Business
Lite Access Letter to Shareholders: How are we Coping with COVID-19
Lite Access Letter to Shareholders: How are we Coping with COVID-19 Canada NewsWir...
About this update from Ironman International Ltd.
[{"type":"text","content":"\n\n\n\nLite Access Letter to Shareholders: How are we Coping with COVID-19\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 20, 2020\n\n\n\nVANCOUVER, March 20, 2020 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the \"Company\") (TSX VENTURE: LTE) (OTC PINK: LTCCF) today publishes a letter to shareholders from Carlo Shimoon, President and CEO, providing an operational update and summary of measures being taken by the Company to address the current COVID-19 concerns:\nI felt it was important, particularly at this moment in time, as we face the global health pandemic of COVID-19 (coronavirus) to apprise our shareholders of the current state of Lite Access and the plan forward. Our mindset is protecting the health and safety of our staff, and those around us, and to consistently build the Company. \nOver the past several weeks, while the world works to combat this virus and manage the spread, there are challenges common to many companies around the globe. Right now, it is business as usual, as best we can, while adhering to government evolving guidelines and restrictions – such as self-isolation and travel. We are taking all the measures necessary to ensure the health and safety of all staff. To-date, Lite Access has not received any notification of closure at job sites. In light of the uncertainty and unpredictable geographic, social and economic impacts of COVID-19, we believe it is reasonable to expect that actions taken to reduce the virus' spread will affect our targeted deployment rates.   \nIn 2019, efficient operations and capital discipline remained our core focus as we worked diligently to secure a contract in the UK with proper commercial terms to position our Company for the next phase of growth. Our goal was clear and we, in fact, were able to achieve the signing of not one, but two major contracts as a construction partner for CityFibre valued at approximately $33 million.  \nThis year, our team is driven to deliver a considerable portion of our $33 million UK backlog to be completed over the next 2 years to g...