OTTAWA, Aug. 2 /CNW Telbec/ - Mitel(R) today applauded Inter-Tel
(Delaware), Incorporated (NASDAQ: INTL) stockholders' for approving the two
companies' US$723 million merger. The vote fulfills another condition to the
merger which we believe will create a market leader in the SMB IP
communications industry with the scale to strengthen and extend its reach in
the enterprise market.
"We are delighted Inter-Tel shareholders have voted to approve the merger
with Mitel. By bringing together the unique strengths of each company, this
transaction will accelerate our growth strategy," said Don Smith, CEO of
Mitel. "Together, we believe that Mitel and Inter-Tel will possess the
intellectual property, technology depth, breadth of portfolio, managed
services, partnerships, and people to be a leader in the rapidly changing IP
Subject to the outcome of the preliminary injunction hearing arising from
Inter-Tel's litigation before the Delaware Court of Chancery, Mitel and
Inter-Tel expect that the merger will close as promptly as practicable after
the hearing which is scheduled for August 8, 2007.
Mitel, a leading provider of unifying IP communications solutions and
applications for business customers, is headquartered in Ottawa, Canada, with
offices, partners and resellers worldwide. For more information, please visit
Mitel and logo are registered trademarks of Mitel Networks Corporation.
All other trademarks are the property of their respective owners.
Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of
future events. Such factors may include, without excluding other
considerations, fluctuations in quarterly results, evolution in customer
demand for the Company's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic changes. As a
result, readers are advised that actual results may differ from expected
For further information:
For further information: Paul Goyette, (613) 592-2122, x2188,
email@example.com (media, analysts and investors)