ALEXANDRIA, Va., Aug. 22 /PRNewswire-FirstCall/ -- USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging services, today announced that it has repaid the remaining balance of $18 million on its bank credit facility in full satisfaction of its bank debt obligation. USA Mobility had established the $140 million credit facility in order to fund the cash consideration incurred in consummating the merger between Arch Wireless, Inc. and Metrocall Holdings, Inc., which occurred on November 16, 2004.
"We are pleased to extinguish our $140 million bank debt in only nine months of operations," said Vincent D. Kelly, president and chief executive officer. "This is a significant accomplishment for the company and provides us with enhanced financial flexibility going forward. We will now continue our focus on creating value for our customers and shareholders by enhancing our sales productivity, integration of our technical and administrative infrastructure, and honoring our free cash flow focus."
About USA Mobility
USA Mobility, Inc., headquartered in Alexandria, Virginia, is a leading provider of paging products and other wireless services to the business, government and healthcare sectors. USA Mobility offers traditional one-way and advanced two-way paging via its nationwide networks covering more than 90% of the U.S. population and with roaming partners in Canada and Mexico. In addition, the company offers mobile voice and data services through Nextel, Cingular/AT&T Wireless, and Sprint, including BlackBerry and GPS location applications. The company's product offerings include wireless connectivity systems for medical, business, government and other campus environments. USA Mobility focuses on the business-to-business marketplace and supplies mobile connectivity solutions to over two-thirds of the Fortune 1000 companies. For further information visit http://www.usamobility.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act: Statements contained herein or in prior press releases which are not historical fact, such as statements regarding USA Mobility's financial flexibility, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause USA Mobility's actual results to be materially different from the future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include, but are not limited to, declining demand for paging products and services, the ability to continue to reduce operating expenses, future capital needs, competitive pricing pressures, competition from both traditional paging services and other wireless communications services, government regulation, reliance upon third-party providers for certain equipment and services, the timely and efficient integration of the operations and facilities of Metrocall and Arch as well as other risks described from time to time in periodic reports and registration statements filed with the Securities and Exchange Commission. Although USA Mobility believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. USA Mobility disclaims any intent or obligation to update any forward-looking statements.
SOURCE USA Mobility, Inc. -0- 08/22/2005 /CONTACT: Bob Lougee of USA Mobility, Inc., +1-703-721-3080/ /Web site: http://www.usamobility.com/ (USMO)