Fortran Announces Appointment of Kent Greer as Chief Operations Officer
Fortran Corporation (OTC: FRTN) has appointed F. Kent Greer as Chief Operations Officer, transitioning from his previous role as General Manager since July 2018. This strategic move aims to enhance day-to-day operations while allowing President and CEO Glenn Withers to focus on long-term strategic growth and mergers. Fortran, a telecommunications systems integrator, is shifting its subsidiary companies towards a TaaS model to provide modern telecom solutions, offering significant savings compared to traditional systems.
- Appointment of F. Kent Greer may facilitate improved operational efficiency.
- Shift towards TaaS model expected to generate cost savings for clients.
- Potential concerns about continuity in leadership experience following management changes.
Conover, NC, May 17, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Fortran Corporation (OTC: FRTN), an emerging telecommunications technology systems integrator, is pleased to announce the appointment of F. Kent Greer as Chief Operations Officer of Fortran Corporation. Mr. Greer has been serving as the General Manager for Fortran Corporation since July of 2018.
Mr. Greer stated, “I am extremely humbled and honored for this opportunity. In this new role I look forward to continuing to execute our long-term strategic growth plans.”
“The creation of this position and the appointment of Mr. Greer to oversee all day-to-day operations of the company will allow me to devote more of my time to strategic planning and merger and acquisition analysis,” stated Glenn Withers, President and CEO.
About Fortran Corporation: Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services.
Fortran subsidiary companies include Comconexx, LLC, M & B Communication, LLC, B and L Telephone, and Fortran Communications.
Each of our subsidiary companies is in the process of converting their historical and traditional telecom business models to a TaaS model. The TaaS model that our subsidiary companies offer is comprised of design, network service, technical certifications, remote monitoring, and on-site service, with dedicated sales and engineering.
With our subsidiaries’ ability to offer these modern telecommunication technologies, we believe that companies and organizations requiring up-grades, expansion, or replacement of existing equipment will be able to realize significant savings compared to aging copper or wired digital infrastructures.
Companies can now integrate their voice platform with data network technology to improve collaboration and usability. Our subsidiary companies offer one-stop service and products to provide organizations with the very best in both value and quality for communications and data network services.
For more information contact us at: info@fortrancorp.com. Visit us at www.fortrancorp.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Statements and information contained in this communication that refer to or include Fortran’s estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran’s current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements that Mr. Greer looks forward to continuing to execute Fortran’s long- term strategic growth plans; that the appointment will allow Mr. Withers to devote more of his time to strategic planning and merger and acquisition analysis; and that Fortran believes that companies and organizations requiring up-grades, expansion, or replacement of existing equipment will be able to realize significant savings compared to aging copper or wired digital infrastructures. It is important to note that Fortran’s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran’s current expectations depending upon a number of factors affecting Fortran’s business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuation in operating results, the ability of Fortran to compete successfully and other events. These factors also include, among others, the risks associated with the COVID-19 pandemic and related public health measures on its business, customers, markets and the worldwide economy; the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran’s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran’s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time
disclosed in Fortran Corporation’s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any “Risk Factors” section contained in such fillings.
Contact: Kent Greer
Tel: 828-324-4611
Kgreer@fortrancorp.com
FAQ
What is the significance of F. Kent Greer's appointment as COO of Fortran Corporation?
What changes are Fortran Corporation's subsidiaries making to their business model?
How might the management change impact Fortran Corporation's strategic growth?
What are the expected benefits of Fortran's shift to a TaaS model?
