American Communications Projects 2001 & 2002 Earnings
American Communications Projects 2001 & 2002 Earnings
Business Editors
SARASOTA, Fla.--(BUSINESS WIRE)--Jan. 4, 2001--American
Communications, Inc. (OTCBB:ACEN) announced today that upon exercise
of its Note Purchase Agreement with Swift Telecommunications, Inc.
("STI"), the company anticipates quarterly revenues and earnings as
follows:
-0-
*T
Q1 2001 Q2 2001 Q3 2001 Q4 2001 Total 2001
Revenues $35,018,600 $35,657,900 $36,044,200 $36,726,900 $143,447,600
EBITDA $ 4,630,000 $ 7,867,200 $ 9,235,000 $ 9,519,300 $ 31,251,400
Q1 2002 Q2 2002 Q3 2002 Q4 2002 Total 2002
Revenues $37,403,200 $38,284,700 $38,983,700 $39,822,400 $154,493,900
EBITDA $ 8,910,300 $ 9,333,200 $ 9,649,100 $ 9,019,800 $ 37,905,300
*T
The Company expects to complete the acquisition of Swift
Telecommunications, Inc. during the first quarter of 2001. The above
projected results are based upon the consummation of the acquisition
of STI by ACEN, which is subject to certain conditions that are
currently being completed by ACEN. The Company believes that these
conditions will be satisfied, and the acquisition of STI will be
consummated within the terms of the Agreement. The above revenues and
earnings only take into account what the company expects to generate
by completing the acquisition of STI, and do not take into account
other potential transactions.
For additional information about American Communications, please
visit the Company's web site at www.americonnex.com, or call Steve
Wagoner at 941/923-1949 for a free Investor Package.
Certain statements included in this press release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could differ
materially from such statements expressed or implied herein. Factors
that might cause such a difference include, among others, failure to
satisfy conditions necessary for the acquisition of STI, competitive
pressures, the company's ability to successfully implement traffic,
constantly changing technology, associated with recently formed
entities. As a result, this press release should be read in
conjunction with the Company's periodic filings with the SEC.
--30--mw/mi*
CONTACT: American Communications, Sarasota
Steve Wagoner, 941/923-1949
www.americonnex.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
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