Digifonica Announces Three New Strategic Licensed Partnerships and Granting of Stock Options
Burnaby, B.C., June 2, 2008 — Digifonica International Inc. (TSX-V: DIL) ("Digifonica" or the "Company"), a leading, global developer of patent pending Internet telephony technologies is pleased to announce three new strategic license agreements with partners that represent a total combined target subscriber base that is in excess of 2 million customers, initially spanning Europe, Africa, and North American markets. The new licensees, Simplified Broadband, WD3Tel Inc., and Golden Dimensions Ltd., will be utilizing the same patent pending core technology that has been licensed under agreement with organizations such as Nokia Corporation (NYSE: NOK), Persuasion Lab Marketing (Pty) Ltd., and Intertainment Media Inc., (TSX.V: INT)., and further demonstrate Digifonica’s ability to extend traditional and mobile telecommunications over IP infrastructure, to virtually anywhere in the world.
Announcing the new license agreements, Dr. Colin Tucker, Chairman of Digifonica, stated, “The short term goal of Digifonica has been to identify key licensees that demonstrate the Company's ability to extend existing network and solutions, increase sales, and reduce customer churn. We believe that the licence agreements announced today go a long way towards meeting that goal, and further demonstrate to carriers and mobile network providers that Digifonica has the solutions to seamlessly bridge customers on legacy telecommunications infrastructure with emerging digital communications technologies.”
Digifonica is also continuing to work with other potential license partners including the possible extension of its joint venture relationship in China to provide emergency communications network solutions based on a combination of traditional telephony and wireless (WiMAX) technologies.
About Simplified Broadband
https://www.simplifiedbroadband.com
Simplified Broadband, Ontario, Canada, is an Internet and Voice over IP Service Provider with service available to residences and businesses throughout Ontario. Using the DF-API (Digifonica-Application Programming Interface) tools, Simplified Broadband is able to monitor, manage and control subscribers through their own head office management system and provide a digital telecommunications solution package that is both competitive in pricing, and quality, to those offered by cable service providers in the region.
WD3Tel Inc.
https://www.wd3tel.us
WD3Tel Inc., Denmark, is an international communications company offering IP telecommunications solutions primarily across Eastern and central Europe, the United States and Canada. WD3Tel provides telephony solutions to residential, small business owners and provides a combined communications suite that is designed to be marketed through some of the largest network marketing agencies in the world. WD3Tel always strives to deliver a transparent solution that is capable of addressing the complex and stringent telecommunications regulations worldwide, whilst providing the high quality, and low cost telecommunications solutions.
Golden Dimensions Ltd.
https://www.GoldenVOIP.com
Golden Dimensions Ltd., UK, is a professional services company that has grown to more than 200 professionals worldwide. Golden Dimension has been providing niche telecommunications
solutions since 2003, and has recently launched a competitive IP based telecommunications solutions branded as “Golden-VOIP”. Golden-VOIP takes advantage of Digifonica’s leading, patent pending telecommunications technology to extend their telecommunications services across UK, Europe and to countries such as Nigeria, Ghana and Cameroon.
Digifonica further announces that it has retained the services of Renmark Financial Communications Inc. to handle its investor relation’s activities. In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $6,000.00 for a one-year contract to Renmark Financial Communications Inc. Renmark Financial Communications does not have any interest, directly or indirectly, in Digifonica International or its securities, or any right or intent to acquire such an interest.
Digifonica further announces that it has granted a total of 1,348,816 stock options to directors, officers, consultants and employees of the Company. All stock options are valid for a period of 5 years. An aggregate of 481,816 stock options have been granted to directors of the Company at an exercise price of $1.10 and all of these stock options vest immediately. An aggregate of 867,000 stock options have been granted to officers, consultants and employees of the Company at an exercise price of $1.00 vesting over a three year period.
Digifonica further announces that it has granted, and the TSX Venture Exchange has approved, an extension on the expiry date of 99,666 agent's options previously granted in conjunction with the Digifonica's Qualifying Transaction, the terms of which were disclosed in a press release dated May 9, 2007. The expiry date of the agent's options has been extended for a period of one year and will now expire on May 8, 2009.
About Digifonica
https://www.digifonica.com
Digifonica is a leading, global distributor of patent pending IP Telecommunication technologies that have been developed and designed to integrate into traditional fixed line and mobile carrier networks, and as such provides the quality and regulatory compliance of carrier class service while harnessing the benefits and cost savings of internet based infrastructure. The Company offers a suite of solutions that can be licensed to Internet Service Providers, subscriber based affiliations/organizations, hardware manufactures and traditional Voice and Wireless carriers. Digifonica’s patent pending technology platform has been built with the tools necessary to deliver end-to-end customer support, self-service partner billing and rate administration, and the ability to provide E911 (999 or 112 in the UK) enhanced emergency services support. Currently, Digifonica has offices and data centers in North America and Europe based on a proprietary, scalable, and resilient Internet telephony framework.
For further information, please contact:
Investor Relations
Digifonica International Inc.,
Suite 1424 – 4710 Kingsway,
Burnaby, British Columbia V5H 4M2
Telephone: +1 (604) 628 8900
Fax: +1 (604) 430-3591
E-Mail: ir@digifonica.com
Web:
www.digifonica.com
Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Barbara Komorowski : bkomorowski@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements to be materially different from the results, performance or expectations implied by these forward-looking statements. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements