BLUE BELL, Pa., Aug. 11, 2021 /PRNewswire/ -- QualTek, LLC
(the "company" or "QualTek"), a leading turnkey provider of
infrastructure services to the North American 5G wireless, telecom,
and renewable energy sectors, has provided a business update to
discuss preliminary first half 2021 results, updated CY 2021 and CY
2022 guidance, and its recently completed acquisition of Broken
Arrow Communications Inc. To access the audio recording,
please visit https://rocr.rothch.com/.
About QualTek: Founded in 2012, QualTek is a
world-class, technology driven provider of infrastructure services
to the 5G wireless, telecom, and renewable energy sectors across
North America. QualTek has a
national footprint with more than 80 operation centers across the
U.S. and Canada and a workforce of
over 5,000 people. The company is also a leader in providing
disaster recovery logistics services for electric utilities.
Additional Information and Where to Find It
In connection with the proposed business combination between
QualTek and Roth CH Acquisition III Co. (NASDAQ: ROCR), a
Delaware corporation ("ROCR"),
ROCR will file a proxy statement with the Securities and Exchange
Commission's ("SEC") (as amended or supplemented from time to time,
the "proxy statement") to be distributed to holders of ROCR's
common stock in connection with ROCR's solicitation of proxies for
the vote by ROCR's stockholders with respect to the proposed
business combination and other matters as described in the proxy
statement. ROCR urges investors, stockholders, and other interested
persons to read, when available, the proxy statement as well as
other documents filed with the SEC because these documents will
contain important information about ROCR, QualTek and the proposed
business combination. A definitive proxy statement will be mailed
to stockholders of ROCR as of a record date to be established for
voting on the proposed business combination. Stockholders will also
be able to obtain a copy of the definitive proxy statement, without
charge by directing a request to: Roth CH Acquisition III Co., 888
San Clemente Drive, Suite 400, Newport
Beach, CA 92660. The preliminary and definitive proxy
statement, once available, can also be obtained, without charge, at
the SEC's website (www.sec.gov).
Participants in the Solicitation
ROCR, QualTek, their affiliates and their respective directors
and executive officers may be considered participants in the
solicitation of proxies with respect to the proposals under the
rules of the SEC. Information about the directors and executive
officers of ROCR and their ownership is set forth in ROCR's filings
with the SEC, including its prospectus relating to its initial
public offering, which was filed with the SEC on March 4, 2021. Additional information regarding
the persons who may, under the rules of the SEC, be deemed
participants in the solicitation of the stockholders of ROCR in
connection with the proposals will be set forth in the proxy
statement when it is filed with the SEC. These documents can be
obtained free of charge from the sources indicated above.
Non-Solicitation
This communication is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination between QualTek and
ROCR and shall not constitute an offer to sell or a solicitation of
an offer to buy the securities of ROCR or QualTek, nor shall there
be any sale of any such securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offer of securities shall be made except
by means of a definitive prospectus meeting the requirements of the
Securities Act.
Forward-Looking Statements
This communication contains forward-looking statements for
purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995, including
statements about the parties' ability to close the proposed
business combination, the anticipated benefits of the proposed
business combination, and the financial condition, results of
operations, earnings outlook and prospects of ROCR and/or QualTek,
and may include statements for the period following the
consummation of the proposed business combination. Forward-looking
statements are typically identified by words such as
"plan," "believe," "expect," "anticipate," "intend," "outlook,"
"estimate," "forecast," "project," "continue," "could," "may,"
"might," "possible," "potential," "predict," "should," "would" and
other similar words and expressions, but the absence of these words
does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current
expectations of the management of ROCR and QualTek, as applicable,
and are inherently subject to uncertainties and changes in
circumstances and their potential effects and speak only as of the
date of such statement. There can be no assurance that future
developments will be those that have been anticipated. These
forward-looking statements involve a number of risks, uncertainties
or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made with the SEC by ROCR and the
following:
- expectations regarding QualTek's strategies and future
financial performance, including its future business plans or
objectives, prospective performance and opportunities and
competitors, revenues, products and services, pricing, operating
expenses, market trends, liquidity, cash flows and uses of cash,
capital expenditures, and QualTek's ability to invest in growth
initiatives and pursue acquisition opportunities;
- the occurrence of any event, change or other circumstances that
could give rise to the termination of the business combination
agreement dated as of June 16, 2021,
among ROCR, QualTek and the other parties thereto (the "Business
Combination Agreement");
- the outcome of any legal proceedings that may be instituted
against ROCR or QualTek following announcement of the Business
Combination Agreement and the transactions contemplated
therein;
- the inability to complete the proposed Business Combination due
to, among other things, the failure to obtain ROCR stockholder
approval or ROCR's inability to obtain the financing necessary to
consummate the Business Combination;
- the risk that the announcement and consummation of the proposed
Business Combination disrupts QualTek's current operations and
future plans;
- the ability to recognize the anticipated benefits of the
proposed Business Combination;
- unexpected costs related to the proposed Business
Combination;
- the amount of any redemptions by existing holders of ROCR's
common stock being greater than expected;
- limited liquidity and trading of ROCR's securities;
- geopolitical risk and changes in applicable laws or
regulations;
- the possibility that ROCR and/or QualTek may be adversely
affected by other economic, business, and/or competitive
factors;
- operational risk;
- risk that the COVID-19 pandemic, and local, state, and federal
responses to addressing the pandemic may have an adverse effect on
our business operations, as well as our financial condition and
results of operations; and
- the risks that the consummation of the proposed Business
Combination is substantially delayed or does not occur.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of ROCR and
QualTek prove incorrect, actual results may vary in material
respects from those projected in these forward-looking
statements.
Any financial projections in this communication are
forward-looking statements that are based on assumptions that are
inherently subject to significant uncertainties and contingencies,
many of which are beyond ROCR's and QualTek's control. While all
projections are necessarily speculative, ROCR and QualTek believe
that the preparation of prospective financial information involves
increasingly higher levels of uncertainty the further
out the projection extends from the date of preparation. The
assumptions and estimates underlying the projected results are
inherently uncertain and are subject to a wide variety of
significant business, economic and competitive risks and
uncertainties that could cause actual results to differ materially
from those contained in the projections. The inclusion of
projections in this communication should not be regarded as an
indication that ROCR and QualTek, or their representatives,
considered or consider the projections to be a reliable prediction
of future events.
Annualized, pro forma, projected and estimated numbers,
including as to value, are used for illustrative purpose only, are
not forecasts and may not reflect actual results.
All subsequent written and oral forward-looking statements
concerning the proposed Business Combination or other matters
addressed in this communication and attributable to ROCR, QualTek
or any person acting on their behalf are expressly qualified in
their entirety by the cautionary statements contained or referred
to in this communication. Except to the extent required by
applicable law or regulation, ROCR and QualTek undertake no
obligation to update these forward-looking statements to reflect
events or circumstances after the date of this communication to
reflect the occurrence of unanticipated events.
Media Contact:
Gianna Lucchesi
PR@qualtekservices.com
(484) 804-4585
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SOURCE QualTek LLC