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Prestige Telecom asks for an extension of the time for calling its annual general meeting

^{Published on 2011-09-23 13:37:28 - Market Wire}
 

MONTREAL, Sept. 23, 2011 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or the "Company") (TSXV: PR), 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 announces today that it has filed with the Quebec Superior Court an application for an order extending the time for calling its annual general meeting of shareholders. Prestige is required to call its annual general meeting by September 30, 2011 although corporate laws governing Prestige provide for the ability to apply for an extension of this deadline. The calling of a meeting at this point in time would not constitute the best use of the Company's management time and financial resources as it works towards furthering its strategic review process. A copy of the application will be filed on SEDAR and will therefore be available to the public by accessing the Company's profile at [ www.sedar.com ]. The Company will advise as to the outcome of the application in due course."

About Prestige Telecom

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 (Montréal), Québec.

[ 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 has not reviewed the contents of this press release and accepts no responsibility for the adequacy or the accuracy thereof.