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.
About WynnCom:
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.
Disclaimer
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