Mitec Telecom announces audited year-end and fourth quarter results from fiscal 2012

MONTREAL, July 31, 2012 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (NEX: MTM.H), today announced its year-end and fourth quarter results for the 2012 fiscal year, which ended April 30, 2012.

Mitec previously announced that several events took place during the fourth quarter of fiscal 2012, namely:

  • The sale of Mitec's VSAT assets in March, 2012;
  • The decision by Mitec to voluntarily delist its common shares from the Toronto Stock Exchange and apply for listing on an alternative exchange in April, 2012;
  • The termination of the letter of intent between Mitec and Optiway to combine the companies - previously announced in January, 2012.

Mitec successfully relisted its common shares for trading on the NEX exchange, which occurred at the close of business on June 7, 2012. Mitec's trading symbol is now "MTM.H".

Mitec's audited financial results and   additional information about Mitec, including its fourth quarter, 2012 Management Discussion and Analysis ("MD&A") can be accessed on Sedar (www.sedar.com).

About Mitec Telecom Inc.
Mitec is a leading designer and provider of radio frequency (RF) products for the telecommunications industry. Mitec sells its products worldwide to network providers for incorporation into high-performing wireless networks used in voice and data/internet communications. Mitec is located in Montreal, Canada. Mitec is listed on the TSX NEX exchange under the symbol MTM.H  On-line information about Mitec is available at www.mitectelecom.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: MITEC TELECOM INC.

For further information:

Source: Mitec Telecom Inc.

Contact:
Mr. Jeffrey Mandel
President, CEO & Chairman
jeffrey.mandel@mitectelecom.com
Tel.:  (514) 694-9000

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MITEC TELECOM INC.

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