Teletouch Expands Its Paging Coverage Into the Land of Peaches
23 June 2004 - 5:02AM
PR Newswire (US)
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/
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