Conover, North Carolina, April 20th, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire-- Fortran Corporation (OTC: FRTN), an emerging telecommunications technology systems integrator, is pleased to announce that our subsidiary, Comconexx, LLC, doing business in Florida as Communications Conexxions, has been awarded a contract valued at $691,109.20.
“We believe our recent acquisition of Comconexx has already proved to be extremely valuable for Fortran,” stated Fortran President Glenn Withers.
This contract will provide structured cabling and audio-visual equipment for a new High School being constructed in Collier County, Florida.
“Fortran expects additional significant contracts to be awarded to Comconexx over the next 12 months,” added Withers.
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.
Fortran’s 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 traditional telecom business models to a TaaS model. The TaaS model that our subsidiary companies offer is comprised of design, network service, technical certifications, remote monitoring, and on-site service, with dedicated sales and engineering.
With our subsidiaries’ ability to offer these modern telecommunication technologies, we believe that companies and organizations requiring upgrades, expansion, or replacement of existing equipment will be able to realize significant savings compared to aging copper or wired digital infrastructures.
Companies can now integrate their voice platform with data network technology to improve collaboration and usability. Our subsidiary companies offer one-stop service and products to provide organizations with the very best in both value and quality for communications and data network 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 informationas 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 that Fortran’s recent acquisitionof Comconexx has already proved to be extremely valuable for Fortran; that the contract willprovide structured cabling and audio-visual equipment for a new High School being constructedin Collier County, Florida; that Fortran expects additional significant contracts to be awarded toComconexx over the next 12 months; and that companies and organizations requiringupgrades, expansion, or replacement of existing equipment will be able to realize significantsavings compared to aging copper or wired digital infrastructures. It is important to note thatFortran’s plans, objectives, expectations and intentions are not predictions of actualperformance. Actual results may differ materially from Fortran’s current expectationsdepending upon a number of factors affecting Fortran’s business. Factors that could cause orcontribute 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 healthmeasures on its business, customers, markets and the worldwide economy; the inherentuncertainty associated with financial and other projections; the anticipated size of the marketsand continued demand for Fortran’s products; the impact of competitive products and pricing; changes in generally accepted 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 senior management or staff; and otherevents, factors and risks previously and from time to time disclosed in Fortran Corporation’sfilings with the OTC Markets Group Inc. including, specifically, those factors set forth in any“Risk Factors” section contained in such fillings.
Contact:
Glenn Withers
Tel: 828-324-4611Gwithers@fortrancorp.com
