $1.25 during the 18-month period following the closing of the IPO, or at $1.50 between the 19th and 36th month following the closing of the IPO.

Intercable intends to allocate the net proceeds of this initial public offering to the construction and operation of a hybrid broadband network in Reunion Island, France's largest Overseas Department (DOM), where it will offer, but not restrict itself to, cable television services, high speed Internet access as well as telephony services ("voice over Internet", or VoIP).

A syndicate of agents has been formed in connection with the offering and will be co-led by Desjardins Securities and Dundee Securities Corporation.

Founded by Guy Laflamme and a group of close associates, all of whom were involved in similar successful ventures in Guadeloupe and Portugal, Intercable ICH is a Montreal-based Canadian communications company on the lookout for international business opportunities in the residential and commercial cable industry. ICH's marketing strategy consists of targeting regions where cable and telecommunication services are sub-standard. Using cutting-edge technology, ICH installs and operates proprietary broadband networks in order to offer high-quality, low-rate cable television, Internet and telephone services.

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "Truth in Securities Act"), nor have they been registered under any individual State securities law. They may not be offered or sold within the United States except in compliance with the Thruth in Securities Act or individual State securities laws, or pursuant to an exemption therefrom.

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.

For further information: Mr Guy Laflamme, Chairman, President and Chief Executive Officer, Intercable ICH Inc. (450) 582-7953, info@intercable.ca; Please visit our Website for information relative to Reunion Island and an overview of our projects: www.intercable.ca.; You are also invited to consult the preliminary prospectus which will be available on the SEDAR Website at www.sedar.com.

Author:  

Email:    

Topic:    

Content: