Apivio Systems Inc.

June 01, 2015 09:00 ET

Apivio Selected to Join the Richmond Club Index for Stocks with High Growth Potential

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2015) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) announced today that it has been selected to join the Richmond Club Index. It is a non-trading index run by the Streetwise Investors Club Inc. and is comprised of public companies that meet rigorous criteria for having excellent high growth potential. The Richmond Club Index has achieved 19.24% annualized performance since its inception in 2005.

Companies are carefully selected to join the index based on a detailed analysis of the company's fundamentals and a discussion with management as to the future prospects of the company and its share price. The Richmond Club focuses on finding companies that are undervalued in order to achieve maximum profit for its members. The Richmond Club Index has achieved an annualized performance of 19.24% since 2005 compared to the S&P 500 which has an annualized performance of 5.39% over the same period.

Apivio's CEO, Rob Bakshi, commented, "We are very happy to have been chosen to join the Richmond Club Index. We have recently launched our new android phone, the UT880 which features a brilliant high resolution screen with amazing video quality, a full suite of advanced telephony features, and rich applications, all of which combine to deliver a stunning user experience. We will soon be launching our unique Wi-Fi phones provisioned over our proprietary cloud system. From our perspective there is certainly an opportunity for investors to benefit from current valuations particularly when comparing us to valuations of similar companies in our industries. Joining this index validates the opportunity Apivio currently presents to investors."

Mr. Bakshi will be presenting to the members of the Richmond Club in Toronto, Canada on July 15th 2015. The presentation will be available online at the www.richmondclub.com thereafter. The company will officially be added to the index on June 1, 2015 for a period of one year.

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.

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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