SOURCE: DSS Digital Shelf Space Corp.

DSS Digital Shelf Space Corp.

April 21, 2015 08:30 ET

Digital Shelf Space Closes Acquisition of MOVIT Media Mobile Application Suite

VANCOUVER, BC--(Marketwired - April 21, 2015) - Digital Shelf Space Corp. (TSX VENTURE: DSS) (OTC PINK: DTSRF) (the "Company" or "DSS") is pleased to announce it has completed the definitive agreement with Intregen Holdings Pte. Ltd. ("INT") to acquire 100% of MOVIT, a location aware, media lifestyle, mobile application that manages incoming calls when you are traveling so you can do what you want, when you want without worry, while at the same time eliminating roaming fees (www.letsmovit.com). The acquisition of MOVIT includes the rights to a series of existing and pending patents.

This revolutionary solution for the management of incoming calls while roaming and subsequent elimination of call ROAMING charges for travelers is a disruptive technology that allows the mobile traveler use of their "well known" mobile number anywhere in the world while incurring minimal local calling rates via an in-country local SIM card. The MOVIT App has undergone significant engineering and scrutiny and will be launching in the Google Play store in early May 2015.

DSS CEO Jeffrey Sharpe states, "The acquisition and launch of MOVIT marks a milestone event for the Company as well as for the entire mobile media-telecom industry. The patented 'Roaming Off' feature gives travelers freedom to use their mobile phone numbers anywhere in the world while paying only local rates using a local SIM card. MOVIT will be officially launching from the Google Play store shortly and is now available from the www.letsmovit.com website. We will be focusing company efforts on the roll-out and marketing of MOVIT while maintaining distribution of our existing catalogue of home entertainment content targeted at the fitness and sports instruction market, including: GSPRUSHFIT®, TOURAcademy® Home Edition and FLOFIT®."

As part of the closing of the Transaction, Alexander Chris Lang, one of INT's founding shareholders, will join the DSS board of directors and is also set to join the DSS team in Q3 2015 as its Chief Operating Officer. Another key founding shareholder of INT is Spring SEEDS Capital - a Singapore Government investment agency.

As consideration for the acquisition of MOVIT, DSS issued to INT 14,000,000 common shares in DSS (the "Consideration Shares"). INT distributed the Consideration Shares to its shareholders on a pro rata basis, no one shareholder of INT holds more than 9.9% of the issued and outstanding shares of DSS after the closing of the Transaction.

About Intregen Holdings Pte Ltd.

Intregen is a Singapore based, leading incubator of mobile and media applications founded in 2008. Intregen develops new communication technology and partnering for distribution. It has the expertise to patent and deliver them in the most cost effective and simplest deployment for our partners. Intregen's clients spread across Singapore and South East Asia.

About Digital Shelf Space Corp.

Digital Shelf Space owns 100% of the MOVIT media mobile application which manages travelers incoming calls while (www.letsmovit.com) using their "well known" mobile phone number anywhere in the world while incurring minimal local calling rates via a local SIM card. Digital Shelf Space is also an independent producer and distributor of home entertainment content targeted at the fitness and sports instruction market. The Company has developed popular at-home fitness franchises GSPRUSHFIT®, FLOFIT® and at-home golf instruction series the TOURAcademy® Home Edition. Digital Shelf Space's overall content partnership strategy is to align itself with world-class, global brand partners. For more information please visit www.digitalshelfspace.com.

ON BEHALF OF THE BOARD

Jeffrey Sharpe
CEO

Forward Looking Statements
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends,", "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about the anticipated terms of the Transaction and the expected completion thereof; Mr. Lang's role In DSS following completion of the Transaction; the necessary approvals required to complete the Transaction; and the anticipated effect of the acquisition of MOVIT on DSS' overall marketing strategy and revenue stream.

In connection with the forward-looking information contained in this news release, Digital Shelf Space has made numerous assumptions, regarding, among other things, the integration of MOVIT Into our platform. While Digital Shelf Space considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Digital Shelf Space's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward- looking information contained herein. Known risk factors include, among others: Digital Shelf Space may not be able to complete the Transaction on the proposed terms or at all; actual results from the completion of the Transaction may differ substantially from anticipated results; negative effects of the acquisition of MOVIT on DSS' overall marketing strategy and revenue stream; and other trends affecting the entertainment industry.

A more complete discussion of the risks and uncertainties facing Digital Shelf Space is disclosed in Digital Shelf Space's Filing Statement dated November 16, 2010 and continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Digital Shelf Space disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Contact Information