Telehop Communications Inc

October 14, 2008 09:36 ET

Telehop Communications Inc. Provides Update on Globalive Discussions

TORONTO, ONTARIO--(Marketwire - Oct. 14, 2008) - Telehop Communications Inc. ("Telehop") (TSX VENTURE:HOP) announced today that it has not reached agreement with Globalive on the purchase price for Telehop. At this time discussions between the parties are continuing on a non-exclusive basis as the Board of Directors looks to maximize the value for all shareholders.

The Company is expected to schedule its annual shareholders meeting shortly.

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

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