Virtutone Networks Inc.
TSX VENTURE : VFX

Virtutone Networks Inc.

April 25, 2012 09:30 ET

Virtutone Ranks #1 on Branham300's Top 10 Growth Companies for 2011

SHERWOOD PARK, ALBERTA--(Marketwire - April 25, 2012) - Virtutone Networks Inc.,("Virtutone") (TSX VENTURE:VFX) a leading provider of Internet-based business telephony services, announced today that it has ranked #1 on the Branham300 list of Top 10 ICT Growth Companies and 298th on the Branham300 list of Top Information and Communications Technology (ICT) Companies in Canada for 2011.

"We are pleased to have been recognized as the fastest growing ICT company in Canada last year by the Branham Group. Virtutone has enjoyed substantial growth over the past few years, and will strive to continue that growth in the years ahead," said Jason Allen, Virtutone's President and Chief Executive Officer.

About the Branham300

For nearly 20 years, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues. It illustrates the depth and breadth of innovative technologies developed in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry. The Branham300 list consists of the following major categories:

  • Top 250 Canadian ICT Companies
  • The Next 50 Canadian ICT Companies
  • Top 25 ICT Multinational Companies operating in Canada
  • Top 25 Up and Comer ICT Companies (category ranked on innovation/not revenue)

The Branham300 also recognizes the leaders within each of the sectors of the Canadian ICT industry:

- Top 25 Canadian Software Companies

- Top 25 Canadian ICT Professional Services Companies

- Top 25 Canadian ICT Hardware and Infrastructure Companies

- Top 10 Canadian xService Providers (xSP) - (includes ASP, ISP, Wireless SP, MSP, etc.)

- Top 10 Canadian ICT Security Companies

- Top 10 Canadian Wireless Solutions Companies

- Top 5 Pure-Play Canadian Healthcare ICT Companies

- Top 5 Mixed-Play Canadian Healthcare ICT Companies

- Top 10 ICT Staffing Companies

- Top 5 SaaS Companies

- Top 5 Mobile Technologies Companies

- Top 20 Movers and Shakers

- Top 10 Growth Companies

The Branham300 is published annually on www.branham300.com, as well as in the April/May issue of Backbone Magazine (www.backbonemag.com). Keep up to date with the Branham300 and Branham Group on twitter at @branhamgroup, through Branham's Newsletter, or RSS feed.

About Virtutone Networks Inc.

Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: Voice over Internet Protocol, Fax over IP services, 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 document may contain certain forward-looking informational statements("Forward- looking statements") as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Forward-looking statements are any statements other than statements of historical fact. The use of any "plan" "expect " "project" "believe" "should" "anticipate" or other similar words or statements that contain events "may" or "will" occur are intended to identify forward-looking statements. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law.

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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