SOURCE: Tellza Communications Inc.

Tellza Communications Inc.

November 24, 2016 08:06 ET

Tellza Retires 5% of its Common Shares

TORONTO, ON--(Marketwired - November 24, 2016) - Tellza Communications Inc. (TSX: TEL) announced today that it has retired 562,000 of its issued and outstanding common shares, representing approximately 5% of the outstanding shares of the Company, at an average price of $1.70 per common share.

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 10,678,707 common shares outstanding.

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

About Tellza

Tellza operates under several brands including: Route Dynamix, Phonetime, MatchCom, Tellza Technologies, Rightway Funding, & Merkez Faktoring. 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.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:

    Tellza Communications Inc.
    Gary Clifford
    Executive Chairman
    +647 281 1831
    gclifford@tellza.com

    Tellza Communications Inc.
    Michael Vazquez
    CEO
    +954-608-5058
    mike@tellza.com