|By PR Newswire||
|March 20, 2014 12:00 AM EDT||
HICKORY, N.C., March 20, 2014 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), a communications system integrator announced today that on March 1st a definitive share exchange agreement was reached with WynnCom, Inc. of Lexington, North Carolina and closed yesterday.
Douglas Rink, Fortran's President and CEO stated, "WynnCom has a long history of successful operations in central and eastern North Carolina and a fierce competitor to us. Over the next several quarters, our success will be crucial to our ability to amalgamate duplicative processes into a cohesive unit, I don't expect this to be easy or fast" he stated.
"We are excited to be a part of a larger organization that will allow us to expand and improve upon our Mitel Voice and "Cloud" based Telephony/Data offerings". "We also feel that the Fortran management team has the background and financial expertise required to make this a truly successful acquisition" stated Jimmy Wynn, President.
Founded in Lexington, NC in 1985 by Jimmy Wynn, WynnCom is a leader in the Voice and Data equipment industry serving over 2,500 clients with products and services such as the Mitel (MITL) Unified Communications and "Collaboration" solutions, LAN/WAN data networks design, installation, support and Structured Cabling. WynnCom also has strategic alliances through several local Exchange Carriers and CATV providers.
About Fortran Corporation:
Fortran is a communications system integrator through its subsidiaries, The New Telephone Company, Inc. ("NTC"), B & L Telephone, LLC, CCI-Telecom, Inc., and Fortran Communications, Inc. Fortran is dedicated to designing, sourcing, implementing and maintaining complex communications solutions for business and governments. Fortran currently services more than 3,000 clients in 2 states with 3 offices in the Southeast. To learn more, please visit the Fortran website at www.fortrancorp.com.
This 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 risks 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
SOURCE Fortran Corporation
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