Mar 05, 2014 (ACCESSWIRE via COMTEX) -- Sherwood Park, Alberta / ACCESSWIRE / March 5th, 2014 / Virtutone Networks Inc. ("Virtutone" or the "Corporation") is pleased to announce that it has appointed Mr. Sergio Valacco as the new Chief Financial Officer. Mr. Valacco has over 20 years experience with international financial reporting in telecom, utilities and construction industries, with TELUS, EPCOR and Laird Electrical respectively. His knowledge with cash-flow management, Canadian IFRS and US Gap, acquisitions, and extensive process management will assist the Company in both its short-term and long-term objectives.<br /><br />" We welcome Sergio to the Virtutone team. His knowledge and experience is just what we were looking for to assist the company now and long term "Said Jason Allen President and Chief Executive Officer. " His experience and high-energy personality and hands-on approach will help us lead Virtutone to new heights.<br /><br />This appointment is subject to the approval of the TSXV.<br /><br />For further information, please contact Jason Allen at 780 702 5777 ext 101<br /><br />About Virtutone Networks Inc.<br /><br />Virtutone Networks Inc. is a technology company based in Sherwood Park, Alberta and is listed on the TSX Venture Exchange in Canada. The Corporation is a leading supplier of wholesale telecommunication services.