Business
Total Telcom Closes Deal on Remaining Fiber Interest
KELOWNA, BC and EDMONTON, July 11 /CNW/ - TOTAL TELCOM INC. (TSX Venture: TTZ) is pleased to anno...
About this update from Total Telcom Inc.
[{"type":"text","content":"\n\n\n\nKELOWNA, BC and EDMONTON, July 11 /CNW/ - TOTAL TELCOM INC.\n(TSX Venture: TTZ) is pleased to announce today that it has received\n$1.45 million from the closing of Fiber transactions announced on March 17,\n2008. The final $150,000 payment (Technical Holdback) of the combined\n$1.75 million deal is anticipated to be released August 2008.\n\n\nMr. Neil Magrath, CEO, stated that "the Company will continue leveraging\nits strong cash position for increased market share of its wholly owned\nsubsidiary ROM Communications Inc." Mr. Magrath further stated, "Management\nanticipates the Company achieving a sustainable positive cash flow standing by\nthe end of the third quarter of this fiscal year."\n\n\nTrading symbol: TTZ: TSX Venture\n\n\n"The TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release."\n\n\n","length":947,"tagName":"div"}]