Virtutone Networks Inc. Announces Appointment of New Chief Financial Officer


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TSX.V:VFX
03/05/2014 [ACCESSWIRE]

Sherwood Park, Alberta / ACCESSWIRE / March 5th, 2014 / Virtutone Networks Inc. ("Virtutone" or the "Corporation") (TSX Venture: VFX.V) is pleased to announce that it has appointed Mr. Sergio Valacco as the new Chief Financial Officer. Mr. Valacco has over 20 years experience with international financial reporting in telecom, utilities and construction industries, with TELUS, EPCOR and Laird Electrical respectively. His knowledge with cash-flow management, Canadian IFRS and US Gap, acquisitions, and extensive process management will assist the Company in both its short-term and long-term objectives.

" We welcome Sergio to the Virtutone team. His knowledge and experience is just what we were looking for to assist the company now and long term "Said Jason Allen President and Chief Executive Officer. " His experience and high-energy personality and hands-on approach will help us lead Virtutone to new heights.

This appointment is subject to the approval of the TSXV.

For further information, please contact Jason Allen at 780 702 5777 ext 101

About Virtutone Networks Inc.

Virtutone Networks Inc. is a technology company based in Sherwood Park, Alberta and is listed on the TSX Venture Exchange in Canada. The Corporation is a leading supplier of wholesale telecommunication services. Additional information can be found on the Corporation's website at www.virtutone.ca and under the Corporation's profile on www.sedar.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The common shares of Virtutone will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or applicable exemption therefrom.

For further information, please contact Jason Allen at 780-702-5777.

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 release.

NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

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