CAG 0.76% $1.33 cape range ltd

CAG -ASX Announcement

  1. 118 Posts.
    ASX: COMPANY ANNOUNCEMENT

    29 July 2002


    As a result of CommunicAsia 2002 tradeshow in Singapore over 900 companies in over 43 countries have expressed interest in the Cape Range Arcadian product line. The management of the company continues to stay focused primarily on the Asian market and is actively engaged with closing distributor relationships in Australia, China, India, Indonesia, Thailand and additional contracts in Malaysia. Details will be announced once contracts are documented.

    As an illustration of how easily the Arcadian Communications system can be installed: On Monday 23 July, PTDC requested that a link be installed between two State Government buildings, one in Ipoh and one 16Km away in Batu Gaja. The equipment was installed and a link established and made operative on the same day for which it was requested. PTDC has since requested, and the Company has agreed to make this a permanent link.
    This link will be used to provide telephone service between the two Government buildings and will be used by PTDC to educate development agencies on the advantages of the Arcadian Communications System. PTDC expects that this will broaden their penetration of the market beyond the housing development market to include industrial as well as remote jungle locations in the State.
    As previously announced PTDC has identified eight other housing developments in the State of Perak which will now increase the number of lines required to more than 10,000 lines. With a value of US$6 million. Further to the recent advise of developments in Perak State of Malaysia by PTDC, the company is able to advise shareholders that network planning has now begun on these additional sites.

    Yours faithfully,


    Ron Wise
    Chairman
 
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