WHY VIRTUTONE NETWORKS?
- Specializes in Voice over Internet Protocol (VoIP) and Fax over Internet Protocol (FoIP) application
- Provides the complete VoIP and FoIP solution including: IP voice lines, IP fax lines, analog voice lines, analog fax lines, hosted PBX, on-site PBX, call center applications
- $2.8M in revenue last year – $2.55M in revenue for May 2013
- 44% monthly revenue growth – The last 3 months running
Full Release Below
Virtutone Networks Launches Online Marketing and Awareness Program Via AGORACOM
July 2nd, 2013 – Sherwood Park, Alberta – Virtutone Networks Inc. (“Virtutone” or the “Company”) (TSX Venture: VFX.V), a leading supplier of managed telecommunication services, including: Wholesale and Retail Voice over Internet Protocol (VoIP) and Fax over Internet protocol (FoIP) services is pleased to announce an Online Marketing and Awareness Program through AGORACOM.
Virtutone will receive significant exposure through 10,000,000 content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of Virtutone Networks amongst online small cap investors.
Jason Allen, President and Chief Executive Officer of Virtutone commented, “We are delighted to have engaged the services of AGORACOM. Virtutone will greatly benefit from the vast online exposure that AGORACOM will provide over the next 12 months. Virtutone has a great business story, and now it’s time to tell the world”
George Tsiolis, Founder of AGORACOM stated “During this very difficult time for TSX Venture companies, the best companies will use this opportunity to differentiate themselves through mass branding and marketing. Virtutone Networks is just such a company with real products, revenues and customers and I am very pleased to welcome them to the AGORACOM network of properties.”
SHARES FOR SERVICES PROGRAM
Virtutone Networks Inc. intends to issue shares for services to AGORACOM in exchange for the online advertising, marketing and branding services (“Advertising Services”).
Pursuant to the terms of the Agreement, the Company will be issuing $12,500 in Shares per quarter to AGORACOM. The number of Shares to be issued at the end of each quarter will be determined by using the closing price of the Shares of Virtutone on the TSX Venture Exchange on the first trading day of the month following each quarter for which the Advertising Services were provided by AGORACOM. The term of the Agreement is 12 months and Virtutone expects the first issuance of Shares under to occur on or about October 1, 2013.
The Company looks forward to providing continued updates.
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.
This document may contain certain forward-looking information or statements (“Forward-looking statements”) as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include, without limitation, risks related to: the termination, non-renewal of or default under of any current or new wholesale contracts; changes in the global economy; a failure to negotiate new customer contracts; changes in legislation or the interpretation thereof, particularly in the telecommunications industry. Forward-looking statements are any statements other than statements of historical fact. The use of any “plan” “expect ” “project” “believe” “should” “anticipate” or other similar words or statements that certain events “may” or “will” occur are intended to identify forward-looking statements. In particular, forward-looking statements included in the press release include, without limitation, statements regarding: the impact of the new voice traffic contracts; timing and completion of the transition of new voice traffic; the sustainability of the new revenue stream; increased leverage with suppliers; additional deals currently being worked on and the impact thereof; and negotiations relating to potential new customers. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations; the impact of Virtutone’s new contracts; the market for wholesale telephony services; the maintenance of new and current wholesale contracts; and the ability to add new wholesale clients. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law. The historical revenue numbers for the new wholesale contracts do not represent estimates of future revenues to be received by the Company. As these contracts do not contain any minimum traffic requirements, revenue generated on such contracts will vary from month to month, and such variations may be material. The Company cannot provide any assurances as to the revenues to be generated by such contracts once the transition is complete.
AGORACOM is the pioneer of online investor relations, online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served. More than just lip service, AGORACOM is the home of more than 1.1 million investors that visited 6.5 million times and read 66 million pages of information every year (Average 2008 – 2012).
AGORACOM traffic ranks within the top 0.5% of all websites around the world. Our traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to our strategy of maintaining the cleanest, moderated small-cap discussion as a result of implementing the first ever Investor Controlled Stock Discussion Forums.
AGORACOM Founder, George Tsiolis, publishes the leading blog on small to mid cap investor relations. His 50 Small-Cap CEO Lessons are a must read for CEO’s looking to increase their education and knowledge about online investor relations.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.