November 28, 2008 16:35 ET

MPVC Inc. Announces Termination of Agreement With Between OCI and Yak

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2008) - MPVC Inc. ("MPVC" or the "Company") (TSX VENTURE:OCI) announced that in October 2008, it received a letter from Yak Communications (Canada) Corp. ("Yak") terminating the services agreement previously entered into between OCI and Yak in January 2007 (the "Services Agreement"). Yak and OCI have been working diligently negotiating toward a new services agreement, however, to date no agreement has been reached. Yak accounts for a material portion of the companies revenues.

About MPVC Inc.

The Company, through its wholly owned subsidiary OCI, is committed to providing and managing specialized inbound and outbound customer care, sales and marketing, technical support and many other centralized contact center services to its clients. The Company's focus is on providing single source solutions for all clients' contact center needs from its growing base of delivery centers. The Company is dedicated to providing a quality and breadth of service that exceeds client expectations.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • MPVC Inc.
    Michael Hilmer
    CEO of the Company and a member of the Special Committee
    (416) 420-5529