BAIE D'URFE, QC, Sept. 2 /CNW Telbec/ - Prestige Telecom announces that
its Board of Directors has granted stock options to its directors and some
officers in respect of an aggregate of 4,060,197 common shares. At the same
time, Prestige granted stock options to employees in respect of an aggregate
of 1,482,940 common shares. The options were granted in compliance with the
Stock Option Plan of Prestige.
The exercise price of the options is $0.25 per share. The closing price
of Prestige's shares on the TSX Venture Exchange on September 1, 2009 was
$0.20. The granted stock options will be vested over a period of five years at
a rate of 20% per year, the first tranche being vested at the end of the first
year following the granting of the stock options. The options expire in ten
About Prestige Telecom Inc.
Prestige Telecom is a leading provider of network engineering, materials
furnishing, installation and support services (commonly referred to as EF&I
services) required to construct, operate and maintain wireline, wireless and
cable television networks. Prestige Telecom assists telecommunications
original equipment manufacturers and service providers to engineer, install
and upgrade their infrastructures to support enhanced voice, high speed data
and video services. Prestige Telecom also provides technical and aerial
services to the Canadian communications and broadcast industries, including
tower supply, engineering, site construction, and infrastructure and equipment
In Canada, Prestige Telecom has over 750 professional and technical
personnel operating from fifteen service locations in 8 provinces. Prestige
Telecom's head office is located in Baie d'Urfé (Montreal), Quebec.
This press release contains certain forward-looking statements with
respect to the Company. Such forward-looking statements are dependent upon a
certain number of factors and are subject to risks and uncertainties.
Management does not assume any obligation to update or revise any
forward-looking statements, whether as a result of new information or future
events, except when required by the regulatory authorities.
Note to readers: Complete unaudited consolidated financial statements and
Management's Discussion & Analysis of Financial Position and Operating Results
were posted on SEDAR and are available at www.sedar.com.
The TSX Venture Exchange accepts no responsibility for the adequacy or
the accuracy of this press
For further information:
For further information: Pierre Yves Méthot, Chairman and Chief
Executive Officer of Prestige, (514) 457-4488, Ext. 277,