Conover, NC - (NewMediaWire) - March 04, 2022 - Fortran Corporation (OTC: FRTN), a telecommunications technology systemsintegrator, is pleased to announce that it has completed the acquisition of100% of the ownership interest in Comconexx, LLC, located inFort Myers, Florida. Comconexx willcontinue to operate as a wholly owned subsidiary of Fortran Corporation providing innovative technology solutions inFort Myers, Florida and the surrounding areas. Comconexx joins Fortran Communication, B and L Telephone, and M and BCommunication, Fortran’s other wholly owned subsidiaries located in North andSouth Carolina. Glenn Withers, Presidentof Fortran Corporation, stated; “Weare excited to have Comconexx join our family of innovative companies. We arelooking forward to Comconexx’scontribution to our growth and performance.”
About Fortran Corporation:
Fortran Corporation is atelecommunications system integrator dedicated to designing, implementing andmaintaining complex communications solutions. Fortran is comprised ofengineering and design, network service, sales, remote monitoring, and on-siteservices. For more information contact us at: info@fortrancorp.com. Visit us atwww.fortrancorp.com.
Safe Harbor Statement Under the PrivateSecurities Litigation Reform Act of 1995
Statements and information contained in thiscommunication that refer to or include Fortran’s estimated or anticipatedfuture results or other non-historical expressions of fact are forward-lookingstatements that reflect Fortran’s current perspective of existing trends andinformation as of the date of the communication. Forward looking statementsgenerally will be accompanied by words such as “anticipate,” “believe,” “plan,”“could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,”“may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or othersimilar words, phrases or expressions. Such forward-looking statements include,but are not limited to, statements that Comconexxwill continue to operate as a wholly owned subsidiary of Fortran Corporationproviding innovative technology solutions in Fort Myers, Florida and thesurrounding areas and that Fortran is looking forward to Comconexx’scontribution to Fortran’sgrowth and performance M & B willcontinue to operate as a wholly owned subsidiary of Fortran Corporation andthat M & B will join B and L Telephone and Fortran Communications,Fortran’s other current operating companies, to provide innovative technologysolutions in North and South Carolina. It is important to notethat Fortran’s plans, objectives, expectations and intentions are notpredictions of actual performance. Actual results may differ materially fromFortran’s current expectations depending upon a number of factors affectingFortran’s business. Factors that could cause or contribute to such differencesinclude, but are not limited to, fluctuation in operating results, the abilityof Fortran to compete successfully and other events. These factors alsoinclude, among others, the risks associated with the COVID-19 pandemic andrelated public health measures on its business, customers, markets and theworldwide economy; the inherent uncertainty associated with financial and otherprojections; the anticipated size of the markets and continued demand for Fortran’sproducts; the impact of competitive products and pricing; changes in generallyaccepted accounting principles; successful compliance with governmentalregulations applicable to Fortran’s facilities, products and/or businesses;changes in laws, regulations and governmental policies; the loss of key seniormanagement or staff; and other events, factors and risks previously and fromtime to time disclosed in Fortran Corporation’s filings with the OTC MarketsGroup Inc. including, specifically, those factors set forth in any “RiskFactors” section contained in such fillings.
Glenn Withers
828-324-4611
Gwithers@fortrancorp.com