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TLL Proshares Ultrashort Telecommunications

58.40
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Proshares Ultrashort Telecommunications AMEX:TLL AMEX Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 58.40 0 01:00:00

Teletouch Moves Corporate Headquarters Address to Its Parent Holding Company's Fort Worth, Texas Offices; Operations Group Relo

04/04/2006 4:03pm

Business Wire


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.

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