History of the Company:
Virtutone Networks Inc is a publicly traded company listed on the Toronto Stock Exchange under the symbol VFX-V. The original company, SatFax Networks Inc, was incorporated in January 2007 by Jason Allen, provider of communication equipment and Shawn Lawrence, VoIP provider. Driven by customer demand, SatFax was formed expressly for the purpose of delivering a 100% reliable fax over IP solution. The development of this transporter system enabled the use of existing fax machines over any IP – even satellite - network.
Jason and Shawn had worked cooperatively for several years offering VoIP services to oil and gas exploration companies, forestry fire fighting departments and others across North America. Their clients at remote work sites, support camps and bases were vigorously demanding a 100% reliable faxing solution. As Jason’s VOIP provider, Shawn took on the task to research and develop a solution. Approximately 9 months later, he had developed the SatFax transporter system that would fax reliably over any internet connection.
While the original intent was to offer a product to be sold in the remote communications industry, once developed and proven, Canada’s major telephone and cellular companies began to cooperatively recommend the SatFax service to their clients through a national VAR. Not long after that recognition, VoIP companies began to see SatFax as an opportunity to complete their IP offerings by removing their customer’s last link to the phone company.
In June 2008, the company name officially changed to Virtutone Networks Inc and SatFax became the name of the fax transporter product. Virtutone Networks will remain committed to developing even more ‘common sense’ product offerings to the IP industry and is preparing to enter the international marketplace.
