[PPRAANet] Rohn Tower Files for Bankruptcy

[Roger G. Stubbe]

>From "Radio" Magazine's "RADIO CURRENTS"
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Rohn Tower Files for Bankruptcy=20

Peoria, IL - Sept 16, 2003 - Rohn Industries, a provider of towers to
the telecommunications industry, announced that the company and five of
its direct and indirect subsidiaries have filed voluntary petitions for
Chapter 11 relief in the United States Bankruptcy Court for the Southern
District of Indiana. The company also announced that, concurrent with
the Chapter 11 filing, it has entered into a $9.5 million
debtor-in-possession line of credit with the lenders that are party to
the company's amended and restated credit agreement, subject to the
approval of the Bankruptcy Court, which will include funds that will be
rolled forward from the company's current credit facility.=20

Subject to the provisions of the Bankruptcy Code, the company remains in
possession of its assets and properties, and continues to operate its
business. Rohn said that the objective of the Chapter 11 proceeding is
to maximize recovery to creditors by facilitating an orderly sale of
assets. Rohn is currently in discussions with an unrelated third party
regarding a proposed sale of the assets of the company.=20

On the filing of the bankruptcy petition, Stephen Gorman and Jordan
Roderick each have resigned from the company's Board of Directors.
Currently, Horace Ward, the chief executive officer of the company, is
the only remaining director.=20
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Roger G. Stubbe W=D8ZMU
P. O. Box 39800
Colorado Springs, CO  80949-9800
Tel:  +1 (719) 590-9800
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