Virtutone Networks Inc.
TSX VENTURE : VFX

Virtutone Networks Inc.

September 16, 2011 17:35 ET

Virtutone Networks Inc. Announces Grant of Options

FORT SASKATCHEWAN, ALBERTA--(Marketwire - Sept. 16, 2011) - Virtutone Networks Inc. (TSX VENTURE:VFX) ("Virtutone" or the "Company") announces that it has granted aggregate of 1,700,000 options to certain directors, officers and employees of the Company at an exercise price of $0.10. Of the 1,700,000 options granted 920,000 options were granted to directors and executive officers and the balance was granted to employees. The options granted will vest at the rate of one-third per year commencing on the first anniversary of the grant date and will expire five years from the grant date.

About Virtutone Networks Inc.

Virtutone Networks Inc (www.virtutone.com) is a publicly owned technology company based in Fort Saskatchewan and is listed on the TSX Venture Exchange. The Company is a leading supplier of fax over IP and voice over IP solutions. The Company's products work over terrestrial, wireless, and satellite connections.

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.

Contact Information

  • Virtutone Networks Inc.
    Jason Allen
    President and Chief Executive Officer
    (780) 702-5777
    www.virtutone.com