Stock Symbol: MBT
- CEO tells shareholders why Company is optimistic about the future, H. Sanford Riley appointed to Board of Directors -
WINNIPEG, May 4 /CNW/ - Manitoba Telecom Services Inc. (the "Company" or "MTS Allstream"), today held its Annual General Meeting of shareholders at the Fort Garry Hotel in downtown Winnipeg where the election of the board of directors occurred, including the appointment of one new director - H. Sanford Riley. At the meeting, Pierre Blouin, Chief Executive Officer also addressed shareholders with an upbeat and enthusiastic presentation about the Company's future.
"We gather at an exciting time for our businesses, and our company," Mr. Blouin said today. "Telecom is top of mind for many Canadians, and we are seeing the introduction of new technologies and exciting new devices like never before...and it is no different for your company, a lot of exciting things are happening at MTS Allstream."
In his address, Mr. Blouin talked about the benefits of MTS's new 4G network, the significance of its investment and deployment of fibre-to-the-home technology to 25 rural communities in Manitoba over the next few years, as well as Allstream's strategy, and success so far, in capturing growth in the IP segment - the fastest growing segment of the business telecom market. Mr. Blouin also spoke to the crowd about the importance of the local community to the Company.
"The reasons for our optimism are the stability and leadership position of MTS in Manitoba with its new growth opportunities, combined with the upside opportunities for Allstream, particularly with its focus and strong growth of its IP product line," Mr. Blouin commented.
Joining the Company's Board of Directors is H. Sanford Riley, President and Chief Executive Officer of Richardson Financial Group Limited. Mr. Riley brings to the Board extensive leadership experience from some of the most prominent organizations in Manitoba and nationally, as well as expertise in finance, strategic planning and corporate governance. The Company's 10 returning directors include Pierre J. Blouin, Jocelyne M. Côté-O'Hara, N. Ashleigh Everett, The Honourable Gary A. Filmon, Gregory J. Hanson, Kishore Kapoor, David G. Leith, Donald H. Penny, D. Samuel Schellenberg and Carol M. Stephenson.
In addition, Deloitte & Touche LLP was reappointed as the auditors of the Company. Additional information on the business of the meeting is contained in the Company's Management Proxy Circular, which was filed and mailed to shareholders on April 1, 2011. For more information on the annual general meeting and a copy of the Chair's and CEO's remarks, visit the Investors section of www.mtsallstream.com.
About MTS Allstream
MTS Allstream Inc. is a wholly-owned subsidiary of Manitoba Telecom Services Inc. As one of Canada's leading national communication solutions companies, MTS Allstream provides innovative communications for the way Canadians want to live and work today. The Company has more than 100 years of experience, with 5,500 employees across Canada dedicated to a mission of delivering true value as seen through the eyes of our customers. MTS Allstream has nearly two million total customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company's extensive national broadband and fibre optic network spans almost 30,000 kilometres. Manitoba Telecom Services Inc.'s common shares are listed on Toronto Stock Exchange (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream are encouraged to visit: www.mtsallstream.com.
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information (collectively, the "statements") about our corporate direction, business opportunities, operations, financial objectives, planned activities, future financial results and performance that are subject to risks, uncertainties and assumptions. As a consequence, actual results in the future may differ materially from any conclusion, forecast, anticipation or projection in such forward-looking statements. Examples of statements that constitute forward-looking information may be identified by words such as "believe", "expect", "project", "should", "anticipate", "could", "target", "forecast", "intend", "plan", "outlook", "see", "set", "pending", and other similar terms.
Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters identified in the "Risks and Uncertainties" section and elsewhere in our most recent annual MD&A and any subsequent quarterly MD&As, as well as our most recent Annual Information Form, all of which are available on SEDAR at www.sedar.com.
Please note that forward-looking statements reflect our expectations as at the date hereof. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.
SOURCE MTS Allstream Inc.
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