Total Telcom Closes Deal on Remaining Fiber Interest

(TSX Venture: TTZ) is pleased to announce today that it has received
$1.45 million from the closing of Fiber transactions announced on March 17,
2008. The final $150,000 payment (Technical Holdback) of the combined
$1.75 million deal is anticipated to be released August 2008.
    Mr. Neil Magrath, CEO, stated that "the Company will continue leveraging
its strong cash position for increased market share of its wholly owned
subsidiary ROM Communications Inc." Mr. Magrath further stated, "Management
anticipates the Company achieving a sustainable positive cash flow standing by
the end of the third quarter of this fiscal year."

    Trading symbol: TTZ: TSX Venture

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

For further information:

For further information: 

Organization Profile

Total Telcom Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890