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Teletouch Expands Its Paging Coverage Into the Land of Peaches
Teletouch Purchases Assets of Paging Network Inc., Increases Coverage Area Into
Georgia
TYLER, Texas, June 22 /PRNewswire-FirstCall/ -- In a bid to further expand
paging coverage and increase service availability for its customers, Teletouch
Communications (AMEX:TLL) has purchased the paging assets of Paging Network
Inc. (PNI). The acquisition provides Teletouch with new licenses and
infrastructure throughout Georgia and portions of Tennessee, Alabama and
Mississippi. The acquisition also gives Teletouch 25,000 additional paging
customers and adds revenue to the company's core paging business.
"At Teletouch, we're always looking for ways to offer more and better service
to our customers," said Teletouch President Kernan Crotty. "When we learned of
this opportunity to purchase PNI's assets, we recognized the significant
coverage increase it would enable us to provide our customers, and we took
action immediately."
Teletouch purchased the Northeastern and Southeastern operating regions of PNI
for $225,000 at auction. After subsequently reselling the Northeastern region,
as well as several pieces of excess equipment, Teletouch will recover most of
its initial investment. The remaining assets include major coverage hubs in
Atlanta, Augusta, Columbus and Macon -- all in Georgia; Chattanooga, Tennessee;
Birmingham, Alabama; and points in Mississippi. Teletouch will use these
service hubs to expand its paging coverage area, further improving service
availability for its customers.
"PNI had some of the best paging service in Georgia, and Teletouch will ensure
that existing and new customers will continue to enjoy that high level of
service quality," Crotty said. "In addition, those paging customers will no
longer have to worry about the specter of bankruptcy that plagued PNI for so
long. They now can rest easy in the knowledge that they are served by a
company that has been in the business for more than 40 years."
About Teletouch Communications Inc.
In the wireless business for 40 years, Teletouch Communications Inc., based in
Tyler, Texas, provides a host of paging, two-way radio and cellular services.
Teletouch also is the parent company of Visao Systems, which provides wireless
telemetry products and services to business and government customers. More
information can be found on Teletouch's Web site: http://www.teletouch.com/ .
Contact:
Michelle Metzger
M/C/C
972-480-8383 x. 231
DATASOURCE: Teletouch Communications Inc.
CONTACT: Michelle Metzger of M-C-C, +1-972-480-8383, ext. 231, or
, for Teletouch Communications Inc.
Web site: http://www.teletouch.com/