Glentel Declares Special Dividend - $0.22 Per Share

Burnaby, British Columbia – December 1, 2008 – Glentel Inc. announced today that the Board of Directors has declared a special dividend of $0.22 per share, having a record date of December 8, 2008, payable on December 22, 2008.

 

“With a significant increase in Glentel’s financial strength from past profitable quarters and a positive outlook for 2009 for the Company, I am pleased the board has made the decision to share this success with the Company’s shareholders by way of a special dividend, “ stated Thomas Skidmore, Glentel’s President and Chief Executive Officer. “We recently reported a strong 3rd quarter, and management anticipates a profitable 4th quarter which is historically Glentel’s strongest quarter.”

About GLENTEL

GLENTEL (TSX: GLN) is a leading provider of innovative and reliable telecommunications services and solutions across North America. Founded in 1963 and headquartered in Burnaby, BC, Glentel comprises two operating divisions – Retail and Business – that service thousands of consumers and commercial telecommunications customers. Together with its divisions, the company boasts more than 250 locations across Canada located in retail malls, Costco Wholesale stores, and business centers. As the largest multi-carrier mobile phone retailer in Canada, it offers a choice of network carrier and wireless device or phone. To its business and government customers, Glentel offers wireless engineering and service, rental equipment, satellite and terrestrial network systems, and wireless asset monitoring. GLENTEL operates its business under the trading names WirelessWave, WIRELESS etc., The Telephone Booth (Tbooth and la cabine T) and GLENTEL Wireless.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

FOR MORE INFORMATION

Investor Relations Contact:
 

Dale B. Belsher
Chief Financial Officer
GLENTEL Inc.
604.415.6500

 
Media Contacts:
 

Kristin Treat, VP
James Hoggan & Associates
604.761.9946 mobile
ktreat@hoggan.com

Alex Chapple, Account Manager
James Hoggan & Associates
604.512.6095 mobile
achapple@hoggan.com

To secure a copy of Glentel’s annual report or for additional information, visit www.glentel.com or www.sedar.com.