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TORONTO, Dec. 5, 2012 (GLOBE NEWSWIRE) -- Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies has completed the first phase of restructuring of its recent asset acquisition, Teliphone Navigata-Westel, a wholly-owned subsidiary.
Teliphone recently acquired the core assets and operations of Navigata Communications 2009 Inc. through an acquisition company which will now operate as Teliphone Navigata-Westel. Under the restructuring plan, facilities are being consolidated and human resources are being rationalized to allow the company to immediately operate much more efficiently and provide better service to its clients. The restructuring will be seamless to its clients and partners.
Teliphone's President and Chief Executive Officer, Benoit Laliberté, stated, "We are very pleased with how the restructuring is progressing and we can already see the benefits of our actions. We believe our clients will immediately benefit from this revitalized company. We are also introducing a whole range of new and cutting edge telecommunications products. We expect that our plan will accelerate Teliphone's growth and result in a stronger company well positioned to meet the needs of a growing market."
About Teliphone Corp.