QuStream Corporation

QuStream Corporation

April 10, 2007 09:21 ET

QuStream Announces the Appointment of Angelo Tullo as its New Vice President of Finance and Chief Financial Officer

TORONTO, ONTARIO--(CCNMatthews - April 10, 2007) - QuStream Corporation ("QuStream") (TSX VENTURE:QVC) announced today that, after an exhaustive search process, it has named Angelo Tullo as its Vice President of Finance and Chief Financial Officer.

Angelo Tullo, a Chartered Accountant, comes to us after spending the past seven years with Aastra Technologies Limited, most recently as Director, Finance and Special Projects and as Corporate Controller prior to that. Angelo has vast financial experience as well as international M&A experience. Angelo will start on April 10, 2007.

"Angelo Tullo possesses the right skill, experience and attitude to help QuStream in its next phase of development. I am delighted that we were able to attract someone of Angelo's caliber," said Frederick L. Godard, Chairman, President and CEO of QuStream.

About QuStream

QuStream, through its wholly owned subsidiaries PESA and Fortel DTV™, is a global provider of integrated solutions to the creators and distributors of professional video content including the high-definition television and professional audio/video market segments. QuStream is headquartered in Toronto, Canada with offices in New York, Georgia, and Alabama. For more information, visit QuStream at www.qustream.com, www.pesa.com, and www.forteldtv.com.

All products mentioned herein are trademarked property of their respective owners.

Forward-Looking Statements

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address QuStream's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Company's filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • QuStream Investor Contact:
    Fred Godard
    Chief Executive Officer
    (416) 385-2323 x 200
    Email: godard@qustream.com