News releases
Teliphone Corp. Reports 2011 Year-End Results
TORONTO, Jan. 18, 2012 (GLOBE NEWSWIRE) -- Teliphone Corp. (OTCQB:TLPH) the world's local digital telecommunications company announced the results for its year end September 30, 2011. This is the first report of annual earnings after the April 1, 2011 disposition of its majority-owned subsidiary, Teliphone Inc. therefore results are not directly comparable to prior periods.
Teliphone Corp Acquired the New York Telecom Exchange Inc Assets and Operations for $5 Million in Stock
Toronto January 11, 2012 - Teliphone Corp (OTCQB: TLPH) the world’s local digital telecommunications company is pleased to announce that it has signed a definitive agreement for the acquisition of all the operations, technology and intellectual property of the New York Telecom Exchange, Inc. (NYTEX), the world’s first neutral international telecommunications commodity exchange for USD $5 million dollars in an all stock transaction.
Revenues, Profits Soar on 3rd Quarter Results - 08/18/09
MONTREAL, Aug. 18 /CNW Telbec/ - TeliPhone Corp. (OTCBB: TLPH.OB). TeliPhone has reported its nine months ending June 30, 2009 financial results showing an increase in sales from US$863,261 to $1,621,738 from the same period in 2008. Profits are up from a loss of (91,193$) to a net income of $147,338. The increase was primarily due to the delivery of services to TeliPhone's newly acquired customers from its assignment deal with Orion Communications Inc. on May 7, 2009.
$950,000 investment in TeliPhone at $0.25 per share; Vote of Confidence from TeliPhone Creditors - 02/09/09
MONTREAL, Feb. 9 /PRNewswire-FirstCall/ - TeliPhone Corp. (OTCBB: TLPH.OB). TeliPhone reports that it has successfully negotiated with its primary creditors for the conversion of most of its debt to shares of the common stock of the Company. All conversions occurred at a per share valuation of $0.25.
TeliPhone Releases 2008 Annual Report, Revenues Up 81% Over Last Year; Company Reports on Progress from Latest Acquisition - 01/06/09
MONTREAL, Jan. 6 /PRNewswire-FirstCall/ - TeliPhone Corp. (OTCBB: TLPH.OB). TeliPhone reports its 2008 annual results, with sales increasing to $1,215,570 compared with $673,278 for 2007. Gross Margin was likewise up from $193,660 to $394,686. The Company was able to achieve a 104% increase in gross margin with only a 64% increase in operating expenses. With these kinds of results, Management remains confident that it made the right decision in acquiring Dialek Telecom in 2008.
TeliPhone Achieves 2nd Consecutive EBITDA Positive Quarter, Increases Revenues by 108% over Same Period Last Year - 08/15/08
MONTREAL, Aug. 15 /PRNewswire-FirstCall/ - TeliPhone Corp. (NASD: TLPH). TeliPhone reports its third quarter results, with sales increasing to $381,397 for the three months ended June 30, 2008 compared with $183,630 for the same period last year. The increase in sales contributed to a nine-month accumulated gross profit of $332,777, an increase of 170% over last year. Earnings for the first 9 months of the year before Interest, Taxes, Depreciation and Amortization (EBITDA) were $28,659 compared with a loss of $78,559 for the same period last year.
TeliPhone Corp. Completes Acquisition of Customers of Dialek Telecom - 07/29/08
MONTREAL, July 29 /PRNewswire-FirstCall/ - TeliPhone Corp. (NASD: TLPH). TeliPhone Corp. announces that it has completed its acquisition of 2,000 clients of Dialek Telecom. The company arranged a levered buy-out financing, acquiring the company at 3 times earnings less current debt, a total sale valued at $380,000. Teliphone likewise has solidified a $150,000 operating line of credit in order to support the current debt owed primarily to Dialek Telecom's suppliers.