Goodman Networks: Goodman Networks RSA Amendment

FRISCO, Texas, Feb. 28, 2017 -- Goodman Networks Incorporated and certain of its subsidiaries ("Goodman") and the parties to the Company's previously announced Restructuring Support and Forbearance Agreement (the "RSA") entered into an amendment to that RSA, which, among other things, amends the outside date by which the Company must commence chapter 11 cases to March 13, 2017. The Company expects to commence the solicitation of votes to accept or reject the Company's prepackaged Chapter 11 plan of reorganization in the near term in advance of filing for chapter 11 protection. The terms of the RSA provide for the previously announced recoveries to the Company's creditors and interest holders pursuant to the Company's plan of reorganization, including honoring the Company's obligations to its customers, employees, vendors, and other unsecured creditors in the ordinary course of business with no disruptions. The Company will continue to operate its business as usual in all respects and the chapter 11 filing is not expected to have an impact on the Company's operations.