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LCC INTERNATIONAL ANNOUNCES TRADING SYMBOL LCCI TO RESUME DECEMBER 13, 2005
For Immediate Release
December 13, 2005
FOR IMMEDIATE RELEASE
LCC Contact:
C.R. Waldron
Sr. Vice President, Chief Financial Officer & Investor Relations
+1.703.873.2266 phone
bob_waldron@lcc.com
LCC INTERNATIONAL ANNOUNCES TRADING SYMBOL LCCI TO RESUME DECEMBER 13, 2005
MCLEAN, VIRGINIA , December 12, 2005 –LCC International, Inc., (NASDAQ: LCCIE), a global leader in wireless voice and data turn-key technical consulting services, today announced that it has been notified by the Nasdaq Listing Qualifications Panel that the Company has evidenced compliance with all Nasdaq Marketplace Rules and, effective with the opening of business on Tuesday, December 13, 2005, the Company’s symbol will be changed from LCCIE to LCCI.
Dean Douglas, President and Chief Executive Officer of LCC stated: “We are pleased to have all vestiges of the restatement behind us so we can now focus our full attention on managing the business, driving greater profitability, maintaining industry thought leadership and investing in the wireless industry.”
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.
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