MDU Communications Accelerates Strategic Acquisitions; Executes Agreements in Its Northeast and Southeast Regions

TOTOWA, NEW JERSEY--(Marketwire - 10/29/09) - MDU Communications International, Inc. (OTC.BB:MDTV - News), a leading end-to-end provider of digital satellite television programming, high-speed Internet and other premium communication and information services to the residential multi-family market, continues to execute on an aggressive acquisition strategy to supplement organic growth, with asset acquisitions in New Jersey, Florida and New York. On September 14, 2009, the Company executed an agreement with Delrey Technologies, LLC to acquire certain of its assets including 871 units and 472 subscribers to its Internet and DIRECTV� services in New Jersey. Delrey Technologies, predominantly an Internet service provider owned and operated by Chris DeLosReyes, was one of the first multi-family Internet providers to provide live, self-provisioned high-speed Internet. With Delrey systems, residents have plug and play Internet capabilities with the connection immediately directing them to an Internet service webpage co-branded with their multi-family property. No equipment is needed, no professional installation or truck roll is required, residents sign-up online, pay their monthly bill online and report most service problems online. In conjunction with the acquisition, Mr. DeLosReyes has accepted employment with MDU Communications as Director of Broadband and IT Services and will be evaluating the Company's entire portfolio for application of such self-provisioned Internet, as well as point-to-point property delivery of bandwidth an...
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Worthington Chairman Sells $6.2M Worth

Carnival Plc (CUK) Artsfare 2006 Trust No 2 BO 257,142 $8,474,243 Worthington Industries (WOR) Mcconnell John Poh CB,CEO, DIR 450,000 $6,175,119 Carnival (CCL) Nickel Continued Irrevocable Trust BO 127,473 $4,201,204 SBA Communications (SBAC) Stoops Jeffrey CEO,DIR 134,056 $3,754,909 Och-Ziff Capital Mgt (OZM) Blockinger Jeffrey C LO 130,189 $1,635,348 Bway Holding (BWY) Valueact Smallcap Mgt LP BO 60,000 $1,176,600 Boston Scientific (BSX) Nicholas Peter M DIR 100,000 $1,031,080 Discover Financial Svs (DFS) Talwar Harit VP 60,000 $989,400 Virtual Radiologic (VRAD) Casey Sean BO 44,100 $591,030 Lumber Liquidators (LL) Sullivan Thomas D CB,DIR, BO ...
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MDU COMMUNICATIONS INTERNATIONAL INC Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue5,785  5,838  6,617  6,513  Cost of Revenue2,426  2,448  2,597  9,815  Gross Profit3,359  3,391  4,020  (3,303)Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative2,695  2,719  2,697  (3,758)Non Recurring(11) -  (5,039) -  Others1,728  1,707  1,627  1,727  Total Operating Expenses -   -   -   -  Operating Income or Loss(1,053)(1,035)4,735  (1,271)Income from Continuing OperationsTotal Other Income/Expenses Net0  1  0  1,861  Earnings Before Interest And Taxes(1,053)(1,034)4,735  590  Interest Expense443  456  530  575  Income Before Tax(1,497)(1,491)4,205  15  Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(1,497)(1,491)4,205  15  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   -  Other Items ...
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MDU COMMUNICATIONS INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The purpose of this discussion is to provide an understanding of the Company's financial results and condition by focusing on changes in certain key measures from year to year. Management's Discussion and Analysis is organized in the following sections: · Forward-Looking Statements · Overview · Summary of Results and Recent Events · Critical Accounting Policies and Estimates · Recently Issued and Not Yet Effective Accounting Pronouncements · Results of Operations - Nine and Three Months Ended June 30, 2009 Compared to Nine and Three Months Ended June 30, 2008 · Liquidity and Capital Resources - Nine Months Ended June 30, 2009 NOTE REGARDING FORWARD-LOOKING STATEMENTS The statements contained in this Management's Discussion and Analysis that are not historical in nature are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. In some cases, you can identify forward-looking statements by our use of words such as "may," "will," "should," "could," "expect," "plan," "intend," "anticipate," "believe," "estimate," "potential" or "continue" or the negative or other variations of these words, or other comparable words or phrases. Factors that could cause or contribute to such differences include, but are not limited to, the fact that we are dependent on our program providers for satellite signals and programming, our ability to successfully expand our sales force and marketing programs, the need for potential additional...
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MDU COMMUNICATIONS INTL IN Earnings Call scheduled for 10:00 am ET today

