Fortran Corporation (FRTN) 0.4500 $FRTN
Fortran Corporation To Acquire Subsidiary AND 80% of Tower Performance, Inc.
PR Newswire - Mon Nov 16, 2:19PM CST
Fortran Corporation's (OTC: FRTN) agreed to purchase New TPI, LLC, a North Carolina Limited Liability Company owning 80% of the corporate stock of Tower Performance, Inc. (TPI). TPI is a New Jersey Corporation with average gross annual revenues of $13,600,000 and average annual gross profits of $3,500,000 per year over the last five (5) years. Upon completion of the sale and transfer of 100% of NEW TPI, LLC's ownership to Fortran, the transaction is expected to increase shareholder equity value and likely will be accretive to Fortran's earnings. Fortran's Chief Executive Officer, Douglas W. Rink (Rink) believes that the transaction is consistent with the Fortran's goal to acquire businesses intended to grow and diversify Fortran. Fortran will consolidate TPI's annual revenues, which based on historic performance, should grow Fortran from $2,100,000 in FYE 2012, to over $16,000,000 annually. The consolidated financials will be included in the 2nd quarter ending December 31st 2015, expected to be filed on or before February 15th 2016.
Fortran Corp Announces Results for Quarter Ending December 31st 2014
ACCESSWIRE - Tue Feb 10, 6:01AM CST
HICKORY, NC / ACCESSWIRE / February 10, 2015 / Fortran Corporation (OTC: FRTN) a leading communications systems integrator and service provider announced financial results for the quarter ending December 31st 2014 compared to the same quarter 2013. Financial highlights for the quarters respectively were:
Fortran Corporation Subsidiary Deploys over 20 NEC UNIVERGE(R) SV9000 Series Communications Servers
ACCESSWIRE - Fri Feb 06, 3:45PM CST
HICKORY, NC / ACCESSWIRE / February 6, 2015 / Fortran Corporation (OTC: FRTN) subsidiary, The New Telephone Company, Inc. is one of the first dealers in the Southeastern region of the US to deploy 20 of the new NEC SV9100 Unified Communications (UC) platforms to its clients including McDowell County Schools, Catawba County Schools and the Catawba County Science Center. NEC (NEC) (TOKYO:6701) a leading technology integrator of networking and communications solutions, also announced today the UNIVERGE SV9000 series has received the 2015 INTERNET TELEPHONY Product of the year award. The new offerings include the SV9100, SV9300, and SV9500 platforms, managing customers from small and mid-sized businesses (SMBs) to large enterprise customers. Also being announced are new terminals, including the DT800 and DT400 series, as well as the UT880, an innovative new-generation desk phone integrating a traditional desktop phone and an Android tablet into one device.
Fortran Corp Announces Results for Quarter Ending September 30th 2014
PR Newswire - Wed Nov 12, 11:18PM CST
Fortran Corporation (OTC: FRTN) a leading communications systems integrator announced financial results for the quarter ending September 30th 2014 compared to the same quarter 2013. Financial highlights for the quarters respectively were:
Fortran Corporation Subsidiary Deploys New NEC UNIVERGE(R) SV9000 Series Communications Servers
PR Newswire - Thu Oct 02, 2:35PM CDT
Fortran Corporation (OTC: FRTN) subsidiary, The New Telephone Company, Inc. is one of the first dealers in the Southeastern region of the US to deploy two of the new NEC SV9100 Unified Communications (UC) platforms to two of its clients. NEC (NEC) (TOKYO:6701) a leading technology integrator of networking and communications solutions, announced yesterday the launch of the UNIVERGE SV9000 series, their latest line of communications servers. The new offerings include the SV9100, SV9300, and SV9500 platforms, managing customers from small and mid-sized businesses (SMBs) to large enterprise customers. Also being announced are new terminals, including the DT800 and DT400 series, as well as the UT880, an innovative new-generation desk phone integrating a traditional desktop phone and an Android tablet into one device.
