GVIC Communications:
- Announces value enhancement initiatives
- A program of strategic initiatives has been undertaken to enhance its operations and financial position
- Initiatives have been designed to address current economic and market challenges, position co for long-term growth
- Says initiated plans to sell a significant portfolio of real estate properties in the near term
- Says a variety of significant cost reduction measures have and are being implemented to reduce overall operating costs
- Initiatives are targeted to reduce costs by more than $7 million on anannualized basis
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