SOURCE: Juma Technology Corp.

February 02, 2011 17:13 ET

Statement From Juma Technology

FARMINGDALE, NY--(Marketwire - February 2, 2011) - Juma Technology Corp. (OTCBB: JUMT), a leading IP Convergence firm specializing in managed services, today announced that it has signed a letter of intent to sell certain of its assets, related to its telecommunications and systems integration business, to Carousel Industries of North America, Inc., subject to certain approvals. 

Juma Technology Corp., the publicly traded entity, shall continue to operate through its wholly owned subsidiary, Nectar Services Corp., a network monitoring and management software firm specializing in managed services for voice and data networks. Nectar Services shall continue its growth and expansion, worldwide, in conjunction and cooperation with its various valued Channel Partners in the voice and data industry.

Anthony Servidio, Juma Technology Corp.'s CEO, stated: "We are very pleased to have entered into this letter of intent and look forward to closing upon the sale of the Juma Systems Integration Business to Carousel Industries. This will serve a dual purpose. It allows us to transition our loyal and valued customers in the Systems Integration Business to a trusted leader in the industry so that we may focus and devote our full attention to the expansion and growth of our Nectar Services products and software, worldwide." 

About Juma Technology (www.jumacorp.com)
Juma Technology Corp. provides advanced IP Convergence solutions that integrate voice, data and video applications. Juma's IP Convergence solutions enable companies to increase productivity, enhance mobility and create significant cost savings, particularly for multi-location businesses. Juma has been recognized as an industry leader in providing integrated business communications and services, helping customers leverage network convergence to achieve their business goals. Nectar Services Corp., an IP communications and management services provider, is a wholly owned subsidiary of Juma and represents the company's software services division. The Nectar suite of services delivers real business solutions to help companies mitigate risk, centralize systems management and dramatically reduce telecom expenses. Follow Juma on Twitter: www.twitter.com/jumatech. Follow Nectar on Twitter: www.twitter.com/nectarcorp.

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