Neotel International Inc. - Results of shareholders meeting



    TSX Venture Exchange Trading Symbol - NIT
    48,820,704 shares outstanding

    MARKHAM, ON, Aug. 11 /CNW/ - Neotel International Inc. ("Neotel") is
pleased to announce that, at its Annual and Special Meeting of Shareholders
held on July 24, 2008 the following nominees were elected to the Board of
Directors. Frank Maw, John Whincup, Dennis Bernhard and Inder Duggal were all
re-elected and Brian Sullivan was elected from the slate of nominees.
    Shareholders approved the appointment of Deloitte & Touche LLP as
auditors for the Company and authorized the Board of Directors to fix their
remuneration.
    Shareholders approved a Special Resolution authorizing the Directors of
the Company to change the name of the Company from Neotel International Inc.
to Tenth Power Technologies Corp. The Directors will now determine if this is
the most appropriate decision and, if so, will seek all necessary approvals in
order for this change to take effect.
    Shareholders also approved the 2008 Stock Option Plan. Under the 2008
Stock Option Plan a maximum of 10% of the issued and outstanding common shares
of the Company will be reserved for options to be granted at the discretion of
the Board of Directors. The Plan will now be filed with the TSX Venture
Exchange for approval prior to the granting of any options.
    At the directors meeting held immediately following the shareholders
meeting Frank Maw was appointed Chairman of the Board; John Whincup was
appointed CEO; Dennis Bernhard was appointed V.P. of Business Development and
Rick Lambrick was appointed President, all to hold office for the ensuing year
or until their successor is duly elected or appointed.
    The Audit Committee for the ensuing year is comprised of Inder Duggal,
Chairman; Brian Sullivan and Rick Lambrick.
    The HR Compensation Committee for the ensuing year is comprised of John
Whincup, Chairman; Brian Sullivan and Frank Maw.

    ABOUT NEOTEL INTERNATIONAL INC.

    Neotel International is a Canadian based technology and solutions
Company. The Company provides Bio-identity technology, Workflow and Resource
Management platforms, secure information transfer technology and innovative
product development and integration services. The company's products and
services are currently being delivered in the Government and Manufacturing
sectors and are being prepared for the Financial Services and Health Care
markets.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    

    %SEDAR: 00009136E




For further information:

For further information: Maureen Espin, Neotel International Inc., Tel:
(905) 948-9229 x28

Organization Profile

Tenth Power Technologies Corp.

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