Tuesday, October 31, 2017
Lumos Networks is Proud to Sponsor the Virginia Chamber’s Veteran-Business Mixer in Virginia Beach
Lumos Networks is one of 17 Participating Employers at the Event
WAYNESBORO, VA – October 31, 2017- Lumos Networks Corp. (“Lumos Networks” or the “Company”) (NASDAQ:LMOS, news, filings), a leading fiber-based service provider in the Mid-Atlantic region, is pleased to sponsor the Virginia Chamber and Virginia Department of Veterans Services’ Veteran-Business mixer which will be held November 2, 2017 in Virginia Beach.
The mixer offers Veterans and transitioning service members an opportunity to network with local employers with open positions. In addition to Lumos Networks, 16 of Virginia’s Values Veterans certified companies will participate in the event.
“We are pleased to work with our event sponsor Lumos Networks and Virginia’s V3 companies to help increase employment opportunities for Veterans in Virginia,” said Cyndi Miracle, Senior Vice President for Programs of the Virginia Chamber Foundation.
Barry DuVal, Virginia Chamber’s President and CEO added “As a new Virginia Chamber member, we appreciate the additional support by Lumos Networks for this week’s event in Virginia Beach.”
Timothy G. Biltz, CEO of Lumos Networks said, “Lumos Networks is proud to sponsor the Virginia Chamber event focused on Veteran recruitment — a very worthy cause. We are constantly looking for highly qualified employees in the state of Virginia, and across our entire 11,000 mile Mid-Atlantic fiber network, as we continue our transformation into a fiber bandwidth service provider.”
For further information about the event, please contact Cyndi Miracle at the Virginia Chamber at C.MIRACLE@VACHAMBER.COM.
SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS
Any statements contained in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,” “should,” “may,” “will” and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: the successful closing of the announced EQT Merger, including obtaining the requisite regulatory and governmental approvals and satisfying other closing conditions; the risk that required governmental and regulatory approvals may delay the Merger or result in the imposition of conditions that could cause the parties to abandon the Merger or materially impact the financial benefits of the Merger; the timing to consummate the proposed Merger; any disruption from the proposed Merger making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time on Merger-related issues; the Merger may involve unexpected costs, liabilities or delays; the outcome of any legal proceedings related to the Merger, the failure by EQT Infrastructure to obtain the necessary financing arrangement set forth in commitment letters received in connection with the Merger; the impact of our previous acquisitions of Clarity and DC74 on our operations; rapid development and intense competition with resulting pricing pressure in the telecommunications and high speed data transport industry; our ability to grow our data business on an organic or inorganic basis in order to offset expected revenue declines in legacy voice and access products; our ability to obtain new carrier contracts or expand services under existing carrier contracts at competitive pricing levels to offset churn and achieve revenue growth from our carrier businesses; our ability to separate our legacy business on a timely basis; our ability to effectively allocate capital and timely implement network expansion plans necessary to accommodate organic growth initiatives; our ability to complete customer installations in a timely manner; adverse economic conditions; operating and financial restrictions imposed by our senior credit facility and our unsecured debt obligations; our cash and capital requirements; our ability to maintain and enhance our network; the potential to experience a high rate of customer turnover; federal and state regulatory fees, requirements and developments; our reliance on certain suppliers and vendors; and other unforeseen difficulties that may occur. These risks and uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 and our Annual Report on Form 10-K for the year ended December 31, 2016.
About Lumos Networks
Lumos Networks is a leading fiber-based service provider in the Mid-Atlantic region serving Carrier, Enterprise and Data Center customers, offering end-to-end connectivity in 26 markets in Virginia, West Virginia, North Carolina, Pennsylvania, Maryland, Ohio and Kentucky. With a fiber network of 10,983 fiber route miles and 515,362 total fiber strand miles, Lumos Networks connects 1,307 unique Fiber to the Cell sites, 1,672 total FTTC connections, 2,171 on-net buildings and approximately 3,500 total on-net locations. The Company also connects 43 total data centers, including three data centers acquired from DC74 (now named Lumos Data Centers), two acquired from Clarity Communications and seven company owned co-location facilities. In 2016, Lumos Networks generated over $123 million in Data revenue over our fiber network. Detailed information about Lumos Networks is available at WWW.LUMOSNETWORKS.COM.
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ONE LUMOS PLAZA, WAYNESBORO, VIRGINIA 22980 • PO BOX 1068, WAYNESBORO, VIRGINIA 22980
540.946.2000 • LUMOSNETWORKS.COM
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