Fortran Corp Announces Results For Quarter Ending September 2013
HICKORY, N.C., Nov. 22, 2013 /PRNewswire/ -- Fortran Corporation (OTC: FRTN) a leading communications systems integrator announced financial results for the quarter ending September 30, 2013 compared to the same quarter 2012. Financial highlights for the quarters respectively were:
- Revenues totaled $877,000, increasing 80% from $488,000
- Gross profit margin improved to 60% from 40%, respectively
- Operating income increased to $104,000 from a loss of $47,162
Detailed financial statements can be found on the OTC Markets web site under ticker symbol FRTN.
About Fortran Corp.,
Fortran Corp., is a leading communications system integrator through its subsidiaries, The New Telephone Company, Inc., CCI-Telecom, Inc., B & L Telephone LLC and Fortran Communication, Inc. Fortran Corp. is dedicated to designing, sourcing, implementing and maintaining today's complex communications solutions for business and governments. Fortran services more than 3,000 clients in 2 states with 3 offices in the southeast. To learn more, please visit the Fortran Corp. website at www.fortrancorp.comDisclaimer The press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy shares of Fortran corporation in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction, and the distribution of this communication in jurisdictions may be similarly restricted. The matters discussed herein may also be affected by risk and uncertainties described from time to time in Fortran Corporation's filings with the OTC Markets News Service. The company assumes no obligation to update any forward-looking statement. SOURCE Fortran Corp.
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