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Last updated on April 20, 2014 at 8:28 EDT

Latest Fortran Stories

2014-03-20 16:29:14

HICKORY, N.C., March 20, 2014 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), announced today that it has closed on a $4,000,000 revolving line of credit. Under the terms of the agreement, TCA Global Credit Master Fund, L.P. committed to lend $4,000,000 through one of the Fund's Senior Secured Revolving Notes, with an initial draw of $900,000. The Company meets specific monthly reporting and collateral requirements to further draw on the revolving credit facility. Douglas Rink, CEO...

2014-03-20 00:21:51

HICKORY, N.C., March 20, 2014 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), a communications system integrator announced today that on March 1(st) a definitive share exchange agreement was reached with WynnCom, Inc. of Lexington, North Carolina and closed yesterday. Douglas Rink, Fortran's President and CEO stated, "WynnCom has a long history of successful operations in central and eastern North Carolina and a fierce competitor to us. Over the next several quarters, our success...

2014-02-18 12:35:43

HICKORY, N.C., Feb. 18, 2014 /PRNewswire/ -- Fortran Corporation (OTC Pink: FRTN), a leading communications systems integrator, announced financial results for the three and six month periods ending December 31, 2013 compared to the same periods 2012. Financial highlights for the quarters respectively were: Three Six Months Months Ended Ended...

2013-11-22 00:21:02

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...

2013-10-31 00:22:03

HICKORY, N.C., Oct. 31, 2013 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), a leading communications system integrator announced today its subsidiary, CCI-Telecom, Inc., is ramping up its sales effort offering Avaya's new IP Office 9.0 to its customers. CCI Telecom, Inc. will begin immediately offering Avaya's new IP-Office 9.0 upgrade providing seamless collaboration of voice, video and mobility at a lower cost of ownership to its clients. CCI Telecom, Inc. currently services over 500...

2013-09-11 00:22:21

HICKORY, N.C., Sept. 11, 2013 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), a leading communications system integrator announced today its subsidiary, CCI-Telecom Inc., has landed the unified telecommunications migration contract with the Carnegie Hotel and Spa in Johnson City, TN. Through this agreement, CCI-Telecom will provide its industry-leading unified communications solution, Avaya's IP Office, replacing the legacy Nortel. This platform provides flexibility, scalability...

2013-08-29 00:20:46

HICKORY, N.C., Aug. 29, 2013 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), a leading communications system integrator announced today that two of its subsidiaries, Fortran Communications, Inc. in Columbia, SC and The New Telephone Company, Inc. (dba B & L Telephone, LLC) in Hickory, NC have received Diamond Status from NEC Corp. "Our longstanding relationship with NEC allows us to provide our customers with the leading edge technology they deserve and count on every day,"...

2013-07-08 16:27:41

HICKORY, N.C., July 8, 2013 /PRNewswire/ -- (OTC Disclosure and News Service) -- Fortran Corporation (OTC: FRTN), a leading communications system integrator announced today it has named Todd Rankin, the former President of CCI-Telecom Inc., to the new role of Chief Operations Officer - Communications Division. Mr. Rankin's responsibilities will include the management of the telecommunications integration teams, new product and service development and customer relations. Mr. Rankin...

2013-07-05 00:20:22

HICKORY, N.C., July 5, 2013 /PRNewswire/ -- (OTC Disclosure and News Service) -- Fortran Corporation (OTC: FRTN), a leading communications system integrator announced today that if has reached a definitive share exchange agreement on June 7th with CCI Telecom, Inc of Statesville, North Carolina. "The combined client mix of the companies coming together will allow us to cross fertilize our different product disciplines within our existing client databases. CCI has an excellent...

2012-03-14 15:18:00

WILMINGTON, Del., March 14, 2012 /PRNewswire/ -- Global leader in compiler technology PathScale Inc. today announced it has acquired the PathScale assets from Cray Inc. (Nasdaq: CRAY). Financial terms of the deal were not disclosed. (Logo: http://photos.prnewswire.com/prnh/20120314/PH70345LOGO ) PathScale plans to continue developing the EKOPath Compiler Suite, provide support for all users of the software and launch new products. The company will continue to contribute parts of the...