Arguss Holdings Announces Turnkey Contract With TCI.ROCKVILLE, Md.--(BUSINESS WIRE)--May 13, 1998--Arguss Holdings, Inc. (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 :ARGX) announced today that Arguss Communications Group (including White Mountain Cable Construction Corp. and its operating divisions: Can Am Construction, Schenck Communications, TCS (Transportation Control System) A widely used integrated information system for railroad transportation developed by the Missouri Pacific Railroad Company in the late 1960s and early 1970s. It was later implemented by Union Pacific when the companies merged. Communications and Rite Cable Construction) has been selected by Tele-Communications, Inc. (TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. ) to provide turnkey construction services for its system in Portland, Oregon. The project will begin by the third quarter of 1998 and extend over a period of years. Ken Olsen Kenneth Harry Olsen (born on February 20, 1926) is an American engineer who co-founded Digital Equipment Corporation (DEC) in 1957 with colleague Harlan Anderson and venture capital provided by Georges Doriot's American Research and Development Corporation. , President of the Arguss Communications Group, noted that, "We are delighted that TCI has selected the Arguss Communications Group to build its networks in this market. We hope to exceed their expectations for quality work within the aggressive timetable." With this contract and the several others we have obtained over the past few months, we are executing our strategy to transition into long-term regional relationships that require contractors with financial substance and management depth to complete. We believe that this strategy and our effort to geographically diversify our operation throughout the United States will give the company steady long-term earnings growth. While establishing these relationships, however, there have been significant transition costs incurred by the company as we enter these new geographic locations. Certain statements contained herein are "forward-looking" statements (as such 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). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. Arguss Holdings, Inc. (NASDAQ:ARGX) is a holding company that conducts its operations through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , White Mountain Cable Construction Corp. and Conceptronic, Inc. White Mountain Cable is engaged in the construction, reconstruction, maintenance, repair and expansion of communications systems, cable television and data systems, including providing aerial construction and splicing splicing /splic·ing/ (spli´sing) 1. the attachment of individual DNA molecules to each other, as in the production of chimeric genes. 2. RNA s. of both fiber optic and coaxial cable to major telecommunications customers. Conceptronic is a leading worldwide manufacturer of highly advanced, computer-controlled capital equipment used in the electronic, SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management circuit assembly industry. CONTACT: Arguss Holdings, Inc. Haywood Miller 301-315-0027 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion