EXHIBIT 99.1



NEWS from H. L. LANZET, INC.

                                            12 Hull Street
                                            Oceanside, NY 11572
                                            (212) 888-4570 o (516) 763-1668
                                            Fax: (212) 888-4569 o (516) 763-1626

================================================================================
FOR IMMEDIATE RELEASE
CONTACT:          Greg Walling                           Ron Eilath
                  President & CEO                        CFO
                  Cabletel Communications                Cabletel Communications
                  (905) 475-1030                         (905) 475-1030

             CABLETEL RENEGOTIATES CREDIT TERMS WITH MAJOR SUPPLIER

MARKHAM, Ontario, May 22, 2002 - Cabletel Communications Corp. (AMEX: TTV; TSE:
TTV), the leading distributor of broadband equipment to the Canadian television
and telecommunications industries, today announced that, concurrent with its
previously reported establishment of a new CDN$15 million revolving credit
facility with LaSalle Business Credit, the Company also renegotiated credit
terms with a major supplier that included the conversion of US$2.2 million in
outstanding payables owed by the Company into a senior subordinated promissory
note.

The senior subordinated promissory note is in the principal amount of US$2.2
million. The note bears interest at the rate of 12% per annum and is repayable
in agreed upon monthly installments of between US$60,000 and US $120,000 over
the next two years. In connection with that renegotiation, the Company also
issued to the supplier a warrant to acquire up to 200,000 shares of Cabletel's
common stock at an exercise price of CDN$1.64 per share.

Greg Walling, President of Cabletel, stated: "Along with our new revolving
credit facility, these revised credit terms greatly heighten Cabletel's ability
to expand its current level of activity and enhance our growth potential."

Cabletel Communications offers a wide variety of products to the Canadian
television and telecommunications industries required to construct, build,
maintain and upgrade systems. The Company's engineering division offers
technical advice and integration support to customers. Stirling Connectors,
Cabletel's manufacturing division supplies national and international clients
with proprietary products for deployment in cable, DBS and other wireless
distribution systems. More information about Cabletel can be found at
www.cabletelgroup.com.

This press release contains forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on these forward-looking statements. Actual results may differ
materially from those indicated by these forward-looking statements as a result
of risks and uncertainties impacting the Company's business including increased
competition; the ability of the Company to expand its operations through either
acquisitions or internal growth, to attract and retain qualified professionals,
and to expand commercial relationships; technological obsolescence; general
economic conditions; and other risks detailed time to time in the Company's
filings with the Securities and Exchange Commission.