HOP Telehop Communications Inc.

Telehop Announces Corporation Name Change and Election of New Directors

TORONTO--(BUSINESS WIRE)--

Telehop announced today that all of the matters proposed by management at its shareholders meeting held on January 31, 2017 had been approved including the change of the Corporation's name to ADYA Inc. which will take effect upon completion of regulatory approval.

Adya will be the new rebranded holding company of Telehop, G3 Telecom, iRoam, and the rest of the Company’s subsidiaries. Adya will focus on expanding beyond telecommunications into other accretive businesses that leverage off the Company’s current customer base channels and supply chains while the current businesses operate as they are today.

The Company also announces the election of two new Board of Directors, Eamon Hoey and Pankaj Varma. “I am proud to announce the addition of Mr. Hoey and Mr. Varma to Adya’s Board of Directors,” said Rajiv Jagota, President and CEO of Adya. “Both bring extensive experience in the telecommunications and investment sectors to the Board respectfully, and I am excited to work with them both on our strategic strategies.”

In addition the Company announced that it had granted 800,000 stock options under its Stock Option Plan to its directors including its CEO, all of which have a five year term and an exercise price of $0.05 per share. In addition a further 600,000 options were granted to the three directors who are members of the new Acquisition Committee, which options have a five year term and an exercise price of $0.075 per share.

EN
02/02/2017

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HOPTelehop Communications Inc.

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Reports on Telehop Communications Inc.

 PRESS RELEASE
Free
HOP Telehop Communi...

Telehop Announces Corporation Name Change and Election of New Director...

TORONTO--(BUSINESS WIRE)-- Telehop announced today that all of the matters proposed by management at its shareholders meeting held on January 31, 2017 had been approved including the change of the Corporation's name to ADYA Inc. which will take effect upon completion of regulatory approval. Adya will be the new rebranded holding company of Telehop, G3 Telecom, iRoam, and the rest of the Company’s subsidiaries. Adya will focus on expanding beyond telecommunications into other accretive businesses that leverage off the Company’...

February 2, 2017 1 EN
 PRESS RELEASE
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Telehop Announces Completion of Restructuring of Capital

TORONTO--(BUSINESS WIRE)-- Telehop Communications Inc. has completed its agreement with its debenture holders to effect a partial conversion into common shares, reduce the interest rate on the remaining balance and extend the final maturity date. The particulars of the restructuring are as follows: 1. That effective on Dec. 31, 2016, the interest rate on the debentures was reduced from 10 per cent per annum to 7.5 per cent per annum; 2. That the corporation be required to pay $150,000 of principal on the Dec. 31, 201...

January 23, 2017 1 EN
 PRESS RELEASE
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HOP Telehop Communi...

Telehop Announces Restructuring of Capital

TORONTO--(BUSINESS WIRE)-- Telehop Communications Inc. (TSX-V:HOP) announced it has agreed with its debenture holders to effect a partial conversion into common shares and reduce the interest rate on the remaining balance and extend the final maturity date. The particulars of the restructuring are as follows: 1. That effective December 31st, 2016, the interest rate on the debentures shall be reduced from 10% per annum to 7.5% per annum; 2. That the Corporation be required to pay $150,000 of principal on the 31st of D...

December 16, 2016 1 EN
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Telehop Announces Third Quarter Results

TORONTO--(BUSINESS WIRE)-- Telehop Communications Inc. (“Telehop” or the “Company”), (TSX-V:HOP) today announced its financial performance during the third quarter ending September 30, 2016. Revenue for Q3 2016 was down 15% to approximately $3,600,000 with a net loss of ($66,000) or ($0.002) loss per common share compared to revenue of approximately $4,260,000 with a net loss of ($157,000) or ($0.005) per common share for Q3 2015. The Company’s gross margin for the third quarter was approximately $1,526,000 or 42% compared to...

November 28, 2016 1 EN

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