Proshares Ultrashort Telecommunications (AMEX:TLL)
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Teletouch Communications, Inc. (AMEX:TLL) announced
today that it mobilized teams of technicians and engineers to restore
and maintain mission-critical wireless messaging communications
services for its emergency medical, utility and other customers
throughout Louisiana, Mississippi and Alabama following Hurricane
Katrina.
"Hurricane Katrina and its aftermath knocked out a significant
number of our transmitter sites in the Gulf Coast region. Most of our
transmitters in New Orleans and Gulfport were destroyed, while other
towers in the region were completely blown away. Some remaining
transmitters are still under water," stated T.A. "Kip" Hyde, Jr.,
Teletouch CEO. "In response, we have mobilized emergency response
teams to key tower sites in Louisiana, Mississippi and Alabama."
"Our hospital facilities were an immediate priority, and most of
our hospital customers have continued to receive service throughout
the emergency period. We have shipped generators, rerouted switches,
lines and manned certain sites on a 24-hour basis to maintain and
restore critical communications links."
Hyde continued, "We have also been working closely with one of our
largest customers, Entergy Corporation (NYSE:ETR), a leading power
company in the region, to assure that they have vital communications
service in markets that were hardest hit by Katrina. Our goal was to
provide critical communications coverage to their crews in the field
as quickly as possible. Entergy continues to make steady progress, and
has restored power to nearly 674,000 customers."
For the most recent updates and details on Entergy's comprehensive
power restoration efforts, please go to http://www.entergy.com/corp.
"At this time, I'm pleased to report that Teletouch's wireless
messaging services have been restored to much of the original service
area impacted by the storm. The devastation caused by Katrina and its
aftermath is almost immeasurable. Our hearts go out to all of the
affected families, workers and victims of this catastrophic event. We
will continue to focus on restoring communications services throughout
the affected areas to assist our customers, especially emergency
personnel and the Entergy crews that are working to restore gas and
electric power in the region," concluded Hyde.
About Teletouch
Teletouch Communications, Inc., a proven U.S. leader in wireless
messaging and related network management, provides a complete suite of
mobile asset tracking solutions using sophisticated, yet
cost-effective GPS-based hardware and software products for fleets,
hazardous materials and "worker-down" emergency notification
applications. In addition to its telemetry business, Teletouch offers
two-way radio communications, cellular and wireless messaging services
throughout the United States. Teletouch's common stock is traded on
the American Stock Exchange under stock symbol: TLL. Additional
product, business and financial information for Teletouch is available
at www.Teletouch.com.
This release contains certain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Exchange Act, as amended, that are based on
management's exercise of business judgment as well as assumptions made
by and information currently available to management. When used in
this document, the words "may," "will," "anticipate," "believe,"
"estimate," "expect," "intend" and words of similar import are
intended to identify any forward-looking statements. You should not
place undue reliance on these forward-looking statements. Negotiations
with respect to the transaction that are the subject of this release
are ongoing and may result in significant modifications to the
transaction. There can be no assurance that the transaction that is
the focus of this release will be concluded, or if concluded that it
will be concluded on terms currently contemplated. These statements
reflect our current view of future events and are subject to certain
risks and uncertainties as noted in our securities and other
regulatory filings. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, our
actual results could differ materially from those anticipated in these
forward-looking statements. We undertake no obligation and do not
intend to update, revise or otherwise publicly release any revisions
to these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of any
unanticipated events. Although we believe that our expectations are
based on reasonable assumptions, we can give no assurance that our
expectations will materialize. Many factors could cause actual results
to differ materially from our forward-looking statements.