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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 12, 1999
MOBILEMEDIA COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 33-68840 22-3379712
(State or other (Commission File No.) (IRS Employer
jurisdiction Identification No.)
of incorporation)
Fort Lee Executive Park, One Executive Drive, Suite 500,
Fort Lee, New Jersey 07024
(Address of principal executive offices)
(Zip Code)
(201) 224-9200
(Registrant's telephone number, including area code)
-------------------------
(Former name or former address, if changed since last report)
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<PAGE>
Item 5. Other Events.
On March 12, 1999, MobileMedia Corporation ("MobileMedia") and MobileMedia
Communications, Inc. ("Communications" and together with MobileMedia, the
"Debtors") issued the press release filed herewth as Exhibit 99.1 announcing
that MobileMedia had filed a stipulation (the "Stipulation") with the United
States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court")
which, if executed by all parties thereto and approved by the Bankruptcy Court,
would resolve pending objections to MobileMedia's Third Amended Joint Plan of
Reorganization (the "Plan") and result in the Plan being either confirmed or
denied by the Bankruptcy Court. The Plan provides for the merger of MobileMedia
into Arch Communications Group, Inc. ("Arch") (Nasdaq: APRG).
Under the Stipulation, the confirmation hearing, which had been continued to
March 26, 1999, will be further continued until April 12, 1999 (the "Continued
Confirmation Hearing") if unsecured creditors that have filed certain objections
to confirmation of the Plan (the "Objectors") provide notice to the Debtors by
March 23, 1999 that the Objectors intend to deliver an alternative proposal for
reorganization of the Debtors (the "Objectors' Proposal") on or before April 1,
1999. If the Objectors' Proposal is delivered by April 1, 1999, the Bankruptcy
Court will determine at the Continued Confirmation Hearing whether the
Objectors' Proposal meets the requirements set forth in the Stipulation (the
"Requirements"). Under the Stipulation, if the Objectors' Proposal does not meet
the Requirements, the Plan would be confirmed, subject to a determination that
the Plan meets all requirements of the Bankruptcy Code. If the Bankruptcy Court
finds that the Objectors' Proposal meets the Requirements, the Bankruptcy Court
would deny confirmation of the Plan.
Under the Stipulation and subject to the terms and conditions thereof, the
Objectors would withdraw their objections to confirmation of the Plan and waive
their rights to appeal confirmation of the Plan.
On March 17, 1999, the Debtors issued the press release filed herewith as
Exhibit 99.2, announcing that MobileMedia was continuing to work toward
finalizing the Stipulation for execution by all of the parties thereto, which
include MobileMedia, Arch, the Debtors' unsecured creditors committee, the agent
for the Debtors' pre-petition secured lenders, the Objectors and four unsecured
creditors that have agreed, as "standby purchasers", to purchase certain shares
of Arch common stock to the extent not purchased by other unsecured creditors.
On March 22, 1999, the Debtors issued the press release filed herewith as
Exhibit 99.3, annoucing that the Stipulation has been signed by all the parties
thereto. The Stipulation still requires approval of the Bankruptcy Court in
order to be effective. MobileMedia submitted the Stipulation to the Bankruptcy
Court for approval on March 22, 1999.
On March 24, 1999, MobileMedia issued the press release filed herewith as
Exhibit 99.4, announcing that the Bankruptcy Court had approved the Stipulation
which resolves pending objections to the Plan. Under the Stipulation, the Plan
will either be confirmed or denied by the Bankruptcy Court at the Continued
Confirmation Hearing.
MobileMedia also announced that its Class 6 (general unsecured) creditors voted
to accept the Plan in the court-ordered resolicitation of this class.
MobileMedia said that 69.3% in dollar amount and 59.6% in number of those voting
voted to accept the Plan, and that based on these results and the requirements
of the Bankruptcy Code, Class 6 has accepted the Plan. The two other voting
classes (Classes 4 and 5) accepted the Plan in the initial solicitation and were
not resolicited. In addition, MobileMedia received no additional objections to
confirmation of its Plan. Both the Supplemental Voting Deadline and the
Supplemental Objection Deadline were March 23, 1999.
