Conover, North Carolina, May 17, 2022 (GLOBE NEWSWIRE) – via New Media Wire --Fortran Corporation (OTC: FRTN), an emerging telecommunications technology systemsintegrator, is pleased to announce the appointment of F. Kent Greer as Chief Operations Officerof Fortran Corporation. Mr. Greer has been serving as the General Manager for FortranCorporation since July of 2018.
Mr. Greer stated, “I am extremely humbled and honored for this opportunity. In this new role Ilook forward to continuing to execute our long- term strategic growth plans.”
“The creation of this position and the appointment of Mr. Greer to oversee all day-to-dayoperations of the company will allow me to devote more of my time to strategic planning andmerger and acquisition analysis,” stated Glenn Withers, President and CEO.
About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing,implementing and maintaining complex communications solutions. Fortran is comprised ofengineering and design, network service, sales, remote monitoring, and on-site services.
Fortran subsidiary companies include Comconexx, LLC, M & B Communication, LLC,B and L Telephone, and Fortran Communications.
Each of our subsidiary companies is in the process of converting their historical and traditionaltelecom business models to a TaaS model. The TaaS model that our subsidiary companies offeris comprised of design, network service, technical certifications, remote monitoring, and on-siteservice, with dedicated sales and engineering.
With our subsidiaries’ ability to offer these modern telecommunication technologies, we believethat companies and organizations requiring up-grades, expansion, or replacement of existingequipment will be able to realize significant savings compared to aging copper or wired digitalinfrastructures.
Companies can now integrate their voice platform with data network technology to improvecollaboration and usability. Our subsidiary companies offer one-stop service and products toprovide organizations with the very best in both value and quality for communications and datanetwork services.
For more information contact us at: info@fortrancorp.com. Visit us at www.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’sestimated 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 asof the date of the communication. Forward looking statements generally will be accompanied bywords 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-lookingstatements include, but are not limited to, statements that Mr. Greer looks forward to continuingto execute Fortran’s long- term strategic growth plans; that the appointment will allow Mr.Withers to devote more of his time to strategic planning and merger and acquisition analysis; andthat Fortran believes that companies and organizations requiring up-grades, expansion, orreplacement of existing equipment will be able to realize significant savings compared to agingcopper or wired digital infrastructures. It is important to note that Fortran’s plans, objectives,expectations and intentions are not predictions of actual performance. Actual results may differmaterially from Fortran’s current expectations depending upon a number of factors affectingFortran’s business. Factors that could cause or contribute to such differences include, but are notlimited to, fluctuation in operating results, the ability of Fortran to compete successfully andother events. These factors also include, among others, the risks associated with the COVID-19pandemic and related public health measures on its business, customers, markets and theworldwide economy; the inherent uncertainty associated with financial and other projections; theanticipated size of the markets and continued demand for Fortran’s products; the impact ofcompetitive products and pricing; changes in generally accepted accounting principles;successful compliance with governmental regulations applicable to Fortran’s facilities, productsand/or businesses; changes in laws, regulations and governmental policies; the loss of key seniormanagement or staff; and other events, factors and risks previously and from time to time disclosed in Fortran Corporation’s filings with the OTC Markets Group Inc. including,specifically, those factors set forth in any “Risk Factors” section contained in such fillings.
Contact:
Kent Greer
Tel: 828-324-4611
kgreer@fortrancorp.com
