Virtutone Networks Inc.
TSX VENTURE : VFX

Virtutone Networks Inc.

January 23, 2012 13:56 ET

Virtutone Introduces New Web-Based Management Portal: SNAP!

SHERWOOD PARK, ALBERTA--(Marketwire - Jan. 23, 2012) - Virtutone Networks Inc. (TSX VENTURE:VFX), a leading provider of Internet-based telephony services, introduced today its Simple Network Access Portal (SNAP!) which allows Virtutone customers and resellers to quickly provision and manage Voice over Internet Protocol (VoIP) lines from any internet connection in the world. Virtutone has taken a leadership role in the development of web-based provisioning tools for VoIP services, allowing its customers to activate new lines within minutes instead of days or weeks. Using SNAP!, Virtutone's customers can provision SIP lines (voice or fax ) from over 9,000 local exchanges in North America, any exchange in Australia, United Kingdom, and in over other 60 countries worldwide.

"SNAP! is an extremely advanced provisioning tool for the VoIP industry today, which allows our customers to activate new voice or fax lines in almost any area code or exchange in North America, Australia, United Kingdom and in over 60 other countries. This is especially important to companies who supply communication packages to oil and gas drilling rigs in North America. A drilling rig may be in one state for several weeks and then quickly move to another. Each move requires new telephone numbers. While it takes other VoIP providers days, or even weeks, to provision a new telephone number, Virtutone's customers can provision voice lines themselves in just minutes, providing them a significant advantage. The development of SNAP! will help Virtutone to advance its position as a leading provider of VoIP and Fax over Internet Protocol (FoIP) to the drilling segment of the oil & gas Market as well as open up new markets that need a simple way to activate and deactivate lines and telephony features." said Jason Allen, Virtutone's President & Chief Executive Officer.

About Virtutone Networks, Inc.

Virtutone Networks Inc is a technology company based in Sherwood Park and is shares are listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: VoIP, FoIP, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. Additional information can be found on the company's website at www.virtutone.com.

This press release contains forward-looking statements or forward-looking information (collectively "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are any statements other than statements of historical fact. Specifically, this press release includes, without limitation, forward-looking statements regarding: the application of SNAP! services to the drilling segment of the oil and gas industry; the ability of customers to activate new voice or fax lines throughout North America, Australia, the United Kingdom and over 60 other countries; and Virtutone's position as a leading provider of VoIP/FoIP services to the drilling segment of the oil and gas industry. These forward-looking statements are based upon the opinions, expectations, estimates and assumptions of management as at the date the statements are made, including, without limitation, assumptions with respect to: the implementation of SNAP! services in the drilling segment of the oil and gas industry; the general economic conditions in North America. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by the forward-looking statements contained herein depending on, among other things, risks relating to: new technology relating to the provision of VoIP/FoIP lines; changes in the general economic conditions in North America; a failure to achieve anticipated benefits from the introduction of SNAP! services. The statements in this news release are made as of the date of this release. We undertake no obligation to update such forward-looking statements except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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