Annual Shareholder Meeting to be held May 6
MANKATO, Minn., April 21, 2014 – HickoryTech Corporation (NASDAQ:HTCO, news, filings), a leading regional business and broadband provider, is asking shareholders to approve a corporate name change to Enventis Corporation. The corporate name change is a final step in the company’s move to a unified brand following its change to Enventis in October 2013, when the company rebranded its telecom markets in southern Minnesota and northwest Iowa.
The vote will be tallied at the company’s annual meeting on May 6 and upon a successful vote, the company’s stock would start trading under Enventis, NASDAQ ticker symbol ENVE.
“We ask shareholders to vote in support of changing our corporate name to Enventis Corporation,” said John Finke, president and chief executive officer of HickoryTech Corporation. “Aligning our corporate name with Enventis, the brand used to serve thousands of customers across the upper Midwest, allows us to gain full recognition as a public company and as a leading business and broadband service provider. Along with our brand, the company has transformed from a local telephone company into a leading, regional communications provider focused on growing and expanding our business and broadband services.”
Enventis has grown both organically and through strategic acquisition over the past several years. In 2006, HickoryTech acquired Enventis and embraced this name as its leading business brand. In 2009, the company acquired CP Telecom and in 2012 Enventis acquired IdeaOne Telecom in Fargo, N.D. Enventis offers a wide range of business and broadband solutions, and is expanding its managed and hosted cloud services.
For more information about the Enventis corporate name change, visit www.enventis.com/onename.
About HickoryTech Corporation
HickoryTech Corporation is a leading communications provider serving business and residential customers in the upper Midwest and is doing business as Enventis. With headquarters in Mankato, Minn., the corporation has 520 employees and an expanded, multi-state fiber network spanning more than 4,200 route miles serving Minnesota, Iowa, North Dakota and South Dakota. The company provides IP-based voice and data solutions, MPLS networking, data center and managed hosted services and communication systems to businesses across a five-state region. The company also offers broadband Internet, Digital TV, voice and data services to businesses and consumers in southern Minnesota and northwest Iowa. The Company trades on the NASDAQ, symbol: HTCO, and is a member of the Russell 2000 Index. For more information, visit www.enventis.com.
Certain statements included in this press release that are not historical facts are "forward-looking statements." Such forward-looking statements are based on current expectations, estimates and projections about the industry in which the company operates and management's beliefs and assumptions. The forward-looking statements are subject to uncertainties. These statements are not guarantees of future performance and involve certain risks, uncertainties and probabilities. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Enventis undertakes no obligation to update any of its forward-looking statements, except as required by law.