CAG 0.00% 90.0¢ cape range ltd

CAG - news!

  1. 3,081 Posts.
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    Further to the Company's recent advice that it was finalising
    relationships and sales contracts in Australia, China, India,
    Indonesia and Malaysia, the Company is pleased to announce its third
    contract in Malaysia.

    This contract was concluded on Friday August 2, 2002 with Sapura
    Transmission Sdn Bhd (a member of the Sapura Group of Companies) to
    supply the Arcadian Wireless pursuant to a contract valued at US$10.5
    million between Sapura Holdings and Telekom Malaysia Berhad. Network
    planning will commence this month and the contract is expected to be
    completed within 18 months.

    This brings the total value of sales agreements to over $US90
    million.

    The ability to win orders in the current market climate is a strong
    endorsement of the Company's technical capability and competitive
    pricing structure. The ability of the Company to secure a contract of
    this magnitude within four weeks of the International product launch
    at CommunicAsia is a further endorsement of the industry's acceptance
    of the product. From the multitude of commercial enquiries received,
    the management of Cape Range Wireless is focusing on selecting those
    distributors that hold existing contracts and relationships in key
    markets.

    Wherever possible, shareholders will be advised as contracts are
    finalised.

    Sapura Transmission Sdn Bhd is a member of the Sapura Group of
    Companies (www.sapura.com.my). The Sapura Group is involved in
    telecommunications and IT related businesses. Its activities include
    manufacturing, servicing and marketing of telecommunication products,
    as well as an involvement in the automotive, defence and energy
    markets. In 1999, Sapura successfully implemented the Total Airport
    Management System at Kuala Lumpur International Airport, a first of
    its kind in the world. Sapura is also involved in the Malaysian
    Government's Smart School initiative and the E-Government initiative,
    both of which are part of Malaysia's Multimedia Super Corridor
    Flagship program.

    R Wise
    CHAIRMAN

    YOUR COMMENTS APPRECIATED - WILL CAG PERFORM ON THE NEAR FUTURE OR IS THIS ANOTHER CONTRACT THAT WILL TAKE YEARS TO COME TO FRUITION

    YOURS MIKE SALAD
 
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