TORONTO, ONTARIO — (Marketwired) — 11/21/13 — Tellza Communications Inc. (TSX: TEL) announced today that it has purchased for cancellation 8 million common shares of Tellza Communications Inc., representing approximately 4.2% of the outstanding shares of the Company, at an average price of $0.11 per common share. As in the past, Tellza will continue to buy its shares for cancellation when opportunities present themselves which make such acquisitions in the best interests of the Company and its shareholders.
The shares were acquired from Company executives and former executives pursuant to an exemption from issuer bid requirements under applicable securities law. Following the cancellation of the purchased shares, the Company will have 183,231,492 common shares outstanding.
“We are pleased to have acquired and cancelled 8.0 million common shares. Last year, Tellza acquired and cancelled 7.5 million shares. The cancellation of shares by Tellza is a benefit to our shareholders. Thank you for your continued support.” said Gary Clifford, Executive Chairman.
About Tellza
Tellza is a global communications company operating under several brands including Route Dynamix, Phonetime, Tel3, GoLifeTel, and Tellza Technologies. Tellza is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “indicates” or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Phonetime-s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See which contains all securities files.
Contacts:
Tellza Communications Inc.
Gary Clifford
Executive Chairman
Tellza Communications Inc.
Michael Vazquez
President
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