CHAMPION Communication Services, Inc.
NEX BOARD : CHP.H
OTC Bulletin Board : CCMS

March 26, 2008 13:25 ET

CHAMPION Communication Services, Inc. Refiles its December 31, 2005 and December 31, 2006 Financial Statements, MD&A and Certificates

THE WOODLANDS, TEXAS--(Marketwire - March 26, 2008) - CHAMPION Communication Services, Inc. (the "Company") (NEX:CHP.H)(OTCBB:CCMS) announced that at the request of the Ontario Securities Commission, it has refiled its audited financial statements (the "Statements') and Managements Discussion and Analysis ("MD&A") for the years ended December 31, 2005 and December 31, 2006, and the CEO and CFO Certificates (the "Certificates") in respect of its annual filings for the years ended December 31, 2005 and December 31, 2006. The refiling of the Statements, MD&A and Certificates was necessary as the auditor of the Statements was not a member of the Canadian Public Accountability Board at the time the Statements were prepared.

CHAMPION is a publicly owned company which trades on NEX (CHP.H) and U.S. Over the Counter Bulletin Board (CCMS.OB) and is a leader in wireless UHF trunked two-way communications.

As of February 28, 2008 there were 4,665,842 shares of the Company's common stock, $0.01 par value outstanding.

Please note that this press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Except for historical information, the matters discussed in this press release are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. Factors that could cause actual results to differ materially include, but are not limited to, the following: the Federal Communications Commission granting the requested license transfers; fluctuations in the Company's tower rental expenses; inventory and loan balances; competition; acquisition and expansion risk; liquidity and capital requirements; government regulation; the Company's ability to acquire and sell spectrum; and other factors listed from time to time in the Company's SEC reports.

Contact Information

  • CHAMPION Communication Services, Inc.
    Mr. Albert F. Richmond
    Chief Executive Officer
    1-800-614-6500
    (281) 364-1603 (FAX)