TORONTO, March 3 /CNW/ - Telehop Communications Inc. ("Telehop")
announced today that it has granted an aggregate amount of 50,000 stock
options at an exercise price of $0.75 per share to John Ng, Chief Financial
Officer of Telehop.
The options have a term of 5 years and have vesting restrictions. There
are currently 873,500 shares reserved for issuance under the company stock
Telehop trades on the TSX Venture Exchange under the symbol HOP and has
13,363,500 common shares outstanding.
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of this release.
About Telehop Communications Inc.
Telehop is licensed by the CRTC and provides a complete range of
value-priced telecommunications services to Canadians in both residential &
business markets. Telehop offers its branded 10-10-620 and the 10-10-100 Dial
Around Services and "WorldTalk(TM)" 'Equal Access' Long Distance and
alternative Directory Assistance Programs. Telehop also provides toll free
numbers, Virtual Calling Cards, and "Broadtalk(TM)" VOIP flat rate service.
For more information on Telehop's products and services check our
websites; www.telehop.com; www.myworldtalk.com; www.1010100.com;
www.1010620.com; and www.broadtalk.ca
More investor information on Telehop (HOP-TSX Venture) may be obtained at
http://www.sedar.com or by calling Patrick V. Farrell at (416) 494 4490 ext
399, or 1-866-530 7988 or e-mail email@example.com
For further information:
For further information: Hersh Spiegelman, Chairman of the Board, (416)