Novanet Communications Acquires M.S.C. Electronics
January 19, 2005

by -- Novanet Communications Limited

Novanet Communications Limited, today announced that it has entered into an agreement to acquire all of the shares of M.S.C. Electronics Ltd., a national, broadcast and communications company, effective January 1, 2005.

Based in Richmond Hill, Ontario, with offices in Western Canada and Quebec, M.S.C. Electronics is a leading supplier of RF transmission products and systems in Canada with a major focus on the Radio and Television Broadcast industry. In addition, MSC is active in certain niche areas in the wireless communications market. The company has a strong product portfolio of industry leading brands such as Microwave Radio Communications, Thales Broadcast & Multimedia, SBS, Nautel, ORBAN, and Microwave Data Systems to name just a few.

“The purchase of M.S.C. Electronics accelerates our growth and diversification strategy in the broadcast and telecom markets” said Joe Uyede, President and CEO of Novanet. “M.S.C., throughout its very successful 32 year history, has been supplying systems and solutions to the communications industry, and we welcome the M.S.C. people, products, and expertise, to join our Novanet team as we continue to strengthen and grow our range of system solutions and offerings”.

“I am delighted with the acquisition of MSC by Novanet Communications” stated David LaFrenais, C.E.O of M.S.C. Electronics Ltd. “The combination of MSC’s strong product portfolio, along with Novanet’s systems integration and engineering services, will offer the radio and television broadcasters, across Canada, an even wider range of options for their broadcasting operational needs than was previously available to them”.

Novanet Communications is a wholly owned subsidiary of ATX Incorporated, a privately held telecommunications company. As one of Canada’s leading suppliers of customized information and delivery solutions, Novanet designs, builds, manages, and maintains, satellite and microwave-based networks for the distribution of multimedia information. Its reputation has been earned through innovation and application of digital and multimedia technologies on private and shared networks since 1989.


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