Fortran Corporation Acquires CCI Telecom, Inc of Statesville, North Carolina
HICKORY, N.C., July 5, 2013 /PRNewswire/ -- (OTC Disclosure and News Service) -- Fortran Corporation (OTC: FRTN), a leading communications system integrator announced today that if has reached a definitive share exchange agreement on June 7th with CCI Telecom, Inc of Statesville, North Carolina. "The combined client mix of the companies coming together will allow us to cross fertilize our different product disciplines within our existing client databases. CCI has an excellent reputation in the industry, Fortune 500 clients we didn't already have and a solid proven business model," stated Doug Rink, Fortran Corp., President and CEO.
About CCI-Telecom, Inc.
Founded in 1993, CCI-Telecom, Inc. is a leader in the Telecom equipment industry serving over 1,000 clients with the Avaya unified communications products. CCI-Telecom has strategic alliances with Windstream (NYSE: WIN) and Peatec.
About Fortran Corp.
Fortran Corp., is a leading communications system integrator through it's subsidiaries, The New Telephone Company, Inc. B & L Telephone, LLC and Fortran Communications, 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 Corp. 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