TeraGo Appoints Joe Prodan CFO

TORONTO, ONTARIO--(Marketwired - Feb. 4, 2014) - TeraGo Inc. (TSX:TGO) (www.terago.ca) announced that its Board of Directors has appointed Joe Prodan, 44, Chief Financial Officer of the company effective February 4, 2014. Bosco Chan, who served as Interim CFO since May, will continue on as Vice President, Finance.

Stewart Lyons, TeraGo's CEO, stated, "In our 4 years working together in the past, Joe has proven a tremendously capable and focused TMT financial executive and I am extremely pleased he joins me now at TeraGo. Joe's accomplishments include nurturing nascent growth businesses, successful capital raises, and prudent financial and business management, and his skill set in driving business operations precisely matches TeraGo's immediate needs. The Board and management join me in welcoming him to the company. We want to also thank Bosco Chan for stepping up and doing a great job as Interim CFO during TeraGo's period of transition and will value his continued strong contributions to the Finance team."

Mr. Prodan commented, "Now is an exciting time to join TeraGo, as the company pursues growth in data centre services for Canada's small and medium businesses. I am excited to join the team to help build TeraGo's financial track record and drive the strategy and its returns to shareholders."

Joe Prodan served as CFO of Mobilicity from 2009 to 2013, a wireless telecom carrier serving Toronto, Vancouver, Calgary, Edmonton and Ottawa, aiding in the planning, financing and launch of the then new cellphone business in Canada. From 2005 to 2009, he was Vice President of Finance and CFO of SiriusXM Radio (formerly Sirius Canada), building the business as a member of the initial startup team. Prior to this, he was Director, Planning and Projects at ADP Canada from 2004 to 2005. From 1996 to 2003, he worked at Bell TV (formerly ExpressVu), where he began as Controller and then held Directorships of Financial Planning and Analysis, Finance, and Sales Operations. He holds a Certified Management Accountant, CMA, awarded in 1993 by The Society of Management Accountants of Ontario and earned an Honours Bachelor of Arts in Economics in 1991 from Wilfrid Laurier University.

ABOUT TERAGO NETWORKS

TeraGo Networks Inc. provides businesses across Canada with carrier-grade broadband, data and voice communications services. Colocation and disaster recovery solutions are also provided by Data Centers Canada, a division of TeraGo Networks. The national service provider owns and manages its IP network servicing over 6,500 customer locations in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.