Telehop announces reelection of the Management Slate of Directors

TORONTO, May 27, 2011 /CNW/ - Telehop Communications Inc. announces that Lawrence Cyna, Michael Boyd, Jim Estill, Theo Luykenaar and Mitchell Blum, the five directors proposed by Management were reelected at the annual shareholders meeting held on May 25th and attended by shareholders and guests. Lawrence Cyna, Chairman of the Board, thanked all shareholders for their continued support and welcomed Jim Estill as the newest Board member along with welcoming Rajiv Jagota as Telehop's new President and CEO.  At the meeting, Mr. Jagota gave management's strategy for Telehop's growth and vision, "To be the number one provider of VoIP Home Phone, Internet, and Long Distance services to the ethnic communities across Canada".

A Mergers and Acquisition Committee was also established with Jim Estill appointed as its chairman.

The Company also announces the issuance of stock options in the amount of 25,000 options for each returning director, and 100,000 options for Mr. Estill who joined the board in April 2011.  An additional 25,000 options are being issued to an officer of the company per the employment agreement.  The total number of options issued is 225,000, and the exercise price is set at $0.10 per share, which is slightly higher than the closing price on May 25, 2011.

About Telehop Communications

Telehop Communications is a Canadian Radio-television and Telecommunications Commission ("CRTC") licensed Class "A" telecommunications carrier based in Ontario.  Telehop offers a variety of telecommunications services to consumers including casual calling, long distance, VoIP Home Phone, and Internet. Its shares are listed on the TSX-Venture Exchange under the symbol HOP.

Certain statements in this press release may constitute "forward looking statements" and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any performance or achievement expressed or implied by such "forward looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release

SOURCE Telehop Communications Inc.

For further information:

Rajiv Jagota at 416-494-4490

Profil de l'entreprise

Telehop Communications Inc.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.