Business Services Industry
LCC International Announces Fourth Quarter and Full Year 2006 Results
Business Wire, March 12, 2007
Additionally, LCC's fourth quarter 2006 operations were impacted by recording bonus expense of $2.1 million as compared to $900,000 in the 2005 quarter.
As an update, the Company has not yet completed its negotiations with Nokia on the outstanding receivables issues as outlined in our third quarter earnings release. We continue to work towards resolution of these issues, however, at this writing, the ultimate outcome remains uncertain. The company's position is reflected in the fourth quarter results.
Due to delays in the completion of the Company's testing procedures and required Sarbanes-Oxley reporting processes, the Company will secure an automatic 15 day extension for filing its annual report, Form 10K.
Conference Call Information:
LCC International, Inc. will hold a conference call and web cast to discuss its fourth-quarter and full-year financial results on Monday, March 12, 2007 at 8:30 a.m. ET. To listen to the call live, U.S. and international callers may dial (866) 770-7120 or (617) 213-8065. To listen to a live broadcast and view the slide presentation for the conference call via the Internet, please visit the Investor Relations section of the Company's web site, www.lcc.com.
A replay of the call will begin at approximately 11:00 a.m. ET on Monday, March 12 and will continue until Midnight ET on Wednesday, March 14th. To access the replay, please dial (888) 286-8010 or (617) 801-6888 and use the pass code 94673038.
Beginning Monday, March 12, LCC's fourth-quarter conference call will be available for review on the Company's web site. To access the call, go to the Audio Archives page that can be found in the Investor Relations section of the LCC web site.
About LCC International, Inc.
LCC International, Inc. is a global leader in voice and data design, deployment and management solutions to the wireless telecommunications industry. The Company has worked with all major access technologies and has participated in the success of some of the largest and most sophisticated wireless systems in the world. Through an integrated set of technical business consulting, training, design, deployment, operations and maintenance services, LCC is unique in its ability to provide comprehensive turnkey services to wireless operators around the world. News and additional information are available at www.lcc.com.
Safe Harbor
Cautionary Note regarding forward-looking statements under the Private Securities Litigation Reform Act of 1995:
Information in this release regarding LCC's expectations, beliefs, and intentions are forward-looking statements that involve risks and uncertainties. These include statements regarding new market opportunities identified by LCC, LCC's expected release of product and service offerings, contemplated strategic relationships, expectations of receiving awards of business from current or prospective clients and expectations regarding future profitability. All forward-looking statements included in this release are based upon information available to LCC as of the date of this release, which may change, and LCC assumes no obligation to update any such forward-looking statement. These statements are not guarantees. Factors that could cause or contribute to differences from such expectations include, but are not limited to, delays in the development, commercialization or market acceptance of new offerings and other factors that may affect our business are discussed in LCC's filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our quarterly reports on Form 10-Q.
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