Article: Mikotel Status Update.

Business Editors

TORONTO--(BUSINESS WIRE)--April 20, 2001

Current Status

With the significant costs Mikotel (CDN:NRSR.) (TSE:NR.) had to undertake to bring a highly competitive network appliance to the verge of commercialization and the difficulties encountered with early financing attempts and the current Venture Capital market, Mikotel is seeking to arrange bridge financing (approximately C$350K) based on the significant collateral represented by way of its R&D tax credits (est. C$450K).

To reach successful production, Mikotel has immediately put into effect cost reduction programs that the management feels will not jeopardize ...

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