VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 01/27/15 — Apivio Systems Inc. (formerly Moimstone Corporation) (“Apivio” or the “Company”) (TSX VENTURE: APV) is pleased to announce that it has retained the services of San Diego Torrey Hills Capital, Inc. (“Torrey Hills”), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to TSX Venture Exchange acceptance.
Torrey Hills is a leading investor and financial public relations firm specializing in small and micro-cap companies. Torrey Hills will increase awareness about Apivio through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience.
“We are excited to work with Apivio as the management team has a history of success,” commented Cliff Mastricola, President of Torrey Hills. “Over the last several years, the Company has focused on developing its technology. The business is growing and we believe now is the time to introduce the story to investors in the US.”
Torrey Hills has been engaged for an initial term of four months at a monthly fee of US$6,000 that may be renewed at the Company–s discretion. In addition, Apivio has agreed to grant options to purchase 100,000 common shares of the Company (the “Options”) at a price of CDN$0.35 per common share for a period of three years from the date of grant. The Options shall be subject to the terms of the Company–s stock option plan and the policies of the TSX Venture Exchange. The Options will vest over two years.
Torrey Hills currently has no direct or indirect interest in the securities of Apivio, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options. The appointment of Torrey Hills as an investor relations consultant of Apivio and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
About Apivio Systems
Apivio Systems Inc. (formerly Moimstone Corporation) is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, please refer to its respective public filings available at .
This press release has been prepared by Apivio Systems Inc. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, anticipated revenue, conditions or financial performance that is based on assumptions about future economic conditions and courses of action. In certain cases, Forward- Looking Information can be identified by the use of words and phrases such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “suggest”, “optimize”, “estimates”, “forecasts”, “intends”, “anticipates”, “potential” or “does not anticipate”, “believes”, “anomalous” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Although Apivio has attempted to identify important factors that could affect Apivio and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward- Looking Information. Except as required by law, Apivio does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
Apivio Systems Inc.
Rob Bakshi
President and Chief Executive Officer
+1-604-344-4200
PR Contact
Boilingpoint Group
Steve Kim
+1-604-315-2846
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