Able Telcom Holding Corp. Extends Final Payment Date With Worldcom, Inc.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 31, 1998--Able Telcom Holding Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABTE ABTE Advanced BiCMOS Technology/Enhanced Transceiver Logic (family of logic integrated circuits) ABTE applications barrier to entry ABTE Auto Body Technology (course) ) announced today that they have agreed with WorldCom, Inc. (NASDAQ: WCOM WCOM MCI/Worldcom (stock symbol) WCOM Windows Component Object Model WCOM Wireless Communication ) to extend the final payment date relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the acquisition of MFSNT to September 17, 1998. "We believe that a resolution to the conclusion of the transaction can be achieved that is fair and equitable to the entities involved. While Able is confident that a mutual resolution regarding the contract terms and conditions can be achieved, Able has begun to pursue financing alternatives that will enable us to meet any cash requirement upon completion of the review by the independent third party, if such review is needed. Preferred Capital Markets, Inc. has been retained by Able as financial advisors in obtaining this funding," stated Gideon Taylor, Chairman of the Board of Able Telcom. Able Telcom Holding Corp., through its subsidiaries, is one of the leading service companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in planning, developing,building and maintaining the communications infrastructure for an array of applications, including telecommunications, traffic management and cable television systems designed to meet the world's expanding information requirements The information needed to support a business or other activity. Systems analysts turn information requirements (the what and when) into functional specifications (the how) of an information system. . Statements about the company's future expectations, including future revenue and earnings, and all other financial statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets and profitability, the company's actual results could differ materially from expected results.
CONTACT: Eskew & Associates
Scott Eskew, 561/681-4858
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