2
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: March 25, 1999 MOBILEMEDIA COMMUNICATIONS, INC.
By: /s/ David R. Gibson
----------------------------
David R. Gibson
Senior Vice President and
Chief Financial Officer
3
<PAGE>
EXHIBIT INDEX
Exhibit No. Page
- ----------- ----
99.1 Press Release
99.2 Press Release
99.3 Press Release
99.4 Press Release
4
FOR IMMEDIATE RELEASE
For: MobileMedia Corporation
Media Contact: Krista Grossman 201/969-4959
Investor Contact: Lynne Burns 201/969-4999
MOBILEMEDIA FILES PROPOSED STIPULATION
WITH BANKRUPTCY COURT
Stipulation Would Resolve Objections to Company's Plan of Reorganization
- ------------------------------------------------------------------------------
FORT LEE, NJ, March 12, 1999 -- MobileMedia Corporation announced that it has
filed a stipulation (the "Stipulation") with the United States Bankruptcy Court
for the District of Delaware which, if executed by all parties thereto and
approved by the Bankruptcy Court, would resolve pending objections to
MobileMedia's Third Amended Joint Plan of Reorganization (the "Plan") and result
in the Plan being either confirmed or denied by the Bankruptcy Court. The Plan
provides for the merger of MobileMedia into Arch Communications Group, Inc.
("Arch") (Nasdaq: APGR).
The agreement reflected in the Stipulation contemplates signature by (i) Arch,
(ii) MobileMedia, (iii) the Debtors' unsecured creditors committee, (iv) the
agent for the Debtors' pre-petition secured lenders, (v) the unsecured creditors
that have filed certain objections to confirmation of the Plan (the "Objectors")
and (vi) two members of the unsecured creditors committee and two other
unsecured creditors that have agreed, as "standby purchasers", to purchase
certain shares of Arch common stock to the extent the shares are not purchased
by other unsecured creditors through the exercise of rights being issued to them
by Arch pursuant to the Plan. The Stipulation, as filed, has been signed only by
MobileMedia and the Objectors. A hearing on approval of the Stipulation is
scheduled with the Bankruptcy Court for March 16, 1999 at 3:00 p.m. There is no
assurance that the Stipulation will be signed by all of the parties thereto or,
if signed, that the Stipulation will be approved by the Bankruptcy Court.
Under the Stipulation, the confirmation hearing, which had been continued to
March 26, 1999, will be further continued until April 12, 1999 (the "Continued
Confirmation Hearing") if the Objectors provide notice to the Debtors by March
23, 1999 that the Objectors intend to deliver an alternative proposal for
reorganization of the Debtors (the "Objectors Proposal") on or before April 1,
1999. If the Objectors Proposal is delivered by April 1, 1999 (and not
thereafter withdrawn), the Bankruptcy Court will determine at the Continued
Confirmation Hearing whether the Objectors Proposal meets the requirements set
forth in the Stipulation (the "Requirements"), including requirements that the
Objectors Proposal (A) be capable of confirmation and consummation within a
reasonable period of time, (B) provide (x) for payment in full in cash of (i)
all administrative claims, including the breakup fee in the amount of $25
million that may be payable to Arch under the merger agreement with Arch, and
(ii) the Allowed Claims of Classes 4 and 5 (except for default interest) under
the Plan (approximately $485 million), and (y) for a distribution to Class 6
(general unsecured creditors) that is materially
(more)
<PAGE>
MobileMedia Files Proposed Stipulation/Page 2
greater in value than the distribution to Class 6 under the Plan, (C) have
financing committed or reasonably capable of being obtained and (D) after taking
into account all relevant business factors (including, without limitation, any
conditions and contingencies), be superior to the Plan.
Under the Stipulation, if the Court finds that the Objectors Proposal does not
meet the Requirements, the Plan would be confirmed, subject to a determination
that the Plan meets all requirements of the Bankruptcy Code. If the Bankruptcy
Court finds that the Objectors Proposal meets the Requirements, the Bankruptcy
Court would deny confirmation of the Plan. If the Objectors do not deliver the
Objectors Proposal by April 1, 1999 (or, if it is delivered, but thereafter
withdrawn), then, subject to a determination by the Court that the Plan meets
the requirements of the Bankruptcy Code, the Plan would be confirmed.
