Virtutone Monthly Revenues
Posted: Thursday Sep 5 1:42:47PM 2013
Virtutone sells retail business to ComCanada
Virtutone Networks Inc (C:VFX)
Shares Issued 20,768,755
Thursday September 05 2013 - News Release
Mr. Jason Allen reports
VIRTUTONE ANNOUNCES SALE OF RETAIL DIVISION
Virtutone Networks Inc. has sold its retail division to
ComCanada Communications Inc. The effective date of the sale is Sept. 1, 2013.
ComCanada is a private telecommunications company based in Vancouver, B.C. Over
the next 90 days, Virtutone will work with ComCanada to transition its retail
client base, with no interruption to service.
"With the rapid growth of our wholesale division, we have
decided to put all of our focus there," said Jason Allen, chief executive
officer of Virtutone. "ComCanada is a very solid and reputable carrier who
specializes in hosted [private branch exchange] for business. They have also
been a supplier of ours for several years. This sale will allow us to reduce
overhead and costs, further streamlining our business."
"We are excited to welcome Virtutone's retail clients on to
our network and are looking forward to working with them for many years to come.
Hosted PBX is our primary focus, which makes this acquisition a perfect fit for
us," said Rick Orford, chief executive officer of ComCanada.
Posted: Tuesday Sep 3 12:07:28PM 2013
VIRTUTONE ANNOUNCES RECORD REVENUES
Virtutone Networks Inc.'s wholesale division generated over $4-million in
revenue for the month of August.
"August has been another record-breaking month for Virtutone," said Jason
Allen, chief executive officer of Virtutone. "Our wholesale division continues
to outperform all expectations."