Tranzeo Wireless Technologies Inc.
TSX : TZT

Tranzeo Wireless Technologies Inc.

December 05, 2011 08:45 ET

Tranzeo Wireless Provides Update to Investors

PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2011) - Tranzeo Wireless Technologies, Inc. (TSX:TZT), a leading producer of high-speed wireless broadband communication systems, wishes to provide an update to investors following the announcement by the TSX that it has determined to delist the Company's common shares. The Company has determined to file an appeal with the TSX with the objective of maintaining its listing on the TSX. The Company believes that its business continues to merit listing on the TSX, particularly in view of the achievements made by the Company in securing WiMax and Backhaul sales to major Indian telecommunications providers. The Company will also concurrently initiate efforts to list on an alternate Canadian stock exchange should any appeal not be successful. Tranzeo assures investors that it will purse all avenues to ensure that the Company's common shares will continue to be publicly traded in Canada.

Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo Wireless Technologies Inc.

About Tranzeo Wireless Technologies Inc:

Tranzeo Wireless Technologies Inc. (TSX:TZT) leads the wireless broadband industry as a premier manufacturer of high-performance wireless network equipment that allows communities and businesses to communicate without boundaries. Tranzeo's full spectrum of point-to-point and point-to-multipoint radios, WiMAX equipment, and mesh network solutions are designed for wireless internet service providers, governments, campuses, military, carriers, enterprise customers, and systems integrators around the globe. Headquartered in British Columbia, Canada, Tranzeo also has offices in San Diego, California. Visit http://www.tranzeo.com or phone 1.866.872.6936 for more information.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. We use words such as "anticipate", "plan", "expect", "believe", "intend" and similar expressions to identify forward-looking statements that relate to our business, management, operating results and financial condition. These statements are not historical facts, but reflect our current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" in our Annual Information Form and Management's Discussion and Analysis which may be found on SEDAR at www.sedar.com

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