Teletouch Moves Corporate Headquarters Address to Its Parent Holding Company's Fort Worth, Texas Offices; Operations Group Relo
April 04 2006 - 10:03AM
Business Wire
Teletouch Communications, Inc. (AMEX: TLL) announced today that it
moved its corporate headquarters address to the Fort Worth,
Texas-based facility owned by its parent holding company,
Progressive Concepts Communications, Inc. ("PCCI"). The new
corporate headquarters address is 5718 Airport Freeway, Fort Worth,
Texas, 76117. Contact numbers for Teletouch Corporate offices
remain 800.232.3888 and Investor Relations at 817.654.6225.
Teletouch two-way radio and related operations have relocated to
its corporately owned facility in Tyler, Texas, at 2121 Old
Henderson Highway, Tyler, TX 75702. To reach this facility
directly, please call 903.595.8836. Teletouch CEO, Thomas A. "Kip"
Hyde, Jr., stated, "With more than sufficient space to house the
Company's operations primarily in corporate-owned facilities, we
are able to eliminate a material annual rent expense. In addition,
the proximity to our corporate parent may provide further
opportunities to consolidate costs, as well as generate new
prospects for Teletouch sales and long-term growth." About PCCI
Fort Worth, Texas-based, Progressive Concepts Communications, Inc.
("PCCI") is a private company holding controlling interests in a
number of operating entities, the largest consisting of privately
held Progressive Concepts, Inc. ("PCI"), and publicly held
Teletouch Communications, Inc. (AMEX: TLL). PCI is a leading
distributor, reseller and billing provider of Cingular(R) Wireless
services to consumer, business, and government customers. In
continuous operation for over 30-years, PCI also operates the Hawk
Electronics chain of retail stores and other related entities.
Additional information about PCCI's individual business units can
be found at the companies' web sites:
http://www.hawkelectronics.com and http://www.teletouch.com. About
Teletouch Communications, Inc. Teletouch offers a comprehensive
suite of telecommunications services to enterprise users, including
cellular, two-way radio communications, GPS-telelmetry and wireless
messaging services throughout the United States. TLL acquires,
bills and supports a large, primarily business and government base
of subscribers, under its own network of FCC licensed spectrum in
Texas, Louisiana, Arkansas, Oklahoma, Alabama, Missouri,
Mississippi, Tennessee, and Florida. Teletouch's common stock is
traded on the American Stock Exchange under stock symbol: TLL. 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 statement.
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