Apivio Systems Inc.
TSX VENTURE : APV

February 10, 2015 09:00 ET

Apivio Announces Second Purchase Order for VoIP Enterprise Video Phones from NEC Corporation of America

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2015) - Apivio Systems Inc. (formerly Moimstone Corporation) ("Apivio" or the "Company") (TSX VENTURE:APV) is pleased to announce that the Company has received a second purchase order for 6,000 units of its new Monet series VoIP enterprise video phones from NEC Corporation of America (NEC). Apivio expects to complete shipment of this order by Q3 2015. NEC is a leading provider of innovative IT, network, communications and biometric solutions for customers across multiple vertical industries, including healthcare, public sector, education and hospitality.

"NEC's continued commitment to our new VoIP enterprise video phone with a second purchase of 6,000 units is strong recognition of our best-in-class technology and is indicative of another successful product launch," commented Rob Bakshi, President and Chief Executive Officer of Apivio Systems Inc. "We are excited to support NEC's efforts to market this phone globally and look forward to 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 which delivers 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. (formerly Moimstone Corporation) ("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.

About NEC Corporation of North America

NEC Corporation of America (NEC) is a leading technology integrator providing solutions that improve the way people work and communicate. NEC delivers integrated Solutions for Society that are aligned with our customers' priorities to create new value for people, businesses and society, with a special focus on safety, security and efficiency. We deliver one of the industry's strongest and most innovative portfolios of communications, analytics, security, biometrics and technology solutions that unleash customers' productivity potential. Through these solutions, NEC combines its best-in-class solutions and technology, and leverages a robust partner ecosystem to solve today's most complex business problems. NEC Corporation of America is a wholly-owned subsidiary of NEC Corporation, a global technology leader with a presence in 140 countries and $29.5 billion in revenues. For more information, please visit www.necam.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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