Telehop Announces CFO Appointment and Grant of Options

TORONTO, Jan. 3, 2012 /CNW/ - Telehop Communications Inc. ("Telehop" or the "Company"), (TSX-V: HOP) is pleased to announce the appointment of Jenifer Cua to the position of Vice President & Chief Financial Officer of the Company effective January 1, 2012. Ms. Cua replaces David Smith, CMA, as C.F.O. Mr. Smith will remain with Telehop during the transition period.

Ms. Cua has over 15 years of senior-level financial leadership experience and has held CFO and VP-Finance positions with both private and publicly-listed companies in a variety of industries. She is a Certified Public Accountant (Colorado) and a Certified General Accountant as well as holding a Master of Business Administration from Pace University, Lubin School of Business in New York.

"We are most pleased with Jenifer joining Telehop. She came highly recommended, has considerable publicly listed company experience and will strengthen our executive team as Telehop concentrates its efforts on new services, company growth and increased shareholder value." commented Mr. Rajiv Jagota, President & Chief Executive Officer.

Telehop also announces effective January 1, 2012 that the Board of Directors has granted Mr. Jagota and Ms. Cua incentive options to acquire up to 500,000 and 100,000 common shares of the Company respectively for a period of five years, where each stock option represents the right to purchase one (1) common share of the Company, to be exercisable at a price equal to the closing price on the first trading day of January 2012.

About Telehop

Telehop Communications Inc. (TSX-V: HOP), was founded and headquartered in Toronto, Ontario, in 1993, and has grown into one of the largest alternative telecommunications providers to both residential and business customers.

Telehop originally began offering residential and business two-way monthly 'flat rate' calling services in the Greater Toronto area between communities where a call would otherwise be a long distance call. In 1994, Telehop became one of Canada's few Equal Access Long Distance Providers, allowing it to offer its customers full service long distance calling globally at significantly lower rates. The Canadian Radio-television and Telecommunications Commission ("CRTC") has licensed Telehop as a Class "A" telecommunications carrier.

Telehop's dedication and priority is providing residential and businesses with exceptional phone services at competitive rates without sacrificing quality service.

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 news release.

Company Contact:
Mr. Rajiv Jagota
President and CEO
[phone]
[email protected]