Under the Stipulation and subject to the terms and conditions thereof, the
Objectors would withdraw their objections to confirmation of the Plan and waive
their rights to appeal confirmation of the Plan. Also, under certain
circumstances, the Objectors would be deemed to have voted in favor of the Plan.
In addition, the Stipulation (A) provides that, if the Plan is confirmed on
March 26, 1999, the rights offering period contemplated by the Plan would expire
45 days after confirmation, or that, if the Plan is confirmed on or after April
12, 1999, such rights offering period would expire on the later of May 14, 1999
or 20 days after confirmation, (B) provides for the reimbursement by the Debtors
of certain fees and expenses incurred by the Objectors, (C) provides for the
exchange of certain releases among various parties and (D) contains certain
provisions relating to the possible payment by the Debtors to Arch of a breakup
fee.
MobileMedia filed a voluntary petition under chapter 11 of the U.S. Bankruptcy
Code on January 30, 1997. MobileMedia and Arch executed their merger agreement
on August 19, 1998 and certain amendments thereto on September 3 and December 1,
1998, and February 9, 1999. On December 2, 1998, MobileMedia also filed the
Plan, which provides for the merger. The Federal Communications Commission
approved the transfer of wireless messaging licenses from MobileMedia to Arch by
order dated February 2, 1999 and released on February 5, 1999.
MobileMedia Corporation, Fort Lee, N.J., is one of the largest providers of
paging and personal communications services in the United States, reaching
markets of over 95 percent of the U.S. population, including the top 100
metropolitan statistical areas. MobileMedia, with 3,000 employees, offers local,
regional and nationwide coverage to more than three million subscribers in all
50 states, the District of Columbia and in the Caribbean. The Company operates
two one-way nationwide FLEX(TM) networks and is constructing a nationwide
narrowband PCS network. MobileMedia, doing business as MobileComm, can be found
on the Internet at www.mobilecomm.com. The Company is not associated with
MobilComm, Inc. of Cincinnati, Ohio.
(more)
<PAGE>
MobileMedia Files Proposed Stipulation/Page 3
Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this news release that are not historical fact,
such as forward-looking statements concerning future financial performance and
growth, involve risks and uncertainties. Although MobileMedia believes the
expectations reflected in any forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Any forward-looking statements represent the best judgment of MobileMedia as of
the date of this release. The Company disclaims any intent or obligation to
update any forward-looking documents.
FOR IMMEDIATE RELEASE
For: MobileMedia Corporation
Media Contact: Krista Grossman 201/969-4959
Investor Contact: Lynne Burns 201/969-4999
MOBILEMEDIA CONTINUING TO WORK
TOWARD PROPOSED SETTLEMENT STIPULATION
FORT LEE, NJ, March 17, 1999 -- At a hearing held before the United States
Bankruptcy Court for the District of Delaware yesterday, MobileMedia Corporation
announced that it is continuing to work toward finalizing a stipulation (the
"Stipulation") which, if executed by all parties thereto and approved by the
Bankruptcy Court, would resolve pending objections to MobileMedia's Third
Amended Joint Plan of Reorganization (the "Plan") and result in the Plan being
either confirmed or denied by the Bankruptcy Court. The Plan provides for the
merger of MobileMedia into Arch Communications Group, Inc. ("Arch") (Nasdaq:
APGR).
Negotiations are continuing regarding the final terms of the Stipulation with
the goal of finalizing the Stipulation for execution by all of the parties
thereto, which include MobileMedia, Arch, the Debtors' unsecured creditors
committee, the agent for the Debtors' pre-petition secured lenders, the
unsecured creditors that have filed certain objections to confirmation of the
Plan and four unsecured creditors (including two members of the unsecured
creditors committee) that have agreed, as "standby purchasers", to purchase
certain shares of Arch common stock to the extent the shares are not purchased
by other unsecured creditors through the exercise of rights being issued to them
by Arch pursuant to the Plan.
At the March 16, 1999 hearing, the Bankruptcy Court indicated that, if the
Stipulation were fully executed, MobileMedia could submit the agreement to the
Bankruptcy Court for approval without the need for a further hearing. There is
no assurance that the Stipulation will be signed by all of the parties thereto
or, if signed, that the stipulation will be approved by the Bankruptcy Court.
MobileMedia filed a voluntary petition under chapter 11 of the U.S. Bankruptcy
Code on January 30, 1997. MobileMedia and Arch executed their merger agreement
on August 19, 1998 and certain amendments thereto on September 3 and December 1,
1998, and February 9, 1999. On December 2, 1998, MobileMedia also filed the
Plan, which provides for the merger. The Federal Communications Commission
approved the transfer of wireless messaging licenses from MobileMedia to Arch by
order dated February 2, 1999 and released on February 5, 1999.
MobileMedia Corporation, Fort Lee, N.J., is one of the largest providers of
paging and personal communications services in the United States, reaching
markets of over 95 percent of the U.S. population, including the top 100
metropolitan statistical areas. MobileMedia, with 3,000
1
<PAGE>
employees, offers local, regional and nationwide coverage to more than three
million subscribers in all 50 states, the District of Columbia and in the
Caribbean. The Company operates two one-way nationwide FLEX(TM) networks and is
constructing a nationwide narrowband PCS network. MobileMedia, doing business as
MobileComm, can be found on the Internet at www.mobilecomm.com. The Company is
not associated with MobileComm, Inc. of Cincinnati, Ohio.
Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this news release that are not historical fact,
such as forward-looking statements concerning future financial performance and
growth, involve risks and uncertainties. Although MobileMedia believes the
expectations reflected in any forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Any forward -looking statements represent the best judgment of MobileMedia as of
the date of this release. The Company disclaims any intent or obligation to
update any forward-looking documents.
2
FOR IMMEDIATE RELEASE
For: MobileMedia Corporation
Media Contact: Krista Grossman 201/969-4959
Investor Contact: Lynne Burns 201/969-4999
MOBILEMEDIA REACHES AGREEMENT ON STIPULATION
- ------------------------------------------------------------------------------
FORT LEE, NJ, March 22, 1999 -- MobileMedia Corporation announced that it has
reached an agreement, reflected in a stipulation (the "Stipulation"), which, if
approved by the Bankruptcy Court, would resolve pending objections to
MobileMedia's Third Amended Joint Plan of Reorganization (the "Plan") and result
in the Plan being either confirmed or denied by the Bankruptcy Court. The Plan
provides for the merger of MobileMedia into Arch Communications Group, Inc.
("Arch") (Nasdaq: APGR).
The Stipulation, which was initially filed with the Bankruptcy Court on March
12, 1999 in unsigned form, now has been signed by all the parties thereto,
including (i) Arch, (ii) MobileMedia, (iii) the Debtors' unsecured creditors
committee, (iv) the agent for the Debtors' pre-petition secured lenders, (v) the
unsecured creditors that have filed certain objections to confirmation of the
Plan (the "Objectors") and (vi) two members of the unsecured creditors committee
and two other unsecured creditors that have agreed, as "standby purchasers", to
purchase certain shares of Arch common stock to the extent the shares are not
purchased by other unsecured creditors through the exercise of rights being
issued to them by Arch pursuant to the Plan. The Stipulation still requires
approval of the Bankruptcy Court in order to be effective. MobileMedia today
submitted the Stipulation to the Court for approval.
Under the Stipulation, the confirmation hearing, which had been continued to
March 26, 1999, will be further continued until April 12, 1999 (the "Continued
Confirmation Hearing") if the Objectors provide notice to the Debtors by March
23, 1999 that the Objectors intend to deliver an alternative proposal for
reorganization of the Debtors (the "Objectors Proposal") on or before April 1,
1999. If the Objectors Proposal is delivered by April 1, 1999 (and not
thereafter withdrawn), the Bankruptcy Court will determine at the Continued
Confirmation Hearing whether the Objectors Proposal meets the requirements set
forth in the Stipulation (the "Requirements"), including requirements that the
Objectors Proposal (A) be capable of confirmation and consummation within a
reasonable period of time, (B) provide (x) for payment in full in cash of (i)
all administrative claims, including the breakup fee in the amount of $25
million that may be payable to Arch under the merger agreement with Arch, and
(ii) the Allowed Claims of Classes 4 and 5 (except for default interest) under
the Plan (approximately $485 million), and (y) for a distribution to Class 6
(general unsecured creditors) that is materially greater in value than the
distribution to Class 6 under the Plan, (C) have financing committed or
reasonably capable of being obtained and (D) after taking into account all
relevant business factors (including, without limitation, any conditions and
contingencies), be superior to the Plan.
(more)
<PAGE>
MobileMedia Reaches Agreement on Stipulation/Page 2
Under the Stipulation, if the Court finds that the Objectors Proposal does not
meet the Requirements, the Plan would be confirmed, subject to a determination
that the Plan meets all requirements of the Bankruptcy Code. If the Bankruptcy
Court finds that the Objectors Proposal meets the Requirements, the Bankruptcy
Court would deny confirmation of the Plan. If the Objectors do not deliver the
Objectors Proposal by April 1, 1999 (or, if it is delivered, but thereafter
withdrawn), then, subject to a determination by the Court that the Plan meets
the requirements of the Bankruptcy Code, the Plan would be confirmed.
Under the Stipulation and subject to the terms and conditions thereof, the
Objectors would withdraw their objections to confirmation of the Plan and waive
their rights to appeal confirmation of the Plan. Also, under certain
circumstances, the Objectors would be deemed to have voted in favor of the Plan.
In addition, the Stipulation (A) provides that, if the Plan is confirmed on
March 26, 1999, the rights offering period contemplated by the Plan would expire
45 days after confirmation, or that, if the Plan is confirmed on or after April
12, 1999, such rights offering period would expire on the later of May 14, 1999
or 20 days after confirmation, (B) provides for the reimbursement by the Debtors
of certain fees and expenses incurred by the Objectors, (C) provides for the
exchange of certain releases among various parties and (D) contains certain
provisions relating to the possible payment by the Debtors to Arch of a breakup
fee.
MobileMedia filed a voluntary petition under chapter 11 of the U.S. Bankruptcy
Code on January 30, 1997. MobileMedia and Arch executed their merger agreement
on August 19, 1998 and subsequently executed certain amendments thereto. On
December 2, 1998, MobileMedia also filed the Plan, which provides for the
merger. The Federal Communications Commission approved the transfer of wireless
messaging licenses from MobileMedia to Arch by order dated February 2, 1999 and
released on February 5, 1999.
MobileMedia Corporation, Fort Lee, N.J., is one of the largest providers of
paging and personal communications services in the United States, reaching
markets of over 95 percent of the U.S. population, including the top 100
metropolitan statistical areas. MobileMedia, with 3,000 employees, offers local,
regional and nationwide coverage to more than three million subscribers in all
50 states, the District of Columbia and in the Caribbean. The Company operates
two one-way nationwide FLEX(TM) networks and is constructing a nationwide
narrowband PCS network. MobileMedia, doing business as MobileComm, can be found
on the Internet at www.mobilecomm.com. The Company is not associated with
MobilComm, Inc. of Cincinnati, Ohio.
(more)
<PAGE>
MobileMedia Reaches Agreement on Stipulation/Page 3
Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this news release that are not historical fact,
such as forward-looking statements concerning future financial performance and
growth, involve risks and uncertainties. Although MobileMedia believes the
expectations reflected in any forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Any forward-looking statements represent the best judgment of MobileMedia as of
the date of this release. The Company disclaims any intent or obligation to
update any forward-looking documents.
FOR IMMEDIATE RELEASE
For: MobileMedia Corporation
Media Contact: Krista Grossman 201/969-4959
Investor Contact: Lynne Burns 201/969-4999
MOBILEMEDIA SETTLEMENT STIPULATION
APPROVED BY BANKRUPTCY COURT
Resolicited Class 6 Again Votes to Accept MobileMedia's Confirmation Plan
No Additional Objections to Confirmation Receive
Confirmation Hearing Adjourned Until April 12, 1999
- -------------------------------------------------------------------------------
FORT LEE, NJ, March 24, 1999 -- MobileMedia Corporation announced that the
United States Bankruptcy Court for the District of Delaware has approved the
stipulation filed March 12, 1999 (the "Stipulation"), which resolves pending
objections to MobileMedia's Third Amended Joint Plan of Reorganization (the
"Plan"). Under the Stipulation, the Plan will either be confirmed or denied by
the Bankruptcy Court at a hearing on April 12, 1999. The Plan provides for the
merger of MobileMedia into Arch Communications Group, Inc. ("Arch") (Nasdaq:
APGR).
Under the Stipulation, the confirmation hearing, which had been continued to
March 26, 1999, has been rescheduled for April 12, 1999 as a result of the
Objectors having notified MobileMedia that the Objectors are "reasonably
confident" that an alternative proposal for reorganization of the Debtors (the
"Objectors Proposal") will be delivered on or before April 1, 1999. If the
Objectors Proposal is delivered by April 1, 1999 (and not withdrawn), the
Bankruptcy Court will determine at the April 12 hearing whether the Objectors
Proposal meets the requirements set forth in the Stipulation, including that the
Objectors Proposal (A) be capable of confirmation and consummation within a
reasonable period of time, (B) provide (x) for payment in full in cash of (i)
all administrative claims, including the breakup fee in the amount of $25
million that may be payable to Arch under the merger agreement with Arch, and
(ii) the Allowed Claims of Classes 4 and 5 (except for default interest) under
the Plan (approximately $485 million), and (y) for a distribution to Class 6
(general unsecured creditors) that is materially greater in value than the
distribution to Class 6 under the Plan, (C) have financing committed or
reasonably capable of being obtained and (D) after taking into account all
relevant business factors (including, without limitation, any conditions and
contingencies), be superior to the Plan. Depending on that determination, and a
determination of whether the Plan meets the requirements of the Bankruptcy Code,
the Plan will either be confirmed or denied.
MobileMedia also announced that its Class 6 (general unsecured) creditors voted
to accept the Plan in the Court-ordered resolicitation of this class.
MobileMedia said that 69.3% in dollar amount and 59.6% in number of those voting
voted to accept the Plan, and that based on these results and the requirements
of the Bankruptcy Code, Class 6 has accepted the Plan. The two other voting
classes (Classes 4 and 5) accepted the Plan in the initial solicitation and were
not resolicited. In addition, MobileMedia received no additional objections to
confirmation of its
<PAGE>
MobileMedia Files Proposed Stipulation/Page 2
Plan. Both the Supplemental Voting Deadline and the Supplemental Objection
Deadline were March 23, 1999.
MobileMedia filed a voluntary petition under chapter 11 of the U.S. Bankruptcy
Code on January 30, 1997. MobileMedia and Arch executed their merger agreement
on August 19, 1998 and have since executed certain amendments thereto. On
December 2, 1998, MobileMedia also filed the Plan, which provides for the
merger. The Federal Communications Commission approved the transfer of wireless
messaging licenses from MobileMedia to Arch by order dated February 2, 1999 and
released on February 5, 1999.
MobileMedia Corporation, Fort Lee, N.J., is one of the largest providers of
paging and personal communications services in the United States, reaching
markets of over 95 percent of the U.S. population, including the top 100
metropolitan statistical areas. MobileMedia, with 3,000 employees, offers local,
regional and nationwide coverage to more than three million subscribers in all
50 states, the District of Columbia and in the Caribbean. The Company operates
two one-way nationwide FLEX(TM) networks and is constructing a nationwide
narrowband PCS network. MobileMedia, doing business as MobileComm, can be found
on the Internet at www.mobilecomm.com. The Company is not associated with
MobileComm, Inc. of Cincinnati, Ohio.
Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this news release that are not historical fact,
such as forward-looking statements concerning future financial performance and
growth, involve risks and uncertainties. Although MobileMedia believes the
expectations reflected in any forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Any forward-looking statements represent the best judgment of MobileMedia as of
the date of this release. The Company disclaims any intent or obligation to
update any forward-looking documents.
