HICKORY, N.C., Nov. 22, 2013 /PRNewswire/ -- Fortran Corporation
(OTC: FRTN) a leading communications systems integrator announced
financial results for the quarter ending September 30, 2013 compared to the same quarter
2012. Financial highlights for the quarters respectively
were:
- Revenues totaled $877,000,
increasing 80% from $488,000
- Gross profit margin improved to 60% from 40%, respectively
- Operating income increased to $104,000 from a loss of $47,162
Detailed financial statements can be found on the OTC Markets
web site under ticker symbol FRTN.
About Fortran Corp.,
Fortran Corp., is a leading communications system integrator
through its subsidiaries, The New Telephone Company, Inc.,
CCI-Telecom, Inc., B & L Telephone LLC and Fortran
Communication, Inc. Fortran Corp. 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, please visit the Fortran
Corp. website at www.fortrancorp.com
Disclaimer
The 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 risk 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.
SOURCE Fortran Corp.