News from the Wire

Vivaro (formerly STI Prepaid) sues Tellza

Tuesday, October 21, 2014 — 17:33:14 (EDT)

Toronto, Ontario, Canada, Oct. 21, 2014 -- Tellza Communications Inc. ("Tellza") (TEL) announced that the trustee in the Chapter 11 proceedings of Vivaro Corporation (formerly STI Prepaid) has commenced a lawsuit seeking to recover alleged preferential transfers of approximately $700,000 made to Tellza for services rendered in the ordinary course of business. Tellza believes that the claim in the lawsuit is entirely without merit and intends to defend the matter vigorously.

On August 12, 2013, counsel to the liquidating trustee of the Vivaro Corporation ("Vivaro"), a post-confirmation Chapter 11 debtor, delivered written notice to the Company that the trustee is seeking to recover an alleged preferential transfer in the amount of approximately $700,000.00. On September 13, 2013, the Company's legal counsel responded that the Company has no liability to the Vivaro estate and outlined various facts and legal theories in support of the Company's position in this regard. On November 11, 2013, counsel to Vivaro delivered a request for further information which counsel to the Company provided on December 19, 2013. On October 20, 2014, the Company was served with a lawsuit by Vivaro to recover the alleged preferential transfer. The Company believes that the lawsuit is without merit and intends to defend the matter vigorously.

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, MatchcoM, and Tellza Technologies. Tellza is a public company listed on the Toronto Stock Exchange (TEL).

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Source: Company press release.