LCC INTERNATIONAL TO RELEASE 2005 EARNINGS ON MARCH 13, 2006
For Immediate Release
February 13, 2006
FOR IMMEDIATE RELEASE
LCC Contact:
C.R. Waldron
Sr. Vice President, Chief Financial Officer & Investor Relations
bob_waldron@lcc.com
+1.703.873.2266 phone
LCC INTERNATIONAL TO RELEASE 2005 EARNINGS ON MARCH 13, 2006
MCLEAN, VIRGINIA, February 13, 2006 – LCC International, Inc., (NASDAQ: LCCI), a global leader in wireless voice and data turn-key technical consulting services, today announced it will release 2005 earnings on Monday, March 13, 2006.
Charles R. Waldron, Sr. Vice President and Chief Financial Officer stated: “We are still feeling the effects of the 2004 restatement. Much of the preparatory work associated with the annual close and audit that is normally completed before the end of the calendar year had to be delayed because of the restatement. We also want to make good use of the time available to apply additional rigor to our closing and as a result, we will be performing more testing than was done in previous year-end closes.”
A conference call to discuss the 2005 results will be held Tuesday, March 14, at 8:45AM. Details for all interested parties wishing to participate in the conference call are as follows:
Via Live Conference Call: U.S. and International callers please dial 888-396-2369 or 617-847-8710. Participants will need to enter passcode 13799407 in order to be connected to the call. There will be a question and answer period during the call.
Via Live Web Cast: To listen to a live broadcast of the conference call via the Internet, please visit the Investor Relations section of the Company’s web site located at www.lcc.com. In order to participate in the call via the Internet, participants will need a computer with speakers and the Windows® Media Player plug-in.
Via Digital Replay: A replay of the call will begin at approximately 11:00 a.m. Eastern on Tuesday, March 14 and will continue until 12 midnight Eastern on Wednesday, March 15. To access the replay, please dial 888-286-8010 or 617-801-6888 and enter passcode 44420390 to be connected to a recording of the LCC International earnings call.
Via Internet Archive: Beginning Thursday, March 15, LCC’s fourth quarter and year end 2005 conference call will be available for review on the Company’s web site. This function sorts the call by section that enables parties to save time by only listening to the segments in which they are most interested (i.e. opening remarks, financial overview, questions and answer). To access the March 14th call, go to the Audio Archives page that can be found in the Investor Relations section of the Company’s web site.
About LCC
LCC International, Inc. is a global leader in voice and data design, deployment and management services to the wireless telecommunications industry. Since 1983, LCC has performed technical services for the largest wireless operators in North and South America, Europe, The Middle East, Africa and Asia. 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.
Forward looking statement:
Statements included in this news release which are not historical in nature are “forward-looking statements” within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. These include, without limitation, statements regarding increased demand for the Company’s services, forecasts of revenues, earnings estimates, statements regarding contracts, work or revenue opportunities the Company may secure in the future, and related information, all of which are based on current factual information and certain assumptions about future events which management believes to be reasonable at this time. There are many risks, uncertainties and other factors that can prevent the Company from achieving its goals or cause the Company’s results to differ materially from those expressed or implied by these forward-looking statements including, without limitation, changes in demand for the Company’s services from external factors including general economic conditions or changes in wireless demand or technology affecting network expansion strategies at and financing opportunities for the Company’s clients, delays in the award of new work, the termination or reduction of existing projects due to changes in the financial condition or business strategies of the Company’s clients, the Company’s dependence on hiring and retaining professional staff and key personnel, fluctuations in quarterly results from a variety of internal and external factors including changes in the Company’s estimates with respect to the completion of fixed-price contracts, lengthy sales cycles especially with respect to larger projects that may account for a significant portion of the Company’s anticipated revenues, intense competition in the marketplace especially from competitors with greater financial resources and financing capabilities, and those risk factors described in LCC International, Inc.’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company generally provides performance and earnings projections at each quarterly earnings conference call and in specific regulatory filings. These forecasts are as of the date of the call or filing and will include estimates based on factual information and assumptions which management believes to be reasonable at that time. In providing projections and other forward-looking statements, the Company does not make, and specifically disclaims, any undertaking or obligation to update them at any time in the future or at all to reflect new information, future events or otherwise.
