CONOVER, NC, Feb. 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Fortran Corporation (OTC: FRTN) is pleased to announce that for the six month period ending December 31, 2018, our Telecom Service segment increased revenues by 17 percent to approximately $677,000 compared to the previous year six month period ending December 31, 2017.
Revenues increased 27 percent for the period ending December 31, 2018, over the period ending September 30, 2018.
Our Cooling Tower Service segment increased revenues 24 percent to approximately $2.3 million for the three month period ending December 31, 2018 compared to the three month period ending September 30, 2018.
Fortran Corporation is also pleased to announce the appointment of Dayne Miller to become our permanent CFO, effective February 11, 2019. Mr. Miller brings his years of experience in accounting and SEC compliance to this position that will further enhance the Fortran Corporation’s Corporate management team.
About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales , remote monitoring, and on-site services. In October 2015, Fortran acquired an 80% interest in Tower Performance Construction, Inc. and Tower Performance, Inc., with offices in Texas, New Jersey and Pennsylvania. For more information contact us at: info@fortrancorp.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, the matters discussed in this press release are forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Fortran Corporation could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, fluctuation in operating results, the ability of Fortran Corporation to compete successfully and other events, factors and risks previously and from time to time disclosed in Fortran Corporation’s filings with the OTC Markets Group including, specifically, those factors set forth in any “Risk Factors” section contained in such filings.