PRESS RELEASE

Fortran Corporation Issues Shareholder Update

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Conover, NC, March 3, 2021 (OTC Markets Website) Fortran Corporation (OTC: FRTN), a leading telecommunications system integrator, is pleased to announce that Weinberg & Company, P. A., an independent registered public accounting firm, has completed their audit of our financial statements as of and for the years ending December 31, 2018 and 2019. Fortran Corporation has engaged the same firm to audit our financial statements for year ending December 31, 2020. We expect this audit to be completed in time to file our 2020 annual report with the OTC Markets Group Inc. on or about March 31, 2021. About Fortran Corporation: Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services. For more information contact us at: info@fortrancorp.com. Visit us at www.fortrancorp.com




President and CEO, Glenn Withers
828 324 4611
gwithers@fortrancorp.com


Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995 Statements and information contained in this communication that refer to or include Fortran’s estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran’s current perspective of existing trends and information as of the date of the communication. Forward-looking statements generally 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 other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements about Fortran’s expectation that the audit of its financial statements for the year ended December 31, 2020 will be completed in time to file its 2020 annual report with the OTC Markets Group Inc. on or about March 31, 2021. It is important to note that Fortran’s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran’s current expectations depending upon a number of factors affecting Fortran’s business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuation in operating results, the ability of Fortran to compete successfully and other events. These factors also include, among others, the risks associated with the COVID-19 pandemic and related public health measures on its business, customers, markets and the worldwide economy; the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran’s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran’s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Fortran’s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any “Risk Factors” section contained in such filings.


Fortran Corporation 828-324-4611

Location
Corporate Mailing Address
P.O. Box 1450
Hickory, NC 28603

Corporate Physical Address
3210 16th Avenue SE
Conover, NC 28613
Contact Us
info@fortrancorp.com
1-800-968-8944