Virtutone Networks Inc. (“Virtutone” or the “Company“) (TSX Venture: VFX.V) is pleased to announce that it has appointed Mr. Brent Johnston as Chief Financial Officer of the Company. Mr. Johnston is a Chartered Account and has over 15 years of experience in senior financial positions in public and private companies, including acting as Chief Financial Officer of Medwell Capital Corp., a public biotechnology company.<br /><br />Mr. Johnston will replace Colin Campbell, who has served as Chief Financial Officer since March 2010. Mr. Campbell will remain with the Company to assist in the transition.<br /><br />“On behalf of our board and management team, I would like to thank Colin for his service and contributions over the past several years,” said Jason Allen, President and Chief Executive Officer. “We are pleased to have someone with Brent’s experience and financial skill set serve as our new Chief Financial Officer. We believe Brent’s leadership will be instrumental as we continue in this period of unprecedented growth.”<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 Company is a leading supplier of wholesale telecommunication services. Additional information can be found on the Company’s website at www.virtutone.com and under the Company’s profile on www.sedar.com.<br /><br />For further information, please contact Jason Allen at 780-702-5777.<br /><br />Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.