SOURCE: ePals, Inc

November 21, 2012 09:38 ET

ePals Awards Restricted Share Units

HERNDON, VA--(Marketwire - Nov 21, 2012) - ePals Corporation (TSX VENTURE: SLN) (the "Corporation"), an education media company and the world's leading safe social learning network, announces that it has agreed to award to two senior executives a total of 1,750,000 restricted share units which are redeemable for an equal number of the Corporation's restricted voting common shares upon vesting. The restricted share units will be awarded pursuant to the Corporation's restricted share unit plan and will vest in various portions over time with the final vesting date being December 31