TLU Teleunit

RNS Number:7614R
Teleunit S.p.A
23 February 2007


For immediate release                                        23 February 2007

                                  Teleunit SpA

                                 Board Changes

Teleunit S.p.A. ("Teleunit" or "the Company"), the Italian telecommunications
services provider, is pleased to announce the appointment of Silvio Arienti,
Chief Financial Officer, to its Board of Directors.

Since joining Teleunit as CFO in March 2006, Silvio has played a central role in
restructuring the Company's administration, thereby improving the overall
efficiency of Teleunit's operations. The Board now feels that it is appropriate
for Silvio to progress to Director level, where he will continue in his role as
CFO. Silvio Arienti has no other information to disclose pursuant to Rule 2 (g)
of the AIM rules.

As part of this management restructuring, Todd Dockum will step down from the
Board of Directors, whilst Gianfranco Cimica will assume the position of
Chairman, replacing David Lee who will become a non-Executive Director. These
changes are necessary to comply with Italian law, which dictates that companies
must have more Non-Executive Directors than Executive Directors on the Board at
any one time.

Gianfranco Cimica, Chairman and CEO of Teleunit, commented: "I am delighted to
welcome Silvio Arienti to the Board of Teleunit. His contribution to the
Company's improved financial position over the past eleven months has been
invaluable and I am confident that he will continue to play a central role in
Teleunit's future growth.

"Equally, on behalf of the Board, I should like to thank Todd Dockum for his
contribution to the Company's development and I wish him every success for the
future."

                                    - ENDS -

About Teleunit SpA

Based in Perugia in Central Italy, with offices in Milan and Rome, Teleunit is a
telecom services provider to both business and residential customers throughout
Italy. The Company has three operating divisions: voice and data services,
premium access numbers and mobile content services. Teleunit is focused on
profitable growth through provision of excellent customer service, effective
cost control and an aversion to risk. The Company is looking to expand its
operations selectively in Italy and internationally. Teleunit listed on AIM in
May 2004, the first Italian company to complete a primary listing in London. For
more information, please visit the website, http://ir.teleunit.it.


For further information, please contact:

Teleunit S.p.A.
Gianfranco Cimica, Chairman & CEO                      Tel: +39 075 528 3921  

Daniel Stewart
Tom Jenkins / Oliver Rigby                             Tel: +44 (0)20 7776 6550

Bankside Consultants
Susan Scott / Daniela Hale                             Tel: +44 (0)20 7367 8888
                                                                       


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
BOAOKNKPCBKKOBB

Teleunit (LSE:TLU)
Historical Stock Chart
From Apr 2024 to May 2024

Teleunit (LSE:TLU)
Historical Stock Chart
From May 2023 to May 2024