Conover, NC, April 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – FORTRAN CORPORATION (OTC: FRTN), an emerging telecommunications technology systems integrator, has announced the completion of the sale of its Florida wholly owned subsidiary, Comconexx, LLC. Comconexx, LLC does business in the State of Florida under the trade name of Communications Conexxions.

President and CEO, Glenn Withers

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995 Statements and information contained in this communication that refer to or include Fortran’s estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran’s current perspective of existing trends and information as of the date of the communication. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements about Fortran’s expectation that the audit of its financial statements for the year ended December 31, 2020 will be completed in time to file its 2020 annual report with the OTC Markets Group Inc. on or about March 31, 2021. It is important to note that Fortran’s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran’s current expectations depending upon a number of factors affecting Fortran’s business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuation in operating results, the ability of Fortran to compete successfully and other events. These factors also include, among others, the risks associated with the COVID-19 pandemic and related public health measures on its business, customers, markets and the worldwide economy; the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran’s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran’s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Fortran’s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any “Risk Factors” section contained in such filings.

Fortran Corporation 828-324-4611