Board of Directors authorized reduction in conversion price of company's Class A Common Stock Purchase Warrants.FAIRFIELD, N.J.--(BUSINESS WIRE)--Dec. 24, 1996-- -- Warrants now convertible at $2.25 instead of $5.00 -- Electronics Communications 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 : ELCC) announced today that the company's Board of Directors had authorized a reduction in the conversion price of the company's Class A Common Stock Purchase Warrants (NASDAQ: ELCCW) from $5.00 to $2.25. In addition, the Board authorized changing the terms of the warrant so that the company may call the warrant if it trades at $3.60 or more, for twenty (20) consecutive days. William S. Taylor
Electronics Communications Corp., based in Fairfield, provides cellular telephone service as an agent of Bell Atlantic NYNEX Mobile in the metropolitan New York area and is and FCC Personal Communications Services See PCS. (PCS) licensee in Maine, New York Maine is a town in Broome County, New York, United States. The population was 5,459 at the 2000 census. The Town of Maine is on the western border of the county and is northwest of Binghamton. and Vermont, having been awarded six (6) PCS licenses at a recently concluded FCC auction. PCS is billed as the next generation of wireless communications services. The company also is an FCC licensed paging services provider, operating a newly constructed state-of-the-art Glenayre paging network covering New Jersey, metropolitan New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Long Island and lower Connecticut. CONTACT: Electronics Communications Corp., Fairfield Les Winder, 201/808-8862 |
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