Printer Friendly

VANGUARD CELLULAR SYSTEMS ANNOUNCES FORMATION OF SUBSIDIARY

 VANGUARD CELLULAR SYSTEMS ANNOUNCES FORMATION OF SUBSIDIARY
 GREENSBORO, N.C., Feb. 4 /PRNewswire/ -- Vanguard Cellular Systems, Inc. (NASDAQ-NMS: VCELA) announced today the formation of a new wholly-owned subsidiary company through which it will market its "Flexcell" cellular billing and management information system. The subsidiary company, Teleflex Information Systems, Inc., offers flexible billing, reporting and business system integration capabilities for the rapidly growing cellular industry.
 Flexcell began as an in-house billing system for Vanguard Cellular's own customer base. Initially conceived in 1988, the first versions of the comprehensive management information system were completed and implemented in 1990. Currently, Vanguard Cellular is producing more than 65,000 customer bills in-house each month utilizing the Flexcell system, and has significantly reduced billing cycle time, bad debt, and personnel requirements for customer service. Through Teleflex Information Systems, Inc., the company plans to market its billing services and/or software to other telecommunications operators in the United States and overseas.
 "Initially, we were looking for an affordable billing system with the flexibility to both accommodate explosive subscriber growth and maintain operating integrity in a rapidly changing marketing environment," recalled Vanguard Executive Vice President and Chief Operating Officer Steve Leeolou. "It became evident that to meet our criteria, we would have to do it ourselves," he added. "Flexcell has proven to be so reliable and cost effective to us and to our customers that we are now prepared to offer it to other carriers."
 Teleflex Information Systems, Inc. will demonstrate the capabilities of its Flexcell software and offer additional information at the Cellular Telecommunications Industry Association Winter Meeting and Exposition, to be held, Feb. 11-13, 1992 in New Orleans.
 Teleflex Information Systems, Inc. and its parent company, Vanguard Cellular Systems, Inc. are located in Greensboro, North Carolina .
 -0- 2/4/92
 /CONTACT: Stan Haines, Vanguard Cellular Systems, Inc., 919-545-2100/
 (VCELA) CO: Vanguard Cellular Systems, Inc.; Teleflex Information Systems,
 Inc. ST: North Carolina IN: TLS SU: PDT


DF -- CH008 -- 6829 02/04/92 15:49 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 4, 1992
Words:329
Previous Article:TELEFLEX DECLARES DIVIDEND
Next Article:SMITH ELECTED PRESIDENT OF BANK ONE, STURGIS
Topics:


Related Articles
VANGUARD CELLULAR REPORTS RECORD FIRST QUARTER RESULTS
MOTOROLA AND U S WEST EXPAND JOINT MARKETING AGREEMENT FOR DISTRIBUTION OF MOTOROLA'S VANGUARD FRAD
Vanguard Cellular Completes Acquisition Of NationPage
Metrocall Signs Strategic Partnership With Vanguard Cellular Systems
Triton PCS Completes Acquisition of South Carolina Property From Vanguard Cellular Systems for $160 Million
AT&T Announces $1.5 Billion Merger with Vanguard Cellular Systems.
The Vanguard Group is Not Being Acquired by AT&T.
Vanguard Cellular Systems Announces Timing Of AT&T Transaction Proxy Mailing.
/FROM PR NEWSWIRE CHARLOTTE 704-338-9366/ TO BUSINESS EDITOR:.
Vanguard Cellular Systems Announces Shareholders' Approval of Merger With AT&T.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters