Proshares Ultrashort Telecommunications (AMEX:TLL)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Proshares Ultrashort Telecommunications Charts. Click Here for more Proshares Ultrashort Telecommunications Charts.](/p.php?pid=staticchart&s=A%5ETLL&p=8&t=15)
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.