MONTREAL, July 31, 2012 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec")
(NEX: MTM.H), today announced its year-end and fourth quarter results
for the 2012 fiscal year, which ended April 30, 2012.
Mitec previously announced that several events took place during the
fourth quarter of fiscal 2012, namely:
The sale of Mitec's VSAT assets in March, 2012;
The decision by Mitec to voluntarily delist its common shares from the
Toronto Stock Exchange and apply for listing on an alternative exchange
in April, 2012;
The termination of the letter of intent between Mitec and Optiway to
combine the companies - previously announced in January, 2012.
Mitec successfully relisted its common shares for trading on the NEX
exchange, which occurred at the close of business on June 7, 2012.
Mitec's trading symbol is now "MTM.H".
Mitec's audited financial results and additional information about
Mitec, including its fourth quarter, 2012 Management Discussion and
Analysis ("MD&A") can be accessed on Sedar (www.sedar.com).
About Mitec Telecom Inc.
Mitec is a leading designer and provider of radio frequency (RF)
products for the telecommunications industry. Mitec sells its products
worldwide to network providers for incorporation into high-performing
wireless networks used in voice and data/internet communications. Mitec
is located in Montreal, Canada. Mitec is listed on the TSX NEX exchange
under the symbol MTM.H On-line information about Mitec is available at
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: MITEC TELECOM INC.
For further information:
Source: Mitec Telecom Inc.
Mr. Jeffrey Mandel
President, CEO & Chairman
Tel.: (514) 694-9000