SOURCE: Apivio Systems Inc.

Apivio Systems Inc.

August 03, 2016 09:00 ET

Apivio Retains Virtus Advisory Group to Provide Corporate Communication Services

VANCOUVER, BC--(Marketwired - August 03, 2016) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE: APV) is pleased to announce that it has retained Virtus Advisory Group Inc. ("Virtus") to develop and implement a strategic corporate communications program to increase the Company's exposure among industry stakeholders and investors across Canada.

Virtus has been engaged for an initial term of six months at a monthly fee of CDN$6,000 that may be renewed at the Company's option. In addition, Apivio has agreed to grant options to purchase 200,000 common shares of the Company (the "Options") at a price of CDN$0.28 per common share for a period of five years from the date of grant. The Options will vest in equal quarterly installments over twelve months. The Options shall be subject to the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.

About Virtus Advisory Group

Virtus is a Toronto-based consulting firm, providing select private and publicly listed companies with business consulting, capital markets strategy and investor relations services. The company provides expert counsel and access to an unmatched network of investors and capital markets professionals across Canada and the United States. Virtus helps issuers establish the relationships and the investor confidence required to build long-term shareholder value. Visit www.virtusadvisory.com for more information.

About Apivio Systems

Apivio Systems Inc. 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 an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, 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.

Contact Information

  • For further information, please contact
    Rob Bakshi
    President and Chief Executive Officer
    Apivio Systems Inc.
    604-344-4200
    rbakshi@apivio.com

    Babak Pedram
    Investor Relations
    Virtus Advisory Group Inc.
    416-644-5081
    bpedram@virtusadvisory.com