HOUSTON, March 4 /PRNewswire-FirstCall/ -- Crown Castle announced today
strong growth in new site leasing activity. For the fourth quarter of 2004,
Crown Castle continued to experience better than expected site leasing
activity and concluded the full year 2004 with more than a 40% increase in
site leasing activity as compared to 2003.
Crown Castle has postponed its 2004 earnings release and conference call
originally scheduled for March 9, 2005 and March 10, 2005, respectively, in
order to allow its independent auditor time to complete the audit of its
financial statements. The postponement relates to Crown Castle's announced
restatement of its prior years' financial statements resulting from changes in
non-cash elements of its lease accounting, as previously announced on
February 15, 2005. Crown Castle plans to complete and file its Form 10-K and
release fourth quarter and full year 2004 results no later than March 31,
2005. Crown Castle will issue a press release announcing the specific date
and time of the rescheduled fourth quarter earnings release and conference
call upon completion of the audit.
Additionally, John P. Kelly, Crown Castle's Chief Executive Officer, is
scheduled to speak Monday, March 7, 2005 at 2:15 p.m. eastern time at the
Raymond James Institutional Investors Conference. Mr. Kelly's presentation
will be broadcast live over the Internet and is expected to last approximately
30 minutes. The live audio webcast link and presentation for the conference
will be available on the Company's website at http://www.crowncastle.com ,
where it will also be archived for replay.
Crown Castle International Corp. (NYSE: CCI) engineers, deploys, owns and
operates technologically advanced shared wireless infrastructure, including
extensive networks of towers. Crown Castle offers significant wireless
communications coverage to 68 of the top 100 United States markets and to
substantially all of the Australian population. Crown Castle owns, operates
and manages over 10,600 and over 1,300 wireless communication sites in the
U.S. and Australia, respectively. For more information on Crown Castle visit:
http://www.crowncastle.com.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on
our management's current expectations. Such statements include, but are not
limited to, plans, projections and estimates regarding the timing of the
completion and filing of our Form 10-K. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions, including prevailing
market conditions and other factors. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those expected. More information about
potential risk factors which could affect our results is included in our
filings with the SEC.
Contacts: W. Benjamin Moreland, CFO
Jay Brown, Treasurer
Crown Castle International Corp.
713-570-3000
SOURCE Crown Castle International Corp.
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Related links:
http://www.crowncastle.com
http://www.raymondjamesecm.com/conferences_events_900_main.asp
CONTACT:
W. Benjamin Moreland, CFO, or Jay Brown,
Treasurer, both of Crown Castle International Corp.,
+1-713-570-3000
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