Tellza Communications Inc.
TSX : TEL

Tellza Communications Inc.

November 24, 2015 18:13 ET

Tellza Acquires Common Shares for Cancellation

TORONTO, ONTARIO--(Marketwired - Nov. 24, 2015) - Tellza Communications Inc. (TSX:TEL) announced today that it has purchased for cancellation 8,804,014 common shares of Tellza Communications Inc., representing approximately 5% of the outstanding shares of the Company, at an average price of $0.10 per common share. As in the past, Tellza will continue to buy and cancel its shares when opportunities present themselves.

The shares were acquired from Company executives and former executives pursuant to an exemption from issuer bid requirements under applicable securities law. Following the cancellation, the Company will have 168,610,600 common shares outstanding.

The Company's financial statements and other disclosures are available on SEDAR.

About Tellza

Tellza is a global communications company operating under several brands including Route Dynamix, Phonetime, Tel3, MatchCom and Tellza Technologies. Tellza is a public company listed on the Toronto Stock Exchange (TEL).

Caution Regarding Forward Looking Information:

This press release contains forward-looking statements, which may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Tellza's actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See www.sedar.com which contains all securities files.

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