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Teliphone Corp. Completes First Phase of Teliphone Navigata-Westel RestructuringTORONTO, Dec 5, 2012 (GlobeNewswire via COMTEX) -- Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies has completed the first phase of restructuring of its recent asset acquisition, Teliphone Navigata-Westel, a wholly-owned subsidiary. Teliphone recently acquired the core assets and operations of Navigata Communications 2009 Inc. through an acquisition company which will now operate as Teliphone Navigata-Westel. Under the restructuring plan, facilities are being consolidated and human resources are being rationalized to allow the company to immediately operate much more efficiently and provide better service to its clients. The restructuring will be seamless to its clients and partners. Teliphone's President and Chief Executive Officer, Benoit Laliberte, stated, "We are very pleased with how the restructuring is progressing and we can already see the benefits of our actions. We believe our clients will immediately benefit from this revitalized company. We are also introducing a whole range of new and cutting edge telecommunications products. We expect that our plan will accelerate Teliphone's growth and result in a stronger company well positioned to meet the needs of a growing market." About Teliphone Corp. Teliphone Corp. is one of the world's local digital telecommunications companies providing voice, data, Internet and IPTV to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. This includes its British Columbia wireless microwave backhaul network, its Canadian Wavelength Fibre Optic Network, CLEC Operations, and its mutual CLEC/ILEC co-location facilities. Forward-Looking Statements This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that Teliphone Corp expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, Teliphone Corp does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: Teliphone Corp. CONTACT: Teliphone Corp Sandra Parkinson Tel: +1 514 313 6000 [email protected] |