/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
BAIE D'URFE, QC, June 1 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige"
or "the Company") (TSX-V:PR), is pleased to announce that in order to support
the current growth of its operations, it has entered into a 3 year contract
with Transportaction Lease Systems Inc. for vehicle leases and fleet
management services. The agreement encompasses 70 replacement and additional
vehicles across Canada and is valued at approximately $1.7 million.
"This agreement is expected to yield savings for Prestige Telecom of
$500,000 per year and is an important element of our cost rationalization
program that we initiated after the acquisition of Radian Communications
Services (Canada) Ltd. in Dec. 2008" said Douglas Breitenbach, Chief
Procurement Officer of Prestige. "We selected Transportaction because of their
competitive leasing rates, comprehensive fleet services package and their
ability to provide these services in all 15 of our locations across Canada"
added Mr. Breitenbach.
"We are pleased to be selected to provide nationwide vehicle leasing
services to Prestige Telecom and look forward to working with them as they
continue to grow their telecommunications infrastructure services business
across Canada" said Paul Turner, Senior Vice President, Sales & Services of
Transportaction Lease Systems Inc.. "This agreement further illustrates our
capabilities to provide comprehensive fleet services to companies that operate
on a nationwide footprint" added Mr. Turner.
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.
About Transportaction Lease Systems Inc.
Established in 1980, Tranportaction provides fleet management services
and programs that assist companies of all sizes to effectively operate their
vehicle fleets and control costs. The company manages in excess of 1,100
fleets with over 58,000 vehicles nationally, making Transportaction one of
Canada's largest fleet management companies. The company operates out of its
head office located in Toronto and full service branch offices in Montreal,
Calgary, Edmonton, and Vancouver.
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 release.
For further information:
For further information: Pierre Yves Méthot, Chairman and Chief
Executive Officer, Prestige Telecom Inc., (514) 457-4488, Ext. 277,
email@example.com; www.Prestige-tel.com; Source: Prestige Telecom