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Fortran Corporation Announces Results for Three Months and Six Months Ending December 31, 2013

HICKORY, N.C., Feb. 18, 2014 /PRNewswire/ -- Fortran Corporation (OTC Pink: FRTN), a leading communications systems integrator, announced financial results for the three and six month periods ending December 31, 2013 compared to the same periods 2012. Financial highlights for the quarters respectively were:


Three Months Ended

Six Months Ended


% Increase


2013

2012

2013

2012

2013

2012


(In Thousands)

(In Thousands)










Revenue:

$ 770

$ 580

$ 1647

$ 1068

33%

54%

Gross Profit

$ 411

$ 222

$   935

$   416

85%

125%

Operating Income (Loss)

$   29

$   17

$   133

$   (30)

70%

*








*- N/C

"I am very satisfied with my staff for the first six months of the year and our mission to continue building stakeholder value and development of our core earnings through organic sales, small to mid-sized company acquisitions and funding opportunities to continue our current growth initiatives for the next several years," stated Doug Rink, President and CEO of Fortran Corporation.

About Fortran Corporation
Fortran Corporation is a leading communications system integrator through its subsidiaries, The New Telephone Company, Inc., CCI-Telecom, Inc., B & L Telephone LLC and Fortran Communication, Inc. Fortran Corp. is dedicated to designing, sourcing, implementing and maintaining today's complex communications solutions for business and governments. Fortran services more than 3,000 clients in 2 states with 3 offices in the southeast. To learn more, please visit the Fortran Corporation website at www.fortrancorp.com.

Disclaimer
The press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy shares of Fortran Corporation in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction, and the distribution of this communication in jurisdictions may be similarly restricted. The matters discussed herein may also be affected by risk and uncertainties described from time to time in Fortran Corporation's filings with the OTC Markets News Service. The company assumes no obligation to update any forward-looking statement.

SOURCE Fortran Corporation

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