Exhibit 99(i)
DYCOM INDUSTRIES, INC.
4440 PGA Boulevard / Palm Beach Gardens, Florida 33410-6542
First Union Center / Suite 600 / Telephone (561) 627-7171
NEWS RELEASE
FOR IMMEDIATE RELEASE Contact: Thomas R. Pledger, Chairman and CEO
Steven E. Nielsen, President and COO
Douglas J. Betlach, Vice President and CFO
(561) 627-7171
Dycom Industries, Inc. Signs Agreement To Acquire Stock
Of CableCom Inc. And Installation Technicians, Inc.
Dycom Industries, Inc. (NYSE: "DY"), Palm Beach Gardens, Florida, February 23,
1998, announced today that it has entered into merger agreements whereby
Installation Technicians, Inc. and CableCom Inc. will become wholly-owned
subsidiaries of Dycom.
CableCom Inc., a Lithonia, Georgia based firm, provides construction services to
cable television multiple system operators throughout the United States.
Installation Technicians, Inc., a Kimberling City, Missouri based firm, provides
construction and engineering services to local and long distance telephone
companies throughout the United States. CableCom and Installation Technicians
share common ownership.
Commenting on the agreements, Thomas R. Pledger, Chairman and CEO, stated, "We
feel the addition of the services provided by CableCom and Installation
Technicians will greatly enhance our construction and engineering capabilities
nationwide with special emphasis in the Central and Western United States."
Dycom is a leading provider of engineering, construction, and maintenance
services to telecommunications providers that operate throughout the United
States. Additionally, the Company provides similar services related to the
installation of integrated voice, data, and video local and wide area networks
within office buildings and similar structures. Dycom also provides underground
utility locating and electric utility contracting services.
A Tele-Conference call to discuss these mergers will be hosted at 1:00 p.m. EST,
Monday, February 23, 1998; Call 800-288-8974, Request "Dycom Second Quarter
Earnings."