Call DetailsMDU COMMUNICATIONS INTL IN Earnings Conference Call (Q3 2009)Wed, Aug 12, 2009, 10:00 am EasternAbout MDU COMMUNICATIONS INTL IN (OTC BB:MDTV.OB)MDU Communications International, Inc. engages in the installation and delivery of digital satellite television, high-speed Internet solutions, and other information and communication services primarily to the United States multi-dwelling unit (MDU) residential market. MDUs include apartment buildings, condominiums, gated communities, universities, nursing homes, hospitals, hotels, motels, and other properties having multiple units located within a defined area. It provides two types of satellite television services, direct broadcast satellite (DBS) or direct to home that offers DIRECTV programming packages; and private cable programming, which provides a bundle of programming services to the resident’s cable-ready television. The company sells digital and analog satellite television programming and high-speed Internet services to owners and residents of MDUs. MDU Communications International has a strategic alliance with DIRECTV, Inc. to establish and maintain MDU distribution systems and act as a commissioned sales agent for the marketing of DIRECTV programming to the residents of MDU properties. The company was founded in 1995 and is headquartered in Totowa, New Jersey.More Info:Quote |Chart |News |Profile |Reports |Research |SEC |...
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MDU Communications Acquires Subscribers and Related Assets From Rocket Broadband Networks; Expands New York Footprint

TOTOWA, NEW JERSEY--(Marketwire - 07/13/09) - MDU Communications International, Inc. (OTC.BB:MDTV - News), a leading end-to-end provider of digital satellite television programming, high-speed Internet and other premium communication and information services to the residential multi-family market, has executed an agreement to acquire 3,938 subscribers and related assets from Rocket Broadband Networks, Inc. These subscribers are located in 31 multi-family properties, which represent over 9,100 total units passed by wire. Concurrent with the signing of the agreement, the Company closed on the initial purchase of 2,512 subscribers located in 18 properties. The Company expects to close on the balance of 1,426 subscribers in 13 properties within thirty to sixty days upon obtaining certain consents. The assets being acquired are located in New York, part of the Company's well-established Northeast region, and include 589 direct-to-home, 2,772 private cable, 555 Internet and 22 VoIP subscribers located in high-penetration properties. A vast majority of the properties are under either a bulk or exclusive agreement. Additionally, the Company acquired a Right of Entry Agreement to provide services to 20 additional properties encompassing 2,108 residences. The purchase price of the asset acquisition on a per subscriber basis was slightly below the price paid by the Company for previous acquisitions. The Company financed the acquisition through its $30 million credit facility.This asset acquisition is immediately accretive to the Compa...
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MDU COMMUNICATIONS INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The purpose of this discussion is to provide an understanding of the Company's financial results and condition by focusing on changes in certain key measures from year to year. Management's Discussion and Analysis is organized in the following sections: · Forward-Looking Statements · Overview · Summary of Results and Recent Events · Critical Accounting Policies and Estimates · Recently Issued and Not Yet Effective Accounting Pronouncements · Results of Operations - Six and Three Months Ended March 31, 2009 Compared to Six and Three Months Ended March 31, 2008 · Liquidity and Capital Resources - Six Months Ended March 31, 2009 NOTE REGARDING FORWARD-LOOKING STATEMENTS The statements contained in this Management's Discussion and Analysis that are not historical in nature are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. In some cases, you can identify forward-looking statements by our use of words such as "may," "will," "should," "could," "expect," "plan," "intend," "anticipate," "believe," "estimate," "potential" or "continue" or the negative or other variations of these words, or other comparable words or phrases. Factors that could cause or contribute to such differences include, but are not limited to, the fact that we are dependent on our program providers for satellite signals and programming, our ability to successfully expand our sales force and marketing programs, the need for potential addi...
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MDU COMMUNICATIONS INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report

Item2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The purpose of this discussion is to provide an understanding of the Company's financial results and condition by focusing on changes in certain key measures from year to year. Management's Discussion and Analysis is organized in the following sections: · Forward-Looking Statements · Overview · Summary of Results and Recent Events · Critical Accounting Policies and Estimates · Recently Issued and Not Yet Effective Accounting Pronouncements · Results of Operations - Three Months Ended December 31, 2008 Compared to Three Months Ended December 31, 2007 · Liquidity and Capital Resources - Three Months Ended December 31, 2008 NOTE REGARDING FORWARD-LOOKING STATEMENTS The statements contained in this Management's Discussion and Analysis that are not historical in nature are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. In some cases, you can identify forward-looking statements by our use of words such as "may," "will," "should," "could," "expect," "plan," "intend," "anticipate," "believe," "estimate," "potential" or "continue" or the negative or other variations of these words, or other comparable words or phrases. Factors that could cause or contribute to such differences include, but are not limited to, the fact that we are dependent on our program providers for satellite signals and programming, our ability to successfully expand our sales force and marketing programs, the need for additional funds to meet bus...
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