TORONTO, March 22, 2012 /CNW/ - Telehop Communications Inc. ("Telehop" or the "Company"), (TSX-V: HOP) announces effective March 21, 2012, the Board of Directors has granted Mr. Lawrence Cyna incentive options to acquire up to 223,875 common shares of the Company for a period of five years, where each stock option represents the right to purchase one (1) common share of the Company, to be exercisable at $0.10 per share. Mr. Cyna is currently the Chairman of the Board of Telehop.
Telehop also confirms that the 600,000 incentive options granted to its executive officers on January 1, 2012 are exercisable at $0.10 per share.
Telehop Communications Inc. (TSX-V: HOP), was founded and headquartered in Toronto, Ontario, in 1993, and has grown into one of the largest alternative telecommunications providers to both residential and business customers.
Telehop originally began offering residential and business two-way monthly 'flat rate' calling services in the Greater Toronto area between communities where a call would otherwise be a long distance call. In 1994, Telehop became one of Canada's few Equal Access Long Distance Providers, allowing it to offer its customers full service long distance calling globally at significantly lower rates. The Canadian Radio-television and Telecommunications Commission ("CRTC") has licensed Telehop as a Class "A" telecommunications carrier.
Telehop's dedication and priority is providing residential and businesses with exceptional phone services at competitive rates without sacrificing quality service.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For further information:
Mr. Rajiv Jagota
President and CEO
(416) 494 4490