VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/03/15 — Apivio Systems Inc. (“Apivio” or the “Company”) (TSX VENTURE: APV) is pleased to announce that it has retained the services of Sophic Capital Inc. (“Sophic”), a Toronto, Ontario based investor relations firm, to provide market awareness and investor relations services to the Company.
Sophic is a leading investor and financial public relations firm specializing in small and micro-cap companies. Sophic intends to increase awareness of Apivio through its established relationships with investment analysts, financial institutions, brokers and investors focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience.
“We look forward to working with Apivio as the Company has a demonstrated track record of success in the enterprise phone market,” commented Sean Peasgood, President & CEO of Sophic. “The Company has a strong balance sheet, a growing and profitable business unit in Korea and new interesting products that we believe will get tremendous market attention in the year ahead. We are excited to present this interesting growth story to investors.”
Sophic has been engaged for an initial term of six months at a monthly fee of CDN$6,000 that may be renewed at the Company–s option. In addition, Apivio has agreed to grant options to purchase 100,000 common shares of the Company (the “Options”) at a price of CDN$0.30 per common share for a period of five 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 one year.
The appointment of Sophic 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. Sophic holds 72,000 common shares in the capital of the Company.
About Apivio Systems
Apivio Systems Inc. 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.
Contacts:
Sean Peasgood
Investor Relations
416-565-2805
Apivio Systems Inc.
Rob Bakshi
President and Chief Executive Officer
604-344-4200
You must be logged in to post a comment Login