Business Services Industry
Group Long Distance Announces Termination of Agreement and Plan of Merger with Quentra Networks, Inc
Business Wire, Dec 15, 2000
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Dec. 15, 2000
GROUP LONG DISTANCE, INC. ("Group Long Distance" or the "Company") (Pink Sheets:GLDI) announced today that it had terminated its previously announced Agreement and Plan of Merger with Quentra Networks, Inc. ("QUENTRA") (formerly Coyote Network Systems, Inc.).
QUENTRA has today announced that it has filed for bankruptcy protection.
GROUP LONG DISTANCE is a long distance telecommunications provider. The Company utilizes special network service contracts to provide its customers with products and services through major nationwide providers of telecommunications services. Group Long Distance is located at 400 E. Atlantic Boulevard, First Floor, Pompano Beach, FL 33060
Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and other matters, are the risks and other factors, detailed from time to time in the Company's reports filed with the United States Securities and Exchange Commission.
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