Mitel Tops List of "Highest Climbers" in 2008 Financial Post 500

OTTAWA, Canada – June 20, 2008
Mitel Tops List of “Highest Climbers” in 2008 Financial Post 500

Mitel Tops List of “Highest Climbers” in 2008 Financial Post 500

Mitel Tops List of "Highest Climbers" in 2008 Financial Post 500

Mite

Mitel, a leader in business communications since 1973, completed a $729 million acquisition of U.S.-based Inter-Tel Inc on August 16, 2007, creating a, market leader in the global IP communications industry, including leadership in the fast growing SMB sector of the market. The Mitel portfolio boasts industry-leading systems, a comprehensive phone portfolio ranging from cost-effective entry level phones to full-featured IP sets, and flexible unified applications including messaging, audio and web conferencing, and mobility solutions that are in high demand by SMBs and enterprise customers. Mitel has tailored solutions that scale from the micro (<5 users), small (<50 users), medium (<1,000), and large enterprises (>1,000) to address the larger or distributed organization with up to 65,000 users in a network.

Through its acquisition of U.S.-based Inter-Tel and its presence in the hot IP communications market, Mitel gained 189 positions in the FP500 leaping ahead of companies such as Boeing Canada, Martinrea, Lundin, and AutoCanada Income Fund.

About Mitel

Mitel delivers flexibility and simplicity in smart unified communications solutions for organizations of all sizes. Combined with a full range of managed services that include voice and data network design and traffic provisioning, custom application development, and attractive financing options, Mitel is reinventing how successful organizations gain competitive advantage through better communications outcomes. Mitel has approximately 3,000 employees worldwide and over 1,500 value-added resellers, distributors and systems integrators active in over 90 countries. Global headquarters are located in Ottawa, Canada. 

FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of Mitel. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Mitel’s products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.