Monday, October 29, 2007 6:53:20 AM
TeliPhone Corp. Files Final Amendments to SB-2 Registration Statement
Montreal, Canada, October 26, 2007. TeliPhone Corp. (CIK: 0001101783) has today filed final amendments to its SB-2 prospectus and has received the go-ahead from the SEC to file for accelerated effectiveness. This completes the SEC legal and financial review of the Company and clears the way to permitting the registration of an additional 20,000,000 shares of free trading stock that the company will utilize to finance its growth. Post filing of the final IPO prospectus and forms required to register the new stock, the Company will request a ticker symbol from the NASD to begin publicly trading its stock on the NASD OTCBB exchange.
The Company would like to thank all of its shareholders, partners and employees for their hard work and support during the process of building Teliphone Corp. to what it is today. We will be releasing our 2007 annual report in December which will provide an update to our financial position and show our continuous growth in revenues and profitability.
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