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Cellular Communications of Puerto Rico, Inc. Announces Preliminary Record Operating Results for Third Quarter 1998.


NEW YORK--(BUSINESS WIRE)--Sept. 15, 1998--Cellular Communications of Puerto Rico, 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
: CLRP CLRP Constrained Long-Range Plan (transportation planning)
CLRP Command Logistics Review Program
) announced today selected projected operating results for the three months ended September 30, 1998. The Company plans a full release of operating results at a later date.

Record Operating Results and Subscriber Growth

Based on results to date, the Company believes EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  (Earnings before Interest, Taxes, Depreciation and Amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
:EBITDA = Operating Revenue – Operating Expenses + Other Revenue
) (before corporate expenses and losses from businesses spun out in September) will be above $17 million (a record level) for the third quarter 1998.

For further information contact: Stanton Williams, Chief Financial Officer or Richard J. Lubasch, Senior Vice President-General Counsel at (212) 906-8485.

CONTACT: Stanton Williams

Richard J. Lubasch

212/906-8485
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Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 15, 1998
Words:115
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