LEXINGTON, Ky., June 22 /PRNewswire-FirstCall/ -- Triple Crown Media,
Inc. (Nasdaq: TCMI) announced that it has sold its wholly owned indirect
subsidiary, GrayLink, LLC to a third party. GrayLink Wireless is a provider
of wireless services, primarily paging services, in non-major metropolitan
areas in Alabama, Florida and Georgia and also operates 13 retail locations
for wireless services in Alabama, Florida and Georgia. Financial terms of
the transaction were not disclosed.
Tom Stultz, President and CEO said, "The sale of GrayLink, LLC will
allow management to concentrate on our core businesses. We appreciate the
work and loyalty of our employees at GrayLink and wish them well."
Cautionary Statements for Purposes of the "Safe Harbor" Provisions of
the Private Securities Litigation Reform Act:
Except for the historical information contained herein, information set
forth in this news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Words such
as "expects," "anticipates," "intends," "plans," "believes," "estimates,"
and variations of such words and similar expressions that indicate future
events and trends are intended to identify such forward-looking statements.
These forward-looking statements are subject to risks and uncertainties,
which could cause the company's actual results or performance to differ
materially from those expressed or implied in such statements. The Company
makes no commitment to update any forward-looking statement or to disclose
any facts, events, or circumstances after the date hereof that may affect
the accuracy of any forward-looking statement. For additional information
about the Company and its various risk factors, please see the Company's
most recent Annual Report on Form 10-K and other documents as filed with
the Securities and Exchange Commission.
SOURCE Triple Crown Media, Inc.
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Related links:
http://www.triplecrownmedia.com
CONTACT:
Thomas J. Stultz, President & Chief Executive
Officer, +1-859-226-4356, or Mark G. Meikle, Executive Vice
President & Chief Financial Officer, +1-859-226-4376, both of
Triple Crown Media, Inc.; or Charles B. McNamee, President,
GrayLink Wireless Acquisition Corporation, +1-404-229-9975
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