TORONTO - Telehop Communications Inc. (TSXV:HOP) says it has hired the investment banking firm Orion Securities to advise on a potential sale of the company and other strategic alternatives.
Telehop supplies toll-free, calling card and cellular long-distance services to residential and business customers.
"Our company has strong cash flows in its core operations, strong brand recognition, a significant loyal customer base and a net cash position of over $3 million," chairman Hersh Spiegelman said Tuesday in a release.
"This process is designed to try to deliver the value of the company to our shareholders."
Telehop offers its branded 10-10-620 and the 10-10-100, Dial Around Services and WorldTalk equal access long distance and alternative directory assistance programs. It also provides toll-free numbers, calling cards and the Broadtalk voice-over Internet protocol flat-rate service.
Tuesday afternoon on the TSX Venture Exchange, Telehop shares were down four cents at 76 cents.
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Tuesday, October 2, 2007
Telehop supplies toll-free, calling card and cellular long-distance services
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