SOURCE: Apivio Systems Inc.

Apivio Systems Inc.

June 30, 2016 08:30 ET

Apivio Appoints Rahul Aggarwal to Board of Directors

Rounding Out Board Strength With Technical and Strategic Experience

VANCOUVER, BC--(Marketwired - June 30, 2016) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE: APV) is pleased to announce that it has appointed Mr. Rahul Aggarwal to the Company's Board of Directors on June 30, 2016.

Mr. Aggarwal is currently Vice President of Partner and Business Development, Product Marketing at Broadsoft, Inc. In this capacity, he is responsible for new business development and the launch of new and innovative products that enhance enterprise productivity and foster team collaboration.

"Rahul is an excellent addition to our Board with his deep technology and strategic marketing experience," said Mr. Rob Bakshi, President and CEO of Apivio. "We are very excited to be able to work with him and to have access to his wealth of expertise across global product marketing, new product introduction and industry knowledge across all regions."

Previously, Mr. Aggarwal served as Director -- Alliances and Business Development at Blackbox Network Services, one of the largest systems integrators and solutions providers for enterprise solutions in North America. He has served in multiple roles in Siemens Enterprise Communications ("Siemens"), including Vice President, Global Marketing, Segment Management and Vice President of North America Portfolio and Solution Management. Prior to that, he was the Director of Product Line Management -- Broadband Applications and Carrier Ethernet at Nokia Siemens Networks. In addition to his experience in North America, he has also led global and regional solutions teams at Siemens' offices in Malaysia, Singapore and India. Mr. Aggarwal holds a Master of Business Administration in Marketing and a Bachelor of Engineering in Electronics and Communications.

The Company also announces that it has granted Mr. Aggarwal 200,000 stock options to purchase common shares of the Company subject to regulatory and TSX Venture Exchange approval. The stock options were issued with an exercise price of $0.31 per common share and will vest over three years with a five year term.

About Apivio Systems Inc.

Apivio 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 that supplies 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.

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