Initiative will generate significant operating cost savings
MONTREAL, May 4 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or "the Company") (TSX-V: PR) is pleased to announce that it has entered into a 3-year agreement with TELUS for the Fleet Complete service suite that will enable more effective management of the Prestige vehicle fleet which currently consists of approximately 160 units nationwide.
The TELUS GPS based Fleet Complete service will be an invaluable tool for Prestige as it will greatly improve employee safety and provide Prestige with accurate daily reporting on the operational metrics that are required to optimize fleet utilization.
Pierre Yves Methot, Chairman and CEO of Prestige Telecom, commented: "In keeping with our corporate strategy of continuously improving our field management tools and processes to better control costs, Prestige has just completed a field trial of the TELUS Fleet Complete system. The results of this trial and the feedback received were very positive, and led to our recent decision to roll out this system across our entire vehicle fleet. Based on information gathered during the trial and considering the results other companies have realized using GPS based fleet management systems, we can confidently project that this initiative will generate significant operating cost savings."
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 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 maintenance.
In Canada, Prestige has over 1,000 professional and technical personnel operating from nineteen (19) service locations in nine (9) provinces. Prestige'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.
The TSX Venture Exchange accepts no responsibility for the adequacy or the accuracy of this press release.
SOURCE PRESTIGE TELECOM INC.
For further information: For further information: Maryanne Golden, Director - Corporate Affairs, Prestige Telecom Inc., (514) 457-4488, ext: 273, firstname.lastname@example.org; www.prestige-tel.com