Alteva Board Unanimously Rejects Unsolicited Proposal From Juniper, Adopts Shareholder Rights Plan

PHILADELPHIA, PA--(Marketwired - Sep 2, 2014) - Alteva, Inc. (NYSE MKT: ALTV) announced today that its Board of Directors has adopted a shareholder rights plan. Shareholder rights plans are useful in defending against inadequate offers to buy companies. The plan was adopted after its Board of Directors received and unanimously rejected an unsolicited, non-binding letter of interest from Juniper Investment Company, LLC. The letter, which was received on August 26, 2014, proposed an acquisition of all of the outstanding common shares of the Company for $8.00 per share in cash, subject to, among other things, satisfactory completion of Juniper's due diligence review of the Company, the receipt of financing by Juniper, and the negotiation and execution of a mutually acceptable definitive merger agreement containing customary terms and conditions.

Alteva's Board thoroughly reviewed Juniper's unsolicited proposal with the assistance of its independent advisors and concluded that the proposal significantly undervalues the Company and its future prospects and is not in the best interests of shareholders.

Kelly Bloss, the Company's Chairman, stated, "We are always prepared to evaluate transactions that could improve shareholder value. However, we also have an obligation to ensure that our shareholders are treated fairly. We felt that adoption of the shareholder rights plan gives us an additional tool to preclude would-be acquirers from seeking to take advantage of temporary fluctuations in our stock price."

Further details about the shareholder rights plan will be contained in a Form 8-K to be filed with the Securities and Exchange Commission.

DLA Piper LLP (US) is serving as legal counsel to Alteva and its Board of Directors.

About Alteva

Alteva (NYSE MKT: ALTV) is a premier provider of Hosted Unified Communications that significantly enhances business productivity and efficiency. Alteva's UC solution integrates and optimizes best-in-class cloud-based technologies and business applications to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce. Alteva is committed to delivering meaningful value to our customers through a consistent, high quality and unified user experience across multiple devices, platforms and operating systems. These attributes have positioned Alteva as a leading hosted communications provider and the partner of choice for a growing number of business customers nationwide and internationally. To learn more about Alteva, please visit www.alteva.com. You can also follow Alteva on Twitter @AltevaInc or LinkedIn.