Apivio Systems Inc.
TSX VENTURE : APV

April 20, 2015 15:39 ET

Apivio Receives Purchase Order for 1,000 Wi-Fi Phones

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 20, 2015) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) is pleased to announce that it has received a purchase order for 1,000 units of the Company's Liberty L1 Wi-Fi phones. This second order by TeleDynamics, Apivio's US distributor, represents continued demand for the Company's Wi-Fi products and builds on TeleDynamics' initial order in December 2014 (see press release dated December 12, 2014).

"I am pleased with the response to date for our Liberty L1 phones which were launched internationally on a limited and controlled basis a few months ago," commented Mr. Rob Bakshi, Apivio's Chief Executive Officer. "Although in the early stages, I expect Wi-Fi phones to gain mainstream popularity as the technology and distribution improve. Apivio plans to be at the forefront of this curve and is excited to partner with TeleDynamics as its key distributor."

According to Keith Walker, Director of Purchasing of TeleDynamics, "We are happy with the initial market response to Apivio's Wi-Fi phones and look forward to supporting Apivio's next generation products."

"Apivio is scheduled to release its next generation L2 product with cloud-based intelligence and other exciting feature enhancements in Q3 of this year," Bakshi commented further.

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.

About TeleDynamics

Austin, Texas-based TeleDynamics is a wholesale supplier of telecommunications products as well as a variety of consumer electronics. Over the past 30 years, the Company has nurtured a tradition of excellent customer service and expert product knowledge while providing competitive pricing to its customers. As members of both CEA and CEDIA, the Company is committed to expanding and growing its product offerings to meet consumer demands. For more information, please visit www.teledynamics.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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