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99.1

NEWS         from         H. L. LANZET, INC.



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



FOR IMMEDIATE RELEASE

CONTACT:
    
    Greg Walling
    
    Herbert /DeeDee LanzetPresident & CEO
    
    H.L. Lanzet, Inc.Cabletel Communications
    
    (212) 888-4570(905) 475-1030


CABLETEL ANNOUNCES RECEIPT OF FOREBEARANCE AGREEMENT
FROM SENIOR LENDER

MARKHAM, Ontario, January 26, 2004  Cabletel Communications Corp. (AMEX: TTV;
TSE: TTV), the leading distributor of broadband equipment to the Canadian
television and telecommunications industries, announced that it has been
notified by its senior secured lender, LaSalle Business Credit, a division of
ABN AMRO Canada N.V., Canadian Branch, that the lender will forebear from
taking any immediate action against the Company, under the rights and remedies
afforded to it in the credit agreement and related documents, until February
20, 2004, subject to certain conditions which the Company currently believes it
will satisfy. Cabletel has been notified that it is in default under its
credit agreement with the lender. As a result, the lender has the right to
demand immediate payment in full of all amounts due under the credit agreement.
However, as a result of the forbearance, the lender has agreed not to take any
immediate action against the Company until at least February 20, 2004.

As previously announced, Cabletel is currently facing a liquidity crisis and
does not have adequate working capital to meet its current obligations. To
address these issues, the Company has been in continuing discussions with its
senior lender and is actively exploring various options including (i) raising
additional financing through the issuance of debt or equity securities, (ii)
the restructuring of existing obligations and (iii) selling the Company or
certain of its assets. There can be no assurances that any of these efforts
will be successful and the Company may be required to consider alternative
courses of action including filing a voluntary petition seeking protection
under applicable Canadian and/or U.S. restructuring laws.





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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
its current liquidity crisis, weakness in the Companys market, more
restrictive payment terms from suppliers, requirements imposed by the Companys
creditors, 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.