Fortran Corp. Merger Announcement
July 02 2013 - 12:59PM
OTC Markets
PRESS RELEASE
HICKORY, NC, July 2nd, 2013 (OTC Disclosure and News Service) --
Fortran Corporation (OTC: FRTN), a leading communications system
integrator announced today that if has reached a definitive merger
agreement on June 7th with CCI Telecom, Inc of
Statesville, North Carolina. "The combined client mix of the
companies coming together will allow us to cross fertilize our
different product disciplines within our existing client
databases. CCI has an
excellent reputation in the industry, Fortune 500 clients we didn't
already have and a solid proven business model"., stated Doug Rink,
Fortran Corp., President and CEO.
About CCI-Telecom, Inc.
Founded in 1993, CCI-Telecom, Inc. is a leader in the
Telecom equipment industry serving over 1,000 clients with the
Avaya unified communications products. CCI-Telecom has strategic
alliances with Windstream (NYSE: WIN) and Peatec.
About Fortran Corp.
Fortran Corp., is a leading communications system
integrator through it's subsidiaries, The New Telephone Company,
Inc. B & L Telephone, LLC (www.bltel.com) and Fortran
Communications, Inc. (www.fortran-inc.com) and is dedicated to
designing, sourcing, implementing and maintaining today's complex
communications solutions for business and governments.
Fortran services more
than 3,000 clients in 2 states with 3 offices in the southeast. To
learn more, visit the Fortran Corp. Web site at
www.fortrancorp.com.
SOURCE: Fortran Corp.
CONTACT:
Fortran Corporation, Douglas Rink, President, CEO,
Corporate Communications and Investor Relations, 828-624-1147
Email: dougrink@fortrancorp.com
Disclaimer
This press release is for information purposes only and
is not intended to constitute, and should not be construed as, an
offer to sell or a solicitation of any offer to buy shares of
Fortran Corporation in the United States or in any other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration, exemption from registration or
qualification under the securities laws of such jurisdiction, and
the distribution of this communication in jurisdictions may be
similarly restricted. The matters discussed herein may also be
affected by risks and uncertainties described from time to time in
Fortran Corporation?s filings with the OTC Markets News Service.
The company assumes no obligation to update any forward-looking
statement.
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