Apivio Systems Inc.

February 25, 2015 09:00 ET

Apivio Announces European Purchase Order for VoIP Enterprise Video Phones

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 25, 2015) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) is pleased to announce that it has received a 2,000 unit purchase order from a European customer for the Company's new Monet series VoIP enterprise video phones. This purchase order is the first from a customer outside of North America and is expected to ship in Q2 2015. To date, Apivio has received purchase orders for its Monet phones totaling 10,000 units.

"This order for the European market, on the heels of the two recent orders in North America, is indicative of the global demand we anticipate for our enterprise video phone," commented Mr. Rob Bakshi, President and Chief Executive Officer of Apivio Systems Inc. "We are excited about the international launch of our Monet series phones and look forward to working on the next phase of application development as we seek to expand into various vertical segments of the enterprise market."

Apivio's new video phone, the Monet M1 UT880, features a brilliant high resolution screen with amazing video quality, a full suite of advanced telephony features, and rich video applications with advanced networking technology, all of which combine to deliver a stunning user experience. The next generation Monet series Smart VoIP phone includes software features and applications that enable upgrades, cross platform compatibility, enterprise connectivity, and user productivity.

About Apivio Systems Inc.

Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) 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 a history of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding Apivio, please refer to its respective public filings available at www.sedar.com.

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, 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.

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