ENGLEWOOD, Colo., March 1, 2017 /PRNewswire/ -- EchoStar
Corporation (NASDAQ:SATS) announced the consummation on
February 28, 2017 of the Share
Exchange Agreement executed in January with DISH Network
Corporation (NASDAQ:DISH). The transaction took the form of an
exchange by EchoStar of two companies that owned substantially all
of the EchoStar Technologies businesses, along with other assets,
for the HRG tracking stock that was issued to subsidiaries of DISH
in March 2014. EchoStar intends to promptly retire the HRG
tracking stock.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider
of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business
around the globe, EchoStar is a pioneer in secure communications
technologies through its Hughes Network Systems and EchoStar
Satellite Services business segments.
For more information, visit echostar.com. Follow @EchoStar on
Twitter.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release may contain statements that are forward
looking, as that term is defined by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
release, the words "believe," "anticipate," "estimate," "expect,"
"intend," "project," "plans," and similar expressions and the use
of future dates are intended to identify forward looking
statements. Although management believes that the expectations
reflected in these forward looking statements are reasonable, it
can give no assurance that these expectations will prove to have
been correct. You are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date made.
These statements are subject to certain risks, uncertainties, and
assumptions. See "Risk Factors" in EchoStar's and HSSC's Annual
Reports on Form 10-K for the year ended December 31, 2016 filed with the Securities and
Exchange Commission and in the other documents EchoStar files with
the Securities and Exchange Commission from time to time. The
forward-looking statements speak only as of the date made, and
EchoStar Corporation expressly disclaims any obligation to update
these forward-looking statements.
Contacts:
EchoStar Investor Relations
Deepak Dutt
+1 (301) 428-1686
deepak.dutt@echostar.com
EchoStar Marketing Communications
Doug Gunster
+1 (301) 428-2785
Doug.Gunster@hughes.com
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SOURCE EchoStar Corporation