Yak Communications Inc.

Yak Communications Inc.

October 12, 2005 08:30 ET

Yak Communications Inc. Announces Date of Annual Shareholders Meeting

MIAMI, FLORIDA and TORONTO, ONTARIO--(CCNMatthews - Oct. 12, 2005) - Yak Communications Inc. (NASDAQ:YAKC), a provider of telecommunication services to residential and business customers, announced today its Annual Meeting of Shareholders will be held on Monday, December 12, 2005 at the offices of Adorno & Yoss LLP, the Company's corporate counsel, in Miami, Florida. The record date for the shareholders meeting is October 17, 2005.

About Yak Communications Inc.

Yak Communications Inc. (the "Company") (NASDAQ:YAKC) is an Integrated Communications Provider (ICP) offering a full array of long distance (1+, toll free and dial-around), local lines, travel cards, cellular long distance, data services, and broadband voice (VoIP) to residential and small businesses in North America over high speed internet access. Yak currently serves approximately 900,000 customers for its traditional telecom services. For more information, visit http://www.yak.com

Forward Looking Statements:

Statements contained in this news release, which are not strictly historical are forward looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. The Company makes these statements based on information available to it as of the date of this news release and assumes no responsibility to update or revise such forward-looking statements.

Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements.

Words such as "projects", "believe", "anticipates", "estimate", "plans", "expect", "intends", and similar words and expressions are intended to identify forward-looking statements and are based on our current expectations, assumptions, and estimates about us and our industry. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Although the Company believes that such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, risks and uncertainties. These factors, risks and uncertainties include, without limitation, the results of the audit and review processes performed by the Company's independent auditors with respect to any restatement of the Company's historic financial statements, the results of any guidance received from the Office of the Chief Accountant of the SEC may require further restatement of the Company's historical financial statements, the Company's success in integrating the operations of any newly-acquired businesses, and associated reduction in costs, the successful implementation of its business plans including growth of existing product offerings, strategic acquisitions and development of broadband telephony products, the successful integration of new management team members, continued and increased demand for its services, the successful deployment of new equipment and realization of material savings there from, competition from larger and/or more experienced telecommunications providers, its ability to continue to develop its markets, general economic conditions, changes in governmental regulation, and other factors that may be more fully described in the Company's literature and periodic filings with the Securities and Exchange Commission. You are urged to carefully review and consider these disclosures, which describe certain factors that affect our business.

Contact Information

  • Yak Communications Inc.
    Larry Turel
    Investor Relations
    1-305-933-8322 ext 105
    The Global Consulting Group
    Kathy Price
    Investor Relations