TORONTO, ONTARIO--(Marketwired - Jan. 6, 2014) - Tellza Communications Inc. (TSX:TEL) announced it entered into an agreement to acquire 90% of MatchCom LLC, A Florida company ("Matchcom"). The purchase consideration is $585,000 in cash and the issuance of five million common shares from treasury. Matchcom's (http://www.matchcoms.com) business is complimentary to Tellza's other brands and is expected to contribute $500,000 of profits annually. The transaction is expected to close in January 2014 and is subject to customary due diligence, regulatory approval, and the approval of Tellza's board of directors.
"We are pleased to have come to terms with Matchcom, the acquisition is immediately accretive to Tellza," said Gary Clifford, Executive Chairman.
The Company's other disclosures are available on SEDAR.
Tellza is a global communications company operating under several brands including Route Dynamix, Phonetime, Tel3, GoLifeTel, 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.