Business
Fortran Corporation Signs LOI
Fortran Corporation Signs LOI.
About this update from Fortran Corp.
[{"type":"text","content":"\n CONOVER, N.C., 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 that the acquisition of Intech Systems of South Carolina will increase our market share in South Carolina and surrounding areas and add revenue that will enhance our bottom line numbers,\" stated President Kent Greer. Intech Systems of South Carolina is headquartered in Columbia, South Carolina and provides telecommunication sales, installation, and services focused in 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 telecommunication system integrator dedicated to designing, implementing and maintaining complex telecommunications solutions focused on cloud based and AI services.  Fortran is comprised of engineering and design, network services, sales, remote monitoring, and on-site service.  For more information, contact us at: [email protected]. Visit us at www.fortrancorp.com Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Statements and information contained in this communication that refer to or include Fortran's estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran's current perspective of existing trends and information as of the date of the communication.  Forward looking statements generally will be accompanied by words such as \"anticipate,\" \"believe,\" \"plan,\" \"could,\" \"should,\" \"estimate,\" \"expect,\" \"forecast,\" \"outlook,\" \"guidance,\" \"intend,\" \"may,\" \"might,\" \"will,\" \"possible,\" \"potential,\" \"predict,\" \"project,\" or other similar words, phrases or expressions.  Such forward-looking statements include, but are not limited to, statements about 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 enhance its bottom line numbers.  Fortran's expects that it will complete the acquisition of Intech Systems of South Carolina in the first quarter of 2025.  It is important to note that Fortran's ...