SCN QUADRA 04 - Ed. Centro Empresarial Varig, sala 702-A
Cep: 70.714-000 - Brasília (DF) - Brazil
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Oscar Thompson
CEO and Head of Investor Relations
oscar@telepart.com.br
Phone: 55 61 3429-5600
Brasília, Brazil, May 15, 2006 Tele Norte Celular Participações S.A. (BOVESPA: TNCP3 (Common Shares) / TNCP4 (Preferred Shares); NYSE: TCN) informs the market that it will be unable to release its 1Q06 financial statements on time, as Amazônia Celular S.A. (the Controlled Company) has not yet provided Tele Norte Celular Participações with full information on that period to allow the preparation of said financial statements.
As stated in a letter addressed to the Brazilian Securities and Exchange Commission (CVM) on May 12, the Controlled Company will be providing Tele Norte Celular Participações with the necessary information to the preparation of said financial statements within 5 (five) days of the issuance of that letter. Once such information is received, Tele Norte Celular Participações will concentrate its efforts to release its 1Q6 financial statements as soon as possible.
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This press release contains forward-looking statements. Such statements are not statements of historical fact, and reflect the beliefs and expectations of the Company's management. The words "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "predicts," "projects" and "targets" and similar words are intended to identify these statements, which necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include those resulting from the short history of the Company's operations as an independent, private-sector, entity and the introduction of competition to the Brazilian telecommunications sector, as well as those relating to the cost and availability of financing, the performance of the Brazilian economy generally, the levels of exchange rates between Brazilian and foreign currencies and the Federal Government's telecommunications policy. Accordingly, the actual results of operations of the Company may be different from the Company's current expectations, and the reader should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments.
TELE NORTE CELULAR PARTICIPAÇÕES S.A. | ||||
By: | /s/ Oscar Thompson | |||
Name: | Oscar Thompson | |||
Title: | CEO and Head of Investor Relations |