Apivio Systems Inc.
TSX VENTURE : APV

June 19, 2015 09:00 ET

Apivio Elects Jason Donville to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2015) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) is pleased to announce that Mr. Jason Donville, President & CEO of Donville Kent Asset Management Inc. ("DKAM"), has been elected to the Company's Board of Directors at its Annual General Meeting on June 18, 2015.

Building on an illustrious career as an award-winning analyst and fund manager in Asia and Canada, Mr. Donville founded DKAM in 2007. He also launched the Donville Kent Capital Ideas Fund which was voted the best new hedge fund in Canada in 2009. It was selected by Morningstar Inc. as the Best Opportunistic Hedge Fund in Canada in 2013 and 2014 and won the 2015 Acquisition International Award for Best Opportunistic Hedge Fund in Canada.

"Jason's extensive business and public markets background makes him an excellent addition to Apivio's Board," said Mr. Rob Bakshi, President and CEO of Apivio. "We are pleased to have someone of his caliber join our team as we continue to grow our business around the world."

Prior to founding DKAM, Mr. Donville was employed with Cormark Securities where he was consistently ranked as one of the top financial services analysts in the country. In 2004 and 2005, Mr. Donville was ranked in all three financial services research categories (banks, insurance and diversified financial services) in the annual Brendan Woods surveys. Mr. Donville was also recognized as the Top Stock Picker in Diversified Financial Services in the 2004 and 2005 National Post/Starmine surveys.

Having served on numerous boards of publicly-listed companies, Mr. Donville currently is a Director of DKAM and Riverrock MIC. He graduated from the Royal Military College of Canada in 1986 (B.A.) and the Richard Ivey School of Business at Western University (M.B.A) in 1992.

Apivio also announces that Mr. Fred Di Blasio and Mr. Scott Edmonds have elected not to stand for reelection to the Board of Directors and thus ended their terms of service with Apivio as of today's meeting.

"Apivio's Board and Management would like to thank Mr. Di Blasio and Mr. Edmonds for their guidance and support throughout their tenure," added Mr. Bakshi. "We wish them all the best in their future endeavors."

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 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.

Contact Information

  • Apivio Systems Inc.
    Rob Bakshi
    President and Chief Executive Officer
    +1-604-343-4200
    rbakshi@apivio.com