Total Telcom Inc.TSXV: TTZ

Total Telcom Announces Financial Results for First Quarter Fiscal 2006

· Issued by Total Telcom Inc. via CNW
Trading symbol:  TTZ: TSX Venture
Website: www.totaltelcom.com     

EDMONTON, Nov. 28 /CNW/ - TOTAL TELCOM INC. (TSX Venture: TTZ) today
announced its financial results for the quarter ended September 30, 2005. The
Company's consolidated revenue for the first quarter of fiscal 2006 was
$564,534 compared to $984,169 for the same period last year. EBITA earnings
for the first quarter were a loss of $52,493 with a net loss of $234,362
($0.9 cents per share) compared to net earnings of $24,590 ($0.1 cents per
share) reported for the quarter ended September 30, 2004.
The Company also announced a change in management effective November 24,
2005 with Mr. Robert Beaton stepping down as President of the Company at the
request of the Board of Directors and his coinciding resignation as a
director. Mr. Neil Magrath has been appointed Chief Executive Officer of Total
Telcom Inc. on an interim basis.
Mr. Magrath, on behalf of the Board of Directors, thanked Mr. Beaton for
his contribution to the Company. "The Company, led by Mr. Beaton, responded to
the profitable opportunities associated with the Alberta Supernet and played a
significant role in its successful completion." Mr. Magrath further stated
"the Company is responding to the realities that exist today, fewer and
smaller capital engineering and construction projects, and a highly
competitive environment for the distribution of broadband and last mile
connectivity."
"The Company continues to have a strong working capital surplus and
remains committed to capitalizing on its continued focus in the communication
sector with the expansion of its wholly owned subsidiary, ROM Communications
and the opportunities associated with the pending sale and revenue sharing
agreement of Total Telcom Fiber Inc.", said Mr. Magrath.

"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."