ZipTel Limited announced that all conditions precedent to the acquisition of 100% of the issued capital of AussieSim Pty Ltd. have been satisfied and the Company has completed the Acquisition. On completion of the Acquisition, the following appointments to the board of directors of the company have been made: Mr. Joshua Hunt ­ Non-Executive Chairman; Mr. Umberto (Bert) Mondello ­ Chief Executive Officer; Mr. Keaton Wallace ­ Executive Director; and Mr. Salvatore Vallelonga ­ Non-Executive Director. In addition, Messrs Walker, Johnston and Loy have resigned as directors of the company ceffective from completion of the Acquisition.