Conover, North Carolina, March 4, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – Fortran Corporation(OTC: FRTN), a telecommunications technology systems integrator, is pleased to announce that it hascompleted the acquisition of 100% of the ownership interest Comconexx, LLC located in Fort Myers,Florida. Comconexx will continue to operate as a wholly owned subsidiary of Fortran Corporationproviding innovative technology solutions in Fort Myers, Florida and the surrounding areas.
Comconexx joins Fortran Communication, B and L Telephone, and M and B Communication, Fortran’sother wholly owned subsidiaries located in North and South Carolina. Glenn Withers, President ofFortran Corporation, stated “we are excited to have Comconexx join our family of innovative companies.We are looking forward to Comconexx’s contribution to our growth and performance.”
About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing, implementingand 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.
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-lookingstatements that reflect Fortran’s current perspective of existing trends and information as of the date ofthe 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 othersimilar words, phrases or expressions. Such forward-looking statements include, but are not limited to,statements that Comconexx will continue to operate as a wholly owned subsidiary of FortranCorporation providing innovative technology solutions in Fort Myers, Florida and the surrounding areasand that Fortran is looking forward to Comconexx’s contribution to Fortran’s growth and performance.It is important to note that Fortran’s plans, objectives, expectations and intentions are not predictions ofactual performance. Actual results may differ materially from Fortran’s current expectations dependingupon a number of factors affecting Fortran’s business. Factors that could cause or contribute to suchdifferences include, but are not limited to, fluctuation in operating results, the ability of Fortran tocompete successfully and other events. These factors also include, among others, the risks associatedwith the COVID-19 pandemic and related public health measures on its business, customers, marketsand 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 ofcompetitive products and pricing; changes in generally accepted accounting principles; successfulcompliance 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; andother events, factors and risks previously and from time to time disclosed in Fortran Corporation’s filingswith the OTC Markets Group Inc. including, specifically, those factors set forth in any “Risk Factors”section contained in such fillings.
Glenn Withers
828-324-4611
Gwithers@fortrancorp.com
