SpectraSite Names Andy Christian as New Project Manager to Lead FDOT Wireless Tower Contract.Business Editors CARY, N.C.--(BUSINESS WIRE)--May 30, 2003 Christian to Manage All Wireless Carrier Collocation Activity on FDOT FDOT Florida Department Of Transportation Towers SpectraSite Communications today announced that Andy Christian has been named as the new Project Manager responsible for leading SpectraSite's agreement with Florida Department of Transportation The Florida Department of Transportation (FDOT) is a decentralized agency charged with the establishment, maintenance, and regulation of public transportation in the state of Florida[1]. (FDOT). In April 2000, SpectraSite acquired Lodestar lode·star also load·star n. 1. A star, especially Polaris, that is used as a point of reference. 2. A guiding principle, interest, or ambition. Towers, which had a 30-year agreement in place with FDOT to develop tower sites along 2,200 miles of FDOT rights of way. As part of that agreement, SpectraSite currently owns or manages more than 80 FDOT wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. towers, located along major highways and corridors throughout the state of Florida. Christian will serve as the main point of contact, and will manage all wireless carrier collocation activity on FDOT sites. He will also project manage the development of any new tower sites along FDOT corridors. Christian has been with SpectraSite for more than three years. He has an extensive background in the wireless industry, and has spent the last seven years working in wireless in Florida. He has strong relationships in place with all of the leading wireless carriers in the Florida market. He will continue to serve as SpectraSite's Account Executive for the state of Florida while managing the FDOT contract. "Andy will add tremendous value to both FDOT and wireless carriers throughout Florida," said Daniel C. Agresta III, Vice President of Collocation Sales for SpectraSite. "He is very familiar with the FDOT agreement and has strong relationships in place with FDOT personnel. The combination of his wireless background, industry contacts and experience in Florida make him the perfect choice for this position." Christian will work directly with FDOT to ensure that all carrier collocations are processed quickly and efficiently. This will allow the wireless carriers to have access to some of the most desirable site locations in the state of Florida. "We're seeing positive results already," Agresta added. "Since Andy became involved in the process, collocation activity on FDOT towers has increased significantly. I'm certain that the collocation activity will continue to grow as Andy works more directly with FDOT." Christian will be supported by Andrew Jewell, SpectraSite Field Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services Manager, and Tina Pendergraph, SpectraSite Collocation Manager. The address for Andy Christian's office is 13117 South U.S. Highway 441, Micanopy, FL 32667. Phone-352/870-9633. E-fax-919/468-8522. About SpectraSite, Inc. SpectraSite, Inc. (www.spectrasite.com), (Ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : SPCS SPCS School of Professional and Continuing Studies (Northeastern University) SPCS Static Power Conversion Services, Inc. (UPS and battery systems manufacturer) SPCS Stored Program Controlled Switching System ) based in Cary, North Carolina Cary is the second largest municipality in Wake County, North Carolina and the third largest municipality in The Triangle (North Carolina) behind Raleigh and Durham. It is the seventh largest municipality in North Carolina. , is one of the largest wireless tower operators in the United States. At March 31, 2003, SpectraSite owned or operated over 18,000 sites, including 7,488 towers primarily in the top 100 markets in the United States. SpectraSite's customers are leading wireless communications providers and broadcasters, including AT&T Wireless, ABC Television, Cingular, Nextel, Paxson Communications, Sprint 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. , Verizon Wireless and T-Mobile. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release and oral statements made from time to time by representatives of the Company may contain "forward-looking statements" concerning SpectraSite's future expectations, financial and operating projections, plans, strategies and the trading markets for its securities. These forward-looking statements are subject to a number of risks and uncertainties. The Company wishes to caution readers that certain factors may impact the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Such factors include, but are not limited to (i) the interest of market makers and others in maintaining an active market for SpectraSite's securities, (ii) SpectraSite's substantial capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and leverage, even after giving effect to its capital restructuring, (iii) market conditions, (iv) the Company's dependence on demand for wireless communications and related infrastructure, (v) competition in the communications tower industry, including the impact of technological developments and (vi) future regulatory actions and conditions in its operating areas. These and other important factors are described in more detail in Item 1a "Risk Factors" of the Company's Annual Report on 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 year ended December 31, 2002 and in the Company's other SEC filings and public announcements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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