Fortran Corporation To Acquire Subsidiary AND 80% of Tower Performance, Inc.
PR Newswire - Mon Nov 16, 2:19PM CST
Fortran Corporation's (OTC: FRTN) agreed to purchase New TPI, LLC, a North Carolina Limited Liability Company owning 80% of the corporate stock of Tower Performance, Inc. (TPI). TPI is a New Jersey Corporation with average gross annual revenues of $13,600,000 and average annual gross profits of $3,500,000 per year over the last five (5) years. Upon completion of the sale and transfer of 100% of NEW TPI, LLC's ownership to Fortran, the transaction is expected to increase shareholder equity value and likely will be accretive to Fortran's earnings. Fortran's Chief Executive Officer, Douglas W. Rink (Rink) believes that the transaction is consistent with the Fortran's goal to acquire businesses intended to grow and diversify Fortran. Fortran will consolidate TPI's annual revenues, which based on historic performance, should grow Fortran from $2,100,000 in FYE 2012, to over $16,000,000 annually. The consolidated financials will be included in the 2nd quarter ending December 31st 2015, expected to be filed on or before February 15th 2016.
Fortran Corp Announces Results for Quarter Ending December 31st 2014
ACCESSWIRE - Tue Feb 10, 6:01AM CST
HICKORY, NC / ACCESSWIRE / February 10, 2015 / Fortran Corporation (OTC: FRTN) a leading communications systems integrator and service provider announced financial results for the quarter ending December 31st 2014 compared to the same quarter 2013. Financial highlights for the quarters respectively were:
Fortran Corporation Subsidiary Deploys over 20 NEC UNIVERGE(R) SV9000 Series Communications Servers
ACCESSWIRE - Fri Feb 06, 3:45PM CST
HICKORY, NC / ACCESSWIRE / February 6, 2015 / Fortran Corporation (OTC: FRTN) subsidiary, The New Telephone Company, Inc. is one of the first dealers in the Southeastern region of the US to deploy 20 of the new NEC SV9100 Unified Communications (UC) platforms to its clients including McDowell County Schools, Catawba County Schools and the Catawba County Science Center. NEC (NEC) (TOKYO:6701) a leading technology integrator of networking and communications solutions, also announced today the UNIVERGE SV9000 series has received the 2015 INTERNET TELEPHONY Product of the year award. The new offerings include the SV9100, SV9300, and SV9500 platforms, managing customers from small and mid-sized businesses (SMBs) to large enterprise customers. Also being announced are new terminals, including the DT800 and DT400 series, as well as the UT880, an innovative new-generation desk phone integrating a traditional desktop phone and an Android tablet into one device.
Fortran Corp Announces Results for Quarter Ending September 30th 2014
PR Newswire - Wed Nov 12, 11:18PM CST
Fortran Corporation (OTC: FRTN) a leading communications systems integrator announced financial results for the quarter ending September 30th 2014 compared to the same quarter 2013. Financial highlights for the quarters respectively were:
Fortran Corporation Subsidiary Deploys New NEC UNIVERGE(R) SV9000 Series Communications Servers
PR Newswire - Thu Oct 02, 2:35PM CDT
Fortran Corporation (OTC: FRTN) subsidiary, The New Telephone Company, Inc. is one of the first dealers in the Southeastern region of the US to deploy two of the new NEC SV9100 Unified Communications (UC) platforms to two of its clients. NEC (NEC) (TOKYO:6701) a leading technology integrator of networking and communications solutions, announced yesterday the launch of the UNIVERGE SV9000 series, their latest line of communications servers. The new offerings include the SV9100, SV9300, and SV9500 platforms, managing customers from small and mid-sized businesses (SMBs) to large enterprise customers. Also being announced are new terminals, including the DT800 and DT400 series, as well as the UT880, an innovative new-generation desk phone integrating a traditional desktop phone and an Android tablet into one device.
