Aumento Capital III Corporation
TSX VENTURE : EXO

June 21, 2013 16:36 ET

Aumento Capital III Corporation Announces Resumption of Trading on Common Shares, Grants of Stock Options and Amendments to the Stock Option Plan

MONTREAL, QUEBEC--(Marketwired - June 21, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Aumento Capital III Corporation (TSX VENTURE:EXO), now doing business under the name "EXO U" (the "Corporation") is pleased to announce today that the TSX Venture Exchange (the "Exchange") has accepted for filing the Corporation's Qualifying Transaction consisting in the acquisition (the "Acquisition") of all of the issued and outstanding shares of EXO U Inc. ("EXO U") which was completed on June 13, 2013. The Exchange has issued its final exchange bulletin on June 21, 2013.

Trading on the common shares of the Corporation (the "Common Shares") will resume at the opening of the markets on Monday, June 24, 2013.

As announced on June 14, 2013, the Corporation will, for a short period of time, keep the name "Aumento Capital III Corporation" and do business under the name "EXO U". It is anticipated that Aumento will amalgamate with EXO U to form one single entity under the name "EXO U Inc.", which is expected to occur shortly.

After completion of the Acquisition and the concurrent private placement, there are 32,409,403 Common Shares issued and outstanding.

Stock Options

Also today, the Board of Directors of the Corporation (the "Board") granted an aggregate of 2,798,920 stock options under the Corporation's 2012 Stock Option Plan (the "Plan"), including to the following insiders of the Corporation:

Name Position with the Corporation Number of Stock Options
Shan Ahdoot President, Chief Executive Officer, Corporate Secretary and director 750,000
Doug McCollam Chief Financial Officer 504,460
Jean-Baptiste Martinoli Chief Innovation Officer and director 250,000
Rene Marquis Vice President, Education 125,000
Matthew Barmash Chief Revenue Officer and Vice President, Corporate Development of EXO U US Inc. 504,460
Jonathan Ahdoot Director 50,000
Robert Fortier Director 50,000
Arthur Gerald Howarth Director 50,000
Eric M. Levy Assistant-Secretary 25,000
Total 2,308,920

Each of the granted stock options entitles its holder to purchase one Common Share at an exercise price of $0.80 until June 21, 2023.

Amendments to the Plan

On the same date and in connection with the grant of the stock options, the Board amended the Plan to extend the maximum exercise period of stock options to be granted under the Plan from five years to ten years. The Plan was approved by the shareholders of the Corporation on December 18, 2012. This amendment is subject to the approval of the Exchange and will be submitted to the shareholders of the Corporation at the next annual general meeting. In addition, the Board adopted additional amendments to the Plan which do not require the approval of the shareholders of the Corporation but are otherwise subject to the approval of the Exchange, including the possibility for the Board to reduce the exercise period of stock options in the context of certain transactions.

Holding of Insiders

The following table sets out the names, positions with the Corporation and number of Common Shares beneficially owned or over which control or direction is exercised, directly or indirectly, by the insiders of the Corporation:

Name Position with the Corporation Number and
Percentage of
Common Shares
Shan Ahdoot President, Chief Executive Officer, Corporate Secretary and director 312,500 (0.96%)
Doug McCollam Chief Financial Officer
Jean-Baptiste Martinoli Chief Innovation Officer and director 5,000,000 (15.43%)
Rene Marquis Vice President, Education
Matthew Barmash Chief Revenue Officer and Vice President, Corporate Development of EXO U US Inc.
Jonathan Ahdoot Director 2,800,000 (8.64%)
Robert Fortier Director
Arthur Gerald Howarth Director
Hypertechnologie Ciara Inc. 11,887,500 (36.68%)

About EXO U

EXO U enables organizations to embrace the consumerization of IT and simplify BYOD programs by seamlessly delivering applications across all devices and computing platforms. The company's universal application framework delivers a consistent, secure and compelling user experience for existing and future applications. By working seamlessly across all devices and platforms, EXO U's technology-agnostic framework helps enterprises implement BYOD programs, allows schools to incorporate digital technologies into the classroom and facilitates increased productivity and knowledge sharing among both professionals and students. For more information, please visit http://www.exou.com and follow us on Twitter.

Caution Regarding Forward-Looking Information

Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. For additional information with respect to certain of these and other assumptions and risk factors, please refer to prospectus of the Corporation dated September 15, 2011 and the filing statement of the Corporation dated March 28, 2013, all available under the Corporation's profile on SEDAR at www.sedar.com. The forward-looking information contained in this press release represents the Corporation's current expectations. The Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or to any U.S. Persons. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United States of America and may not be offered or sold within the United States of America or territories or possessions unless pursuant to an exception therefrom.

Neither TSX Venture Exchange nor its Regulation Services 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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