SOURCE: First Canadian American Holding Corporation

November 28, 2005 09:00 ET

First Canadian American Holding Corporation Reports Digital TV Subscriber Growth Continues to Accelerate: New Decima Study

TORONTO -- (MARKET WIRE) -- November 28, 2005 -- First Canadian American Holding Corporation (OTC: FCDH) reports that -- The number of Canadian households subscribing to digital television services such as satellite TV or digital cable continued to accelerate in the second quarter of 2005, according to Decima Research Inc.'s latest research tracking digital TV subscriber growth.

"The faster pace of growth is largely tied to the efforts of cable companies to migrate their analog customers to digital cable and a better than doubling of the number of subscribers added in the quarter by satellite TV operator Bell ExpressVu," says Mario Mota, Vice-President of Broadcast / Media Research at Decima.

The number of digital TV subscribers in Canada increased by an estimated 178,000 or 4% in the second quarter of 2005 (February/March to May/June), compared to 132,000 or 3% in the same period last year. There were almost 4.7 million digital TV subscribers in Canada at May/June 2005.

The evidence so far in 2005 leads Decima to revise upward its previous digital TV subscriber estimates. Decima predicts that the number of digital TV subscribers in Canada will hit 5.1 million by the end of 2005, and 5.9 million by the end of 2006.

"The continued acceleration of digital TV subscriber growth leads us to believe that the number of digital TV subscribers in Canada will surpass the number of analog TV subscribers by the end of this year, several months earlier than previously expected," says Mota.

Other key findings from Decima's THE DIGITAL DOMAIN quarterly market tracking study on digital TV services market include:

--  The number of digital cable subscribers increased by an estimated
    102,000 or 5% in Q2 2005, an improvement over the same period last year;
--  The number of satellite TV subscribers added in Q2 was more than
    double that added in Q2 2004; and
--  The number of households capable of receiving high-definition
    television (HDTV) programming and those with personal video
    recorders/digital video recorders continues to grow as cablecos and
    satellite TV companies see strong demand for higher-end digital set-top
    boxes with HDTV and PVR/DVR capabilities.
    
About First Canadian American Holding Corporation.

First Canadian American Holding Corporation is a holding company with subsidiaries in a range of businesses. The Company's subsidiaries conduct operations in areas of digital television, radio and building and construction and natural resources. The company is actively looking at several other opportunities in many different industries such as additional natural resources, wireless, technology and biotechnology.

Safe Harbour

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbour created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. http://www.fcahc.com/

Contact Information

  • CONTACT:
    First Canadian American Holding Corporation
    Sandy Winick
    Telephone 416-918-2209
    E-mail info@fcahc.com