Virtutone Networks Inc.
TSX VENTURE : VFX

September 09, 2010 13:08 ET

Virtutone Networks Inc. Announces the Appointment of A New CFO

FORT SASKATCHEWAN, ALBERTA--(Marketwire - Sept. 9, 2010) - Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX VENTURE:VFX) announces that it has granted aggregate of 150,000 options an officer of the Company at an exercise price of $0.20. The Company also issued an additional 30,000 options to an employee of the Company at an exercise price of $0.20 . The options have an exercise price of $0.20 per share. 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 in five years.

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