AirGate PCS, Inc., Announces Correction to Press Release.Business Editors/High Tech Writers ATLANTA--(BUSINESS WIRE)--June 22, 2000 AirGate PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Inc., (Nasdaq/NM:PCSA PCSA Primary Care Service Area PCSA Personal Computing Systems Architecture PCSA Power Crane and Shovel Association PCSA Peel Committee on Sexual Assault (Canada) PCSA Presbyterian Church of Southern Africa ), a Sprint PCS (NYSE NYSE See: New York Stock Exchange :PCS) Network Partner, issued the following correction to a press release issued earlier today, June 22, 2000. In the release, the Company announced the launch of Sprint PCS service for consumers and businesses in the Greenwood, South Carolina Greenwood is a city in Greenwood County, South Carolina, in the United States. As of the 2000 census, its population was 22,071. It is the county seat of Greenwood CountyGR6. market. The Company would like to confirm that they are in the final stages of building out the network in this market and expect to launch service in Greenwood, South Carolina in approximately six weeks. The Company regrets the error. AirGate PCS, Inc. is the exclusive manager and operator of Sprint PCS Products and Services throughout most of the state of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , including Charleston, Columbia and Greenville-Spartanburg, parts of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , including Asheville, Wilmington and Hickory, and the eastern Georgia cities of Augusta and Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. . With a territory that includes more than 7.1 million licensed POPs covering 62,000 contiguous square miles. AirGate PCS is one of the largest Sprint PCS Network Partners based on the size of the population in its territory. As a Sprint PCS Network Partner, AirGate PCS is building its own PCS network to exclusively provide 100 percent digital, 100 percent PCS products and services under the Sprint PCS brand names in its territory. Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed PCS coverage of nearly 270 million people in all 50 states, Puerto Rico and the U.S. Virgin Islands. For more information, visit the Sprint PCS web site at http://www.sprintpcs.com. Sprint PCS is a wholly-owned tracking group of Sprint Corporation trading on the NYSE under the symbol "PCS." Sprint is a global communications company at the forefront of integrating long-distance, local and wireless communications services, and a large carrier of Internet traffic. Sprint built and operates the United States' first nationwide all-digital, fiber-optic network and is a leader in advanced data communications services. Sprint has $20 billion in annual revenues and serves more than 20 million business and residential customers. Statements contained in this news release regarding expected financial results and other planned events should be considered forward-looking statements that are subject to various risks and uncertainties. Such forward looking statements are made pursuant to the "safe-harbor" provisions of 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 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in AirGate PCS' forward-looking statements, including the following factors: potential fluctuations in quarterly results, our dependence on our affiliation with Sprint PCS; an adequate supply of infrastructure and subscriber equipment; new product development; rapid technological and market change; risks related to future growth and expansion; our significant level of indebtedness and volatility of stock prices. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from AirGate PCS' forward-looking statements, please refer to AirGate PCS' filings from time to time with the Securities and Exchange Commission, especially in the "risk factors" section of AirGate PCS' Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended September 30, 1999, and Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2000, and in subsequent filings with Securities and Exchange Commission. |
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