MDTV Retains New York Investment Banking Firm Berenson Minella & Company to Assist with Future Financing and Acquisition Strategy
RICHMOND, BC. – MDU Communications International, Inc. (OTCBB: MDTV) has retained prominent New York investment banking firm Berenson Minella & Company to act as the Company’s financial advisor. Berenson Minella, founded in 1990, has provided strategic and transactional advice for clients across a wide range of industry sectors.
Sheldon Nelson, Chairman and CEO of MDTV, commented, “To maximize our capital intensive growth, MDTV required the professional advice and assistance of a top investment banking firm well-versed and connected with our industry. The experience that Berenson Minella brings to the table will be a positive asset in assisting MDTV not only with acquisition strategy, but with appropriate short and long term debt and equity financings.”
MDU Communications International, Inc. (OTCBB: MDTV) is a leading provider of premium communication/information services, including digital satellite television, high-speed broadband Internet and in-suite monitored security services, concentrating exclusively on the North American multi-dwelling unit marketplace - estimated to include 30 million residences. Through its wholly owned subsidiaries, MDU Communications (USA) Inc. and MDU Communications Inc., MDTV delivers DIRECTV digital satellite programming in the U.S. and Star Choice® digital satellite programming in Canada. Both subsidiaries provide 3Com Visitor and Community Network (VCN) high-speed (broadband) Internet systems and are committed to delivering the next generation of Internet services such as video-on-demand, voice over IP and in-suite webcam surveillance.