04:26:29 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Total Telcom Inc
Symbol TTZ
Shares Issued 25,990,013
Close 2023-06-19 C$ 0.345
Market Cap C$ 8,966,554
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Total Telcom appoints Andreola as director

2023-06-21 12:21 ET - News Release

Mr. Neil Magrath reports

TOTAL TELCOM APPOINTS PAUL ANDREOLA TO ITS BOARD OF DIRECTORS

Total Telcom Inc. has appointed Paul Andreola to the company's board of directors, effective July 1, 2023.

Mr. Andreola is a highly regarded finance and investment professional with over two decades of experience in capital markets and corporate finance who has helped secure more than $100-million in financing for early-stage private and public companies. Mr. Andreola is currently the chief executive officer and director of NameSilo Technologies and serves as an independent director of Atlas Engineered Products and Departure Bay Capital. Previously, Mr. Andreola was a licensed investment adviser and founder of multiple technology companies.

Neil Magrath, CEO of Total Telcom, stated: "On behalf of the board, I am pleased to extend a warm welcome to Paul Andreola, whose extensive knowledge of capital markets and corporate finance will be invaluable as we embark on the next phase of our growth trajectory. With Total Telecom having recently launched several new telematics products, we look forward to leveraging Paul's guidance and strategic insights as the company continues to mature."

Mr. Andreola commented: "I am excited to join Total Telcom as I believe it is at a key inflection point that will see it expand its product pipeline and market reach. Having recently launched several new telematics solutions which position it as a leader in the field, Total Telcom's robust business model allows it to excel in several lucrative niches, with an increasing focus on long-term recurring revenues. I look forward to collaborating with Neil and the rest of the board and leveraging our collective experience to help the company execute on its vision."

Total Telcom further announces that it has granted incentive stock options to certain directors, officers and consultants of the company to acquire an aggregate 175,000 common shares in the capital of the company at an exercise price of 34 cents in accordance with the company's 10-per-cent rolling incentive stock option plan. The options are exercisable for a five-year term expiring July 1, 2028, and will become fully vested immediately.

About Total Telcom Inc.

Total Telcom, through its wholly owned subsidiary ROM Communications Inc., is a leading developer and provider of remote asset monitoring and tracking products and services throughout North America. ROM specializes in the development of innovative wireless communications that provide low-cost, high-tech monitoring, tracking and remote-control solutions for commercial, industrial and consumer applications. ROM is uniquely positioned and qualified to deliver complete Web to wireless solutions that enable companies and organizations to remotely monitor, track and control their fixed and mobile assets with a web browser from any Internet-enabled PC. Products and services are based on ROM's Web to wireless technology and proprietary second-generation hardware and software marketed as TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX and AlarmTraX. These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, and various inputs and outputs and interfaced by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless Internet protocol networks.

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