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UniTek Global Services, Inc. Files 2012 Annual Report On Form 10-K

BLUE BELL, Pa., Aug. 12, 2013 (GLOBE NEWSWIRE) -- UniTek Global Services, Inc. ("UniTek" or the "Company") (Nasdaq:UNTK), a premier provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, today announced that it has filed with the U.S. Securities and Exchange Commission (the "SEC") its Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (the "2012 Form 10-K").

Following the completion of the previously announced internal investigation conducted by the Audit Committee of the Company's Board of Directors, UniTek has restated its financial results for the interim periods ended March 31, 2012, June 30, 2012 and September 29, 2012, the fiscal year ended December 31, 2011, and the interim periods ended July 2, 2011 and October 1, 2011. The restated financial results for these periods are included in the 2012 Form 10-K.

"Finalizing the restatements and our 2012 audit is a significant event for UniTek. This has been a challenging period for our Company, and we continue to work towards final resolution of the issues we have dealt with over the past several months with the steadfast commitment of every member of our team," said Rocky Romanella, Chief Executive Officer of UniTek. "With the filing of the 2012 Form 10-K, we plan to complete our 2013 first and second quarter filings as soon as possible so that we can return to a normal reporting schedule."

Mr. Romanella continued, "Over the past four months, we conducted a comprehensive assessment of the strengths and weaknesses of our business and identified strategic actions and tangible process improvements to strengthen the organization. Over the next several months, we plan to introduce a series of initiatives aimed at better positioning UniTek to capture more of the untapped potential in the markets we serve. Our goal is to more effectively leverage the immense talent of our employees to deliver greater value than ever to our customers and partners and to continue building upon our uncompromising culture of integrity, flawless execution and operational excellence. We are proud of what we have accomplished and are excited to begin the next phase of our Company's development."

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