CONOVER, NC, Nov. 26, 2024 (GLOBE NEWSWIRE) — Fortran Corporation (OTC: FRTN ) is pleased to announce that the company has signed a Letter of Intent (LOI) to acquire Intech Systems of South Carolina, Inc.
“We believe the acquisition of Intech Systems of South Carolina will increase our market share in and around South Carolina and add revenue that will improve our bottom line,” said President Kent Greer.
Intech Systems of South Carolina is based in Columbia, South Carolina and provides sales, installation, and telecommunications services focused on the hospitality industry.
Fortran expects to complete the acquisition of Intech Systems of South Carolina in the first quarter of 2025.
About Fortran Corporation
Fortran Corporation is a communications software developer dedicated to designing, implementing and maintaining complex communications solutions focused on cloud-based services and AI. Fortran is designed for engineering and design, network services, sales, remote monitoring, and local service. For more information, contact us at: info@fortrancorp.com.
Visit us at www.fortrancorp.com
Statement of Safe Harbor Under the Private Sector Litigation Reform Act of 1995
Statements and information contained in this communication that refer to or include Fortran’s estimated or expected future results or other statements of fact that are not historical are forward-looking statements that reflect Fortran’s current view of trends and information as of the date of the communication. Forward-looking statements will generally include words such as “anticipate,” “believe,” “plan,” “may,” “should,” “estimate,” “anticipate,” “forecast,” “opinion,” “guidance,” “plan, ” “could,” “probable,” “likely,” “likely,” “likely,” “forecast,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements regarding the belief that the acquisition of Intech Systems of South Carolina will increase Fortran’s market share in the Southeast and add revenue that will improve its bottom line. Fortran expects to complete the acquisition of Intech Systems of South Carolina in the first half of 2025. It is important to note that Fortran programs, goals, expectations and objectives are not predictors of actual performance. Actual results may differ materially from Fortran’s current expectations depending on a number of factors affecting Fortran’s business. Factors that may cause or contribute to such differences include, but are not limited to, fluctuations in performance results, Fortran’s ability to compete effectively and other events. These factors also include, among others, the risks related to the ongoing pandemic of COVID-19 and the related public health measures in its business, customers, markets and the global economy: the inherent uncertainty related to financial and other assumptions: the expected size of the markets and the continued demand for Fortran products : impact of competing products and pricing: changes in generally accepted accounting principles: effective compliance with government regulations applicable to Fortran institutions, products. and/or businesses; changes in laws, regulations and government policies: loss of key executives or employees: and other factors of events and risks previously and from time to time disclosed in the filings of Fortran Corporation and OTC Markets Group Inc. including, in particular, those features set forth. in any “Risk Factors” section contained in such files.
Contact person:
Kent Greer
828-324-4611
kgreer@fortrancorp.com
Source: Fortran Corporation
