American Communications Projects 2001 & 2002 Earnings.Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--Jan. 4, 2001 American Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACEN ACEN Anglican Communion Environmental Network ACEN Assembly of Captive European Nations ) announced today that upon exercise of its Note Purchase Agreement with Swift Telecommunications, Inc. ("STI STI systolic time intervals. "), the company anticipates quarterly revenues and earnings as follows:
Q1 2001 Q2 2001 Q3 2001 Q4 2001 Total 2001
Revenues $35,018,600 $35,657,900 $36,044,200 $36,726,900 $143,447,600
EBITDA $ 4,630,000 $ 7,867,200 $ 9,235,000 $ 9,519,300 $ 31,251,400
Q1 2002 Q2 2002 Q3 2002 Q4 2002 Total 2002
Revenues $37,403,200 $38,284,700 $38,983,700 $39,822,400 $154,493,900
EBITDA $ 8,910,300 $ 9,333,200 $ 9,649,100 $ 9,019,800 $ 37,905,300
The Company expects to complete the acquisition of Swift Telecommunications, Inc. during the first quarter of 2001. The above projected results are based upon the consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the acquisition of STI by ACEN, which is subject to certain conditions that are currently being completed by ACEN. The Company believes that these conditions will be satisfied, and the acquisition of STI will be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. within the terms of the Agreement. The above revenues and earnings only take into account what the company expects to generate by completing the acquisition of STI, and do not take into account other potential transactions. For additional information about American Communications, please visit the Company's web site at www.americonnex.com, or call Steve Wagoner at 941/923-1949 for a free Investor Package. Certain statements included in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning 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. Actual results could differ materially from such statements expressed or implied herein. Factors that might cause such a difference include, among others, failure to satisfy conditions necessary for the acquisition of STI, competitive pressures, the company's ability to successfully implement traffic, constantly changing technology, associated with recently formed entities. As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. |
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