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.
For further information:
Mr. Joseph Bassili
President and Chief Executive Officer
COLBA.NET TELECOM INC.