SOURCE: Apivio Systems Inc.

Apivio Systems Inc.

April 11, 2016 07:00 ET

Apivio Appoints Walter Andri to Board of Directors Rounding out Board Strength With Telecom and Sales Experience

VANCOUVER, BC --(Marketwired - April 11, 2016) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE: APV) is pleased to announce that it has appointed Mr. Walter Andri to the Company's Board of Directors on April 8, 2016. Mr. Andri will stand for election as a director at the next annual general meeting.

Mr. Andri is currently the Principal of Ignite Consulting, a firm he founded to help clients make better decisions, reduce costs, build more effective organizations and develop outstanding technology strategies. Prior to that, Mr. Andri served as the President of Avaya Canada Corp ("Avaya") where he led the sales, service and support teams across Avaya's engagement, networking, services and small and medium business technologies.

"Walter's deep sales and technology experience makes him an excellent addition to Apivio's Board," said Mr. Rob Bakshi, President and CEO of Apivio. "We are very pleased to have a person with his distinctive background and skills join our team as we continue to grow our business around the world."

Previously, Mr. Andri was the Senior Vice President at Primus Telecommunications Canada Inc. Prior to that, Mr. Andri was the Vice President Small and Medium Business at TELUS Corporation, and also the Vice President Channels for Koodo Mobile, a subsidiary of TELUS. Mr. Andri has served as a member of the board of directors of UpSnap Inc. since February, 2014 and Zaio Corporation since January, 2016. Mr. Andri holds a Master of Business Administration degree from Queen's University and an Honours Bachelor of Business Administration degree from Brock University.

The Company also announces that it has granted Mr. Andri 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 $0.40 per common share will vest over three years and will have 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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