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. New York Telecom Exchange Inc will receive a total of 20 million Teliphone common shares at $0.25/share.

NYTEX will operate as a separate division within the Teliphone and should add over $25 million in annual revenue and bring Teliphone’s total annual run rate revenue to approximately $31 million.

The exchange will keep operating under the name of the New York Telecom Exchange (NYTEX). The transaction includes the world wide operation and infrastructure of NYTEX in the UK London Data center (LondonTelex) and the European Data center in Belgium (EuroTelex).

In 2011 approximately 200 million minutes were bought and sold on the NYTEX platform with a value of approximately 30 million dollars (bought and sold). In December 2011 NYTEX reached 32 million minutes bought and sold for a value of approximately 4.4 million dollars.

Lawry Trevor-Deutsch, President and CEO of Teliphone stated, “We believe that the acquisition of NYTEX asset by Teliphone is a natural fit and will bring very good value to shareholders through the synergy of offering both wholesale and retail telecommunications operations to our clients and reduced costs through shared overhead.”

About NYTEX

NYTEX was launched in June 2009 and uses a proprietary algorithm which commoditizes international telecommunications minutes. NYTEX also developed the concept of trading of blocks of minutes and when used in conjunction with the algorithm allows minutes to be traded like any other commodity as in other mercantile exchanges.   NYTEX provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators and acts as the central clearing house to all exchange-traded transactions therefore ensuring the delivery and fulfillment of these transactions. NYTEX has a number of proprietary value added features such as an integrated US Dollar and Euro trading floors which eliminates currency risk, an anti-false answer supervision system and tTrader, a direct trading option. With data centers in Montreal (NYTEX), London (LondonTelex) and Brussels (Europe Telecom Exchange), NYTEX aims to create a new economy based on telecommunications trading.

 

About Teliphone

TeliPhone Corp. is the world’s local digital telecommunications company providing Internet, voice, IPTV, digital content and data services to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. TeliPhone is able to deliver more value added services to its customers at a lower cost than other suppliers.

This transaction may be subject to legal and/or regulatory approval.

Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that Teliphone Corp or New York Telecom Exchange Inc. expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, neither Teliphone Corp nor the New York Telecom Exchange Inc. intends to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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For more information:

Lawry Trevor-Deutsch                                                                                 Teliphone Corp
Tel: +1 514 313 6000
info@telipone.com