Proshares Ultrashort Telecommunications (AMEX:TLL)
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From Jul 2019 to Jul 2024
Teletouch Communications, Inc. (AMEX: TLL) announced
today that it recently completed installation of its
Passport(R)-enabled two-way Logic Trunked Radio or "LTR" network in
the Dallas/Fort Worth Metroplex area and surrounding regions. As a
result of the recent network completion, Teletouch's Two-Way Systems
sales group has already begun adding new Metroplex customers to the
Passport-enabled network.
"Our new Passport network service provides Teletouch two-way radio
customers with cellular phone-type coverage, but at much more
competitive pricing for the dispatch services many companies require,"
stated T.A. "Kip" Hyde, Jr., Teletouch CEO. "We believe that our
combination of outstanding service, price and network coverage have
been instrumental in attracting companies recently signed for the new
Passport service."
Passport-enabled radios feature a form of "follow-me roaming,"
similar to the automatic handoff of signals from tower-to-tower
characteristic of cellular radio systems. The LTR radio service
includes voice, data and voice mail capabilities. Teletouch's two-way
radio network covers territory from approximately the Louisiana state
line to the western edge of the Dallas/Fort Worth Metroplex and south
toward the Houston metro-area. For many users, two-way radio and LTR
systems can be a significant cost-reducing communications alternative
to cellular service, due to its cost-free multi-point dispatch
capability and unlimited airtime for a fixed monthly fee versus
"per-minute" and "per-user" cellular charges.
About Teletouch Communications, Inc.
Teletouch Communications provides wireless communications and
GPS-location based products and services throughout the United States.
Teletouch's common stock is traded on the American Stock Exchange
under stock symbol: TLL. Additional financial and other information
for Teletouch is available at: http://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. 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.
Passport is a registered trademark of Trident Micro Systems,
Arden, NC.