First Communications, Inc. and Renaissance Acquisition Corp. Announce Conference Call Details To Discuss Proposed Merger
19 Septiembre 2008 - 10:30AM
Business Wire
First Communications, Inc. (AIM: FCOM) ("First Communications") and
Renaissance Acquisition Corp. (AMEX: RAK) (�Renaissance�) today
confirmed a joint conference call to discuss the definitive merger
agreement announced September 15, 2008. The call will be held on
Monday, September 22, 2008, at 10 a.m. Eastern Time and will be
open to the public. To listen to the call, dial 1-888-239-5348
(within the U.S.) or 1-913-312-1300 (outside the U.S.) at least 10
minutes before the conference call begins and reference the
passcode 4407086. A replay of the call will be available beginning
at 1 p.m. Eastern Time on September 22, 2008. To access the replay,
dial 1-888-203-1112 (within the U.S.) or 1-719-457-0820 (outside
the U.S.) and reference the passcode 4407086. The call will also be
webcast and can be accessed at the First Communications website at
www.firstcomm.com. A copy of the management presentation will be
posted on the site prior to the start of Monday�s conference call.
The replay of the webcast and the call will be available through
midnight on September 29, 2008. About First Communications First
Communications is a leading competitive local exchange carrier in
the Midwestern United States. Founded in 1998, First Communications
has built a highly scalable telecommunications platform,
infrastructure and support system, which represents a combination
of world-class technology, and cutting-edge product offerings.
First Communications has over 214,000 customers, owns 3,500 miles
of fiber and owns and manages 327 wireless towers leased to 420
tenants, with contractual rights and significant opportunity to
increase the number of towers. First Communications is led by a
strong management team that has operated telecom companies
throughout all cycles of the telecommunications market. About
Renaissance Renaissance is a �blank check� company formed to
acquire, through a merger, capital stock exchange, asset
acquisition, reorganization or similar business combination, one or
more businesses, which it believes has significant growth
potential. In 2007, Renaissance through its initial public offering
raised, net of fees and expenses, approximately $107 million which
included $2.1 million in a private placement of warrants.
Renaissance has dedicated its time since the initial public
offering to seeking and evaluating business combination
opportunities. Forward-looking Statements This press release
contains statements relating to future results of First
Communications and Renaissance (including certain projections and
business trends, and statements which may be identified by the use
of the words �may�, �intend�, �expect� and like words) that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from those projected as a result of certain risks and
uncertainties. For First Communications, these risks and
uncertainties include, but are not limited to its ability to
successfully consummate the acquisition of Globalcom, to integrate
the Globalcom business and to realize the expected synergies and
benefits of the transaction; First Communications� ability to
remain competitive in its business; its ability to maintain its
relationships with local exchange carriers and with its customers;
its ability to remain competitive with respect to both its services
and its prices, in particular, in a consolidating industry; First
Communications� ability to service its debt and to raise capital if
necessary; system disruptions; the ability to retain management and
key personnel, and others. For Renaissance, factors include, but
are not limited to: the successful combination of Renaissance with
First Communications' business, the ability to retain key personnel
and the ability to achieve stockholder and regulatory approvals and
to successfully close the transaction. Additional information on
these and other factors that may cause actual results and
Renaissance�s performance to differ materially is included in the
Renaissance�s periodic reports filed with the SEC, including but
not limited to Renaissance�s Form 10-K for the year ended December
31, 2007 and subsequent Form 10-Q. Copies may be obtained by
contacting Renaissance or the SEC. Renaissance and First
Communications caution readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Renaissance and First Communications do not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement to reflect any change in
their expectations or any change in events, conditions or
circumstance on which any such statement is based, except as
required by law.
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