TORONTO, ONTARIO — (Marketwired) — 03/25/15 — Tellza Communications Inc. (“Tellza”) (TSX: TEL) announced today its audited financial results for 2014.
2014 represents Tellza–s third consecutive year of profitability. Revenue for 2014 was $243 Million USD compared to $155 Million USD in 2013, representing year over year growth of 56%.
The Company–s cash position at December 31, 2014 was $6.5 Million, or $0.04/share of cash, compared to $3.0 Million, or $0.02/share, in 2013. In 2014, Tellza also expanded availability under its senior debt facility to $5.0 Million from $3.5 Million in 2013. The Company had no borrowings under its senior debt facility at each of December 31, 2014 and 2013.
Tellza has acquired and cancelled 26 million shares or 15% of its outstanding shares over the last three years. Management considers this purchase and cancellation to be a benefit to shareholders as if the Company had issued, in each of the past three years, a 5% tax-free stock dividend on its common shares. Tellza will continue to acquire and cancel shares as long as shares remain available for acquisition at favorable pricing. In 2014, Tellza retired 10.5 million common shares, 8.5 million common shares in 2013 and 7.5 million common shares in 2012.
In addition to the above financial metrics, the Company also achieved other key milestones in 2014 and has plans to achieve additional goals in 2015:
Tellza Technologies
Tellza Communications
“We want to thank our shareholders for their continued support. Management remain focused on our core business and we are excited about the prospect of bringing our technology to third party carriers in 2015.” said, Gary Clifford, Chairman.
The Company–s financial statements and other disclosures are available on SEDAR.
About Tellza
Tellza is a global communications company operating under several brands including Route Dynamix, Phonetime, Tel3, and MatchcoM. Tellza Technologies develops platform based technology for deployments at Telecommunications carriers. Tellza is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “indicates” or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Tellza–s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See which contains all securities files.
Contacts:
Michael Vazquez
Tellza Communications Inc.
Chief Executive Officer
Phone – +954 608 5058
Email:
Gary Clifford
Tellza Communications Inc.
Executive Chairman
Phone – +647 281 1831
Email –
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