Proshares Ultrashort Telecommunications (AMEX:TLL)
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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.