CableServ Inc.

October 13, 2006 11:07 ET

CableServ Inc. and Costeff Network Solutions Inc. Announce Mailing of Take-over Bid Circular

MISSISSAUGA, ONTARIO--(CCNMatthews - Oct. 13, 2006) -

Attention Business Editors:

CableServ Inc (the "Company") and Costeff Network Solutions Inc. ("Costeff") jointly announce that Costeff will today be mailing to shareholders of the Company its Offer and Take-Over Bid Circular and related documents, in connection with its previously announced offer to acquire all of the issued and outstanding common shares ("Common Shares") of the Company at a cash price of $0.095 per Common Share (the "Offer").

The Offer will expire at 5:00 p.m. (Mississauga Time) on Friday, November 17, 2006, unless extended or withdrawn.

The Offer and Take-over Bid Circular, and related documents have been filed on SEDAR and will be available at www.sedar.com

About Costeff

Costeff is a privately-owned corporation, controlled by Audley Alexander and Edward Winchell. Mr. Alexander is currently President of CableServ Inc., and Mr. Winchell is sales manager of CableServ Inc.

About the Company

CableServ Inc. is a Canadian based business formed by the amalgamation of CableServ Electronics Ltd. ("CEL") and Triple Crown Electronics Inc. ("TCE") focusing on the design, manufacture and distribution of systems and equipment used by cable television systems. CableServ offers a full range of broadband amplifiers for modern cable telecom systems focusing on RF amplifiers within the cable system, and transmitter and receiver modules for those segments of the system that distribute via optical fibre. All of the Corporation's products are compatible with the world's major TV signal standards and AC power systems. CableServ's business is not dependent upon patents, but rather depends primarily upon its technical competence and continued research and development. CableServ is a reporting issuer in the Province of Ontario. Its shares are not listed for trade on any exchange.

Contact Information

  • CableServ Inc.
    Anthony Sandaluk
    Chairman
    (905) 629-1111
    or
    Costeff Network Solutions
    Audley Alexander
    (905) 629-1111