Conover, NC – 
(NewMediaWire) – March 04, 2022 – Fortran Corporation (OTC: FRTN), a telecommunications technology systems
integrator, is pleased to announce that it has completed the acquisition of
100% of the ownership interest in Comconexx, LLC, located in
Fort Myers, Florida. Comconexx
will
continue to operate as a wholly owned subsidiary of Fortran Corporation providing 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’s other wholly owned subsidiaries located in North and
South Carolina. Glenn Withers, President
of Fortran 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, 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.
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 that Comconexx
will continue to operate as a wholly owned subsidiary of Fortran Corporation
providing innovative technology solutions in Fort Myers, Florida and the
surrounding areas and that Fortran is looking forward to Comconexx’s
contribution to Fortran’s
growth and performance M & B will
continue to operate as a wholly owned subsidiary of Fortran Corporation and
that M & B will join B and L Telephone and Fortran Communications,
Fortran’s other current operating companies, to provide innovative technology
solutions in North and South Carolina. 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 Corporation’s filings with 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