SAINT-LAURENT, QC, Jan. 9, 2012 /CNW Telbec/ - COLBA.NET TELECOM INC. ("TELECOM") (CNSX: CB) announces that it amalgamated with its
wholly-owned subsidiary COLBA.NET INC. effective as of January 1st,
2012. This amalgamation was completed by way of a vertical short-form
amalgamation under the Canada Business Corporations Act. TELECOM will carry on its business under the name COLBA.NET TELECOM
INC. and its French version TÉLÉCOM COLBA.NET INC. and its shares will
remain listed on the Canadian National Stock Exchange (CNSX) under the
stock symbol "CB".
TELECOM is a leading edge telecom company offering very high speed
Internet access, telephony and Internet Protocol Television (IPTV)
services at very competitive prices, compared to the price of major
telecom and cable companies.
Disclamer in Regard to Forward-Looking Statements
Certain statements included herein, including those that express
management's expectations or estimates of future performance of TELECOM
constitute "forward-looking statements" within the meaning of
applicable securities laws. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable by management at this time, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Investors are cautioned not to put undue reliance on
forward-looking statements. Except as required by law, TELECOM does not
intend, and undertakes no obligation, to update any forward-looking
statements to reflect, in particular, new information or future events.
SOURCE COLBA.NET TELECOM INC.
For further information:
Mr. Joseph Bassili
President and Chief Executive Officer
COLBA.NET TELECOM INC.