Teletouch Communications to Reschedule its Special Stockholders Meeting
February 17 2006 - 7:00AM
Business Wire
Tyler, Texas-based Teletouch Communications, Inc. (AMEX:TLL)
announced today that it is postponing its special stockholders
meeting that was tentatively scheduled to take place on March 1,
2006, in Dallas, Texas, until a later date. This determination was
made in light of the Company's recent receipt of the Securities and
Exchange Commission (SEC) staff comments on its Preliminary Proxy
Statement (PRE14A) filed with the SEC on January 5, 2006. The
comments received were primarily related to asking the Company to
provide clarifications and further financial disclosures related to
the proposed paging assets sale transaction. The Company is
currently preparing its responses and decided to delay the special
stockholders meeting until the SEC comment process is complete,
after which the Company may proceed with the filing and
distribution of the revised proxy solicitation materials. Teletouch
CEO, T. A. "Kip" Hyde, Jr. stated, "Based on our initial review of
the staff's comments, we expect to have our response completed in
the near future. Once the natural course of this presentation and
review process is completed, we will be in a position to reset and
announce our shareholder record and meeting dates and move forward
with the proposed sale." About Teletouch Teletouch offers data and
communication network management for telemetry and GPS-location
based mobile asset monitoring, as well as cellular, two-way radio
communications and wireless messaging services throughout the
United States. Teletouch's common stock is traded on the American
Stock Exchange under stock symbol: TLL. Additional business and
financial information on Teletouch is available at
www.Teletouch.com. All statements in this news release that are not
based on historical fact are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
and the provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (which Sections were adopted as part of the Private
Securities Litigation Reform Act of 1995). While management has
based any forward-looking statements contained herein on its
current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a
number of risks, uncertainties, and other factors, many of which
are outside of our control, that could cause actual results to
materially differ from such statements. Such risks, uncertainties,
and other factors include, but are not necessarily limited to,
those set forth under the caption "Additional Factors That May
Affect Our Business" in the Company's most recent Form 10-K and
10-Q filings, and amendments thereto. In addition, we operate in a
highly competitive and rapidly changing environment, and new risks
may arise. Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. We
disclaim any intention to, and undertake no obligation to, update
or revise any forward-looking statements.
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