TORONTO – Ontario Inc. has acquired 2,344,500 common shares of Telehop Communications Inc. representing approximately 17.6 per cent of the total issued common shares of Telehop.
"I know of Jim Estill. It seems that Jim Estill believes in our company and any input from him will be greatly appreciated. Mr. Estill brings with him a long history of achievement in the technology sector and we look forward to a mutually beneficial relationship that will enhance the equity of Telehop," says Hersh Spiegelman, CEO and founder of Telehop.
Jim Estill and Hersh Spiegelman have similar beginnings. Both entrepreneurs started their business from nothing, Estill in the trunk of his car and Spiegelman in his basement. Telehop has grown to a $20 million venture while EMJ grew to a $350 million venture. Given the common history, Spiegelman and the board of directors of Telehop say they look forward to any contribution Estill can make to take Telehop to the next level of growth and profitability.
