Arch Wireless Announces Filing of Preliminary Joint Proxy Statement/Prospectus for Proposed Merger with Metrocall
24 Mayo 2004 - 5:14PM
PR Newswire (US)
Arch Wireless Announces Filing of Preliminary Joint Proxy
Statement/Prospectus for Proposed Merger with Metrocall
WESTBOROUGH, Mass., May 24 /PRNewswire-FirstCall/ -- Arch Wireless,
Inc. today announced that, on May 21, 2004, in connection with the
proposed business combination transaction between Arch and
Metrocall Holdings, Inc., Wizards-Patriots Holdings, Inc., the
holding company in the proposed transaction, filed with the
Securities and Exchange Commission (SEC) a registration statement
on Form S-4, which includes a preliminary joint proxy
statement/prospectus of Arch and Metrocall. In addition,
Wizards-Patriots will prepare and file a definitive joint proxy
statement/prospectus and other documents regarding the proposed
transaction with the SEC. Investors of Arch and Metrocall are urged
to read the definitive joint proxy statement/prospectus and other
relevant materials because they will contain important information
about Wizards-Patriots, Arch and Metrocall and the proposed
transaction. The definitive joint proxy statement/prospectus will
be sent to stockholders of Arch and Metrocall seeking their
approval of the proposed transaction. Investors may obtain a free
copy of these materials and other documents filed by
Wizards-Patriots, Arch and Metrocall with the Securities and
Exchange Commission at the SEC's website at http://www.sec.gov/. A
free copy of the definitive joint proxy statement/prospectus, once
it is available, also may be obtained from Arch Wireless, Inc.,
care of Gerald J. Cimmino, 1800 West Park Drive, Westborough, MA
01581, (tel.: 508-870-6006), or Metrocall Holdings, Inc., 6677
Richmond Highway, Alexandria, Virginia 22306, Attention: Shirley
White (tel.: 703-660-6677). Investors also may access free copies
of the documents filed with the SEC by Arch on Arch's website at
http://www.arch.com/ or upon written request to Arch at its address
listed above, and investors may access free copies of the documents
filed with the SEC by Metrocall on Metrocall's website at
http://www.metrocall.com/ or upon written request to Metrocall at
its address indicated above. On March 29, 2004, Metrocall and Arch
announced a merger agreement that would result in a combination of
the two businesses. That transaction is subject to several
conditions, including shareholder and regulatory approvals. Arch
Wireless, Inc., headquartered in Westborough, Mass., is a leading
wireless messaging and mobile information company with operations
throughout the United States. It offers a full range of wireless
messaging and wireless e-mail services, including mobile data
solutions for the enterprise, to business and retail customers
nationwide. Arch provides services to customers in all 50 states,
the District of Columbia, Puerto Rico, Canada, Mexico and in the
Caribbean principally through a nationwide direct sales force, as
well as through indirect resellers, retailers and other strategic
partners. Additional information on Arch is available on the
Internet at http://www.arch.com/. Statement under the Private
Securities Litigation Reform Act: Statements contained herein or in
prior press releases which are not historical fact, such as
statements regarding Arch's expectations for future reductions in
operating expenses, future subscriber and disconnect rates,
maintenance of operating margins, and consummation of the proposed
transaction with Metrocall, are forward-looking statements for
purposes of the safe harbor provisions under the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
involve risks and uncertainties that may cause Arch's actual
results to be materially different from the company's expectations
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from those
expectations include, but are not limited to, declining demand for
Arch's paging products and services, Arch's ability to continue to
reduce operating expenses and maintain operating margins, Arch's
ability to complete announced redemptions and payments on its
long-term debt, Arch's future capital needs, competitive pricing
pressures, competition from both traditional paging services and
other wireless communications services, government regulation,
reliance upon third party providers for certain equipment and
services, transaction-related risks, as well as other risks
described from time to time in Arch's periodic reports and
registration statements filed with the Securities and Exchange
Commission. Although Arch believes the expectations reflected in
the forward-looking statements are based on reasonable assumptions,
it can give no assurance that its expectations will be attained.
Arch disclaims any intent or obligation to update any
forward-looking statements. Contact: Bob Lougee (508) 435-6117
DATASOURCE: Arch Wireless, Inc. CONTACT: Bob Lougee for Arch
Wireless, Inc., +1-508-435-6117 Web site: http://www.arch.com/
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