LEXINGTON, Ky., June 22 /PRNewswire-FirstCall/ -- Triple Crown Media, Inc. 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.
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