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PRESTIGE TELECOM INC. ANNOUNCES APPOINTEMENT OF NEW CFO AND SENIOR VICE-PRESIDENT STRATEGY

^{Published on 2011-02-28 14:25:24 - Market Wire}
 

MONTREAL, Feb. 28 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or the "Company") (TSXV: PR) of Montréal, Québec, a leader in providing engineering, materials furnishing, installation and support services (commonly referred to as EF&I services), as well as  technical and aerial services to the Canadian communications and broadcast industries announced today that the board of directors of the Company has approved the appointment of Mr. Alain Boucher as the Company's Interim Chief Financial Officer. Mr. Boucher will become a key member of the Company's executive team and will report to Mr. Pierre Yves Méthot, Chairman and Chief Executive Officer for Prestige.

Mr. Jack Pulkinen who assumed the role of Chief Financial Officer since February 2009 will transfer his responsibilities to the strategic planning of the Company as Senior Vice-President Strategy.

These changes to the organizational structure of the Company have been approved by the Board of Directors of the Company and take effect February 27, 2011.

The Company also announced the resignation of Mr. Chahram Bolouri and Mr. André Brosseau as members of the Board of Directors for Prestige Telecom Inc.

"We are extremely pleased to welcome Alain Boucher to Prestige Telecom's management team." said Pierre Yves Méthot, Chairman and Chief Executive Officer of Prestige. "Alain will bring valuable financial experience to Prestige. As Interim CFO for our company, I am confident that Alain will drive our constant focus on building value to Prestige shareholders and will insure a smooth takeover of the finance organization as well as the internal control environment." added Mr. Méthot. "We are also pleased with Jack Pulkinen's decision to take on the role of Senior Vice-President Strategy. We are confident that his operational knowledge and valuable financial experience will allow him to prepare successful strategic growth plan for the Company".

About Prestige Telecom Inc.

Prestige Telecom is a leading provider of network engineering, materials furnishing, installation and support services (commonly referred to as EF&I services) required to construct, operate and maintain wireline, wireless and cable television networks. Prestige assists telecommunications original equipment manufacturers and service providers to engineer, install and upgrade their infrastructures to support enhanced voice, high-speed data and video services. Prestige Telecom also provides technical and aerial services to the Canadian communications and broadcast industries, including tower supply, engineering, site construction, and infrastructure and equipment maintenance.

In Canada, Prestige has over 1,000 professional and technical personnel operating from nineteen (19) service locations in nine (9) provinces. Prestige's head office is located in Baie-D'Urfé (Montreal), Quebec.

[ www.prestigetel.com ]

Forward-Looking Statements

This press release contains certain forward-looking statements with respect to the Company. Such forward-looking statements are dependent upon a certain number of factors and are subject to risks and uncertainties. Management does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events, except when required by the regulatory authorities.

The TSX Venture Exchange accepts no responsibility for the adequacy or the accuracy of this press release.