Business
Buzz Telecommunications Services Inc. announces performance escrow shares release
TSX VENTURE SYMBOL: BZZ MONTREAL, May 19 /CNW Telbec/ - Buzz Telecom Inc., a wholly-owned subsidi...
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[{"type":"text","content":"\n\n\n\nTSX VENTURE SYMBOL: BZZ\n\n\nMONTREAL, May 19 /CNW Telbec/ - Buzz Telecom Inc., a wholly-owned\nsubsidiary of Buzz Telecommunications Services ("Buzz")(TSX V-BZZ) announced\ntoday that on March 30, 2009, the independent board directors of Buzz\nTelecommunications Services Inc. (the "Corporation"), as a result of the\nextraordinary efforts made by the Shareholders to improve the business of the\nCorporation despite the very difficult current economic conditions, granted a\nwaiver and release from the Performance Escrow Agreement of the 6,300,000\nperformance shares held in escrow in respect of, amongst others, the three\nindirect controlling shareholders of the Corporation, Michel Bensoussan, Rafi\nHazan and Elie Hazan (collectively, the "Shareholders").\n\n\nFor more information, please consult the related material change report\nfiled with applicable securities regulatory authorities and available on\nwww.sedar.com\n\n\nABOUT BUZZ TELECOMMUNICATIONS SERVICES INC. - www.buzztelecom.ca\n\n\nBuzz Telecommunications Services through its subsidiaries Buzz Telecom\nand Triple 5 communications is a CRTC licensed and software development\ncompany specializing in dial around long distance products and services.\nClients can effectively dial around their existing carriers by dialing\n10-11-555 or 10-11-289, and the desired telephone number and the charges\nappear directly on the client's regular telephone bill. Buzz presently offers\nits services in Quebec and Ontario to Bell, Rogers, Videotron and to Fido\nclients. Buzz continues to develop long distance products for its clients in\nan effort to provide the long distance services as competitively priced as\nreasonably possible.\n\n\nThe TSX Venture Exchange has not reviewed this release and does not\n\n\naccept responsibility for the adequacy or accuracy of this press release.\n\n\n","length":1941,"tagName":"div"}]