January 23, 2014 – Sherwood Park, Alberta – Virtutone Networks Inc. (“Virtutone†or the “Companyâ€) (TSX Venture: VFX.V) is pleased to announce that the Company has launched a new Wholesale SMS Division to compliment its current wholesale long distance business.
The company sees that there is an opportunity to be a niche player in the wholesale SMS/MMS hubbing business. This business line will produce much higher gross margins for the Company, as there is very little competition in the space, and the market is ripe for a boutique company such as Virtutone. By using existing technology and infrastructure this enables the company to leverage its existing business relationships to quickly get this division off the ground. The initial focus is on G8 countries, which will allow us to access the greatest volume of traffic from our current customers.
The Company is pleased to announce that it has hired Harold Baxandall (Former Regional VP, Sales at TELUS) to head up its new division. Harold has over 33 years experience in the industry and brings that vast knowledge and network to assist in launching this new division.
“We are very excited to bring this division online, as it allows us to leverage our existing relationships, use our existing infrastructure, while increasing the companies overall margin.†said Jason Allen, Chief Executive Officer of Virtutone. “We welcome Harold to the Company, his vast experience at TELUS will allow us to grow this division very rapidlyâ€
For further information please contact Jason Allen at 780-702-5777.
About Virtutone Networks Inc.
Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: Voice over IP services, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. Additional information can be found on the company’s website at www.virtutone.com.
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