MasTec Prepares for Hurricane Frances and Mobilizes to Help Customers Restore Service
September 03, 2004
CORAL GABLES, Fla., Sept. 3 /PRNewswire-FirstCall/ -- MasTec, Inc. (NYSE: MTZ) today announced that its offices will be closed Friday, September 3rd due to the hurricane warning issued for South Florida. The warning for Hurricane Frances was activated at approximately 11:00am on Thursday.
In recent days, MasTec has been preparing for the storm and has completed the activation its own internal plan. The corporate and field offices have been secured and the Company is prepared to act in the aftermath of the hurricane to help its power, telephone, traffic and broadband customers restore service as soon as possible. MasTec remains ready with crews and equipment positioned around all potential impact areas including Florida, Georgia and the Carolinas.
Austin J. Shanfelter, MasTec's President and CEO stated, "MasTec is well prepared for Hurricane Frances and will immediately focus on the evaluation and restoration efforts for our clients once the area is safe for our crews."
MasTec -- www.mastec.com -- is a leading communications, broadband, intelligent traffic and energy infrastructure service provider. The Company designs, builds, installs, maintains, upgrades and monitors internal and external networks for leading companies and government entities.
This press release and any accompanying documents contain forward-looking statements, such as statements regarding MasTec's future growth and profitability, growth strategy, and anticipated trends in the industries and economies in which MasTec operates. The words "anticipate," "estimate," "should," "expect," "believe," "intend," "target," "project" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on MasTec's current expectations and are subject to a number of risks, uncertainties, and assumptions, including that our revenue and profits may differ from that projected, that we may be further impacted by slowdowns in our clients' businesses or in the economy in general, that our reserves for receivables may be inadequate and that we may experience increased costs associated with realigning our business or may be unsuccessful in those efforts. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in any forward-looking statements made by MasTec in this press release. These and other risks are detailed in this press release and/or documents filed by MasTec with the Securities and Exchange Commission. MasTec does not undertake any obligation to revise these forward-looking statements to reflect future events or circumstances.
SOURCE MasTec, Inc. -0- 09/03/2004 /CONTACT: J. Marc Lewis, Vice President-Investor Relations of MasTec, Inc., +1-305-406-1815, or fax, +1-305-406-1886, or marc.lewis@mastec.com/ /Web site: http://www.mastec.com/ (MTZ) CO: MasTec, Inc.; MasTec ST: Florida, Georgia, North Carolina, South Carolina IN: TLS CPR SU: MH-JK -- CLF005A -- 9899 09/03/2004 08:00 EDT http://www.prnewswire.com