ZipTel Limited's (ASX:ZIP) shares are in pre-open following the ASX granted the company a trading halt.
ZipTel requested the halt pending an execution of a material agreement.
The company is an Australian owned and operated telecommunications business.
Last week the company announced that it had achieved record monthly sim card sales in June 2014 for its international pre-paid travel sim card, AussieSim.
This is the third consecutive month of record sim card sales.
AussieSim achieved a total of 1,440 sim card sales in June 2014 which represented a 305% increase in sales compared to the 356 sim card sales during June 2013.
On a month on month basis, sim card sales for the AussieSim product were up by 15% on the 1,250 sim card sales for May 2014.
The company also said that it is implementing a number of marketing initiatives to drive further growth.
The halt will remain in place until the opening of trade on Wednesday 23rd July 2014, or earlier if an announcement is made to the market.
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