USA: Shared Technologies Cellular Sets New Course for Growth and Profitability at Annual Shareholder Meeting
Shared Technologies Cellular announced today at its Annual Shareholder Meeting, that it has initiated a series of actions to redirect the Company's resources in order to compete more aggressively in the marketplace, and to improve the long-term return on investment for shareholders. Included in the structured plan is the reduction and realignment of the Company's workforce, debt and equity financing, the implementation of new business strategies, the signing of strategic partners, the expansion of distribution channels, and the introduction of new programs to re-energize existing business relationships.
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