VANCOUVER, July 18, 2013 /CNW/ - Vancouver-based Teliphone Corp.
(OTCQB:TLPH), one of the world's local digital telecommunications
companies, announced today that it has reached an agreement to sell all
its IPTV (Internet Protocol Television) assets to Coastline
Broadcasting Limited of Black Creek, British Columbia.
The sale provides for the transfer of all Teliphone's IPTV
infrastructure to Coastline, currently a regional cable provider in
British Columbia and member of the Canadian Cable Systems Alliance,
which will use the technology as an additional method of distributing
digital TV to its current subscribers as well as expanding its service
to new subscribers. As a result of the agreement, Teliphone becomes an
authorized re-biller of Coastline new media services.
The Company will file any required disclosures with the US Securities
and Exchange Commission within the prescribed period.
About Teliphone Corp. / Teliphone Navigata-Westel Inc.
From its origin in 1957 as BC Rail Telecom, to its evolution into
Teliphone Navigata-Westel, the company, with over 117 employees and
over $43 million in annualized sales, it is now one of the largest
independent facilities-based Competitive Local Exchange Carriers (CLEC)
in Canada. The company provides voice, data, broadband Internet, IT
support, Cloud computing, Co-location data centres and IPTV service
across Canada. Teliphone services carriers, business, government and
residential customers on a national network which includes a wireless
backhaul network, a trans-Canada SONET fibre optic network and multiple
CLEC/ILEC mutual CO facilities. Teliphone also operates a US network
and its voice and IPTV services are available in 47 countries.
About Coastline Broadcasting Ltd.
Coastline Broadcasting Ltd. is a regional cable television operator in
British Columbia. It currently serves 800 subscribers in the Courtenay
This press release includes "forward-looking statements" as defined by
the SEC. All statements, other than statements of historical fact,
included herein that address activities, events or developments that
Teliphone Corp expects, believes or anticipates will or may occur in
the future, including anticipated benefits and other aspects of the
proposed acquisition, are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially. Readers are cautioned
not to place undue reliance on forward-looking statements, which speak
only as of their dates. Except as required by law, Teliphone Corp does
not intend to update or revise its forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE: Teliphone Corp.
For further information:
Senior Vice President, Corporate Affairs
Tel: +1 604 990 2000