Another infamous After The Bell MTON press release:
AirTouch Extends Contracts With Metro One Telecommunications
PORTLAND, Ore., May 24 /PRNewswire/ -- Metro One Telecommunications, Inc. (Nasdaq: MTON), the leading provider of Enhanced Directory Assistance(R) (EDA) to the telecommunications industry, today announced that its contracts with AirTouch Communications (NYSE: ATI) to provide EDA services have been extended through 2000. The contracts, which were to expire during 1999, cover EDA services for AirTouch subscribers in Phoenix, Seattle, Denver, Minneapolis, Portland and other western U.S. markets.
"We are pleased to extend our relationship with this important customer," said Timothy A. Timmins, president and chief executive officer of Metro One Telecommunications. "These contract extensions reflect Metro One's ability to add value to our customers by providing customized EDA services on a localized basis. We look forward to working with AirTouch as we continue to provide our service to their rapidly growing subscriber base."
AirTouch Communications is the largest wireless company in the world based on the more than 40 million customers served by its global ventures. AirTouch has more than 17 million customers based on its ownership share in cellular, paging, and personal communications services in the United States, Belgium, Egypt, Germany, India, Italy, Japan, Poland, Portugal, Romania, South Korea, Spain, and Sweden, as well as the Globalstar satellite system. On January 15, 1999, AirTouch and Vodafone Group Plc announced a definitive agreement to merge. If consummated, the transaction would result in the creation of a global wireless company with more than 27 million customers in 23 countries. The transaction is targeted to close in the second half of 1999.
Metro One Telecommunications, Inc. is recognized as the pioneer in the development of Enhanced Directory Assistance services for the telecommunications industry. The company operates a network of eighteen strategically located call centers throughout the U.S. The company handled approximately 71 million requests for directory assistance on behalf of its carrier customers for 1998. For more information, visit the Metro One Telecommunications Web site at metro1.com.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, increased competition, expiration of EDA contracts, the rapidly changing telecommunications market, changes in pricing policies by the company or its competitors, lengthy sales cycles, lack of market acceptance or delays in the introduction of new versions of the company's products or features, the timing of the initiation of wireless services in the new market areas by telecommunications customers, the timing and expense of the company's expansion of its nationwide call center network and other factors detailed in the company's Securities and Exchange Commission filings, including its most recent Form 10-Q dated May 3, 1999 and Form 10-K for the year ended December 31, 1998. The forward-looking statements should be considered in light of these risks and uncertainties.
SOURCE Metro One Telecommunications, Inc.
CO: Metro One Telecommunications, Inc.; AirTouch Communications
ST: Oregon, California
IN: TLS
SU: CON
05/24/99 16:15 EDT prnewswire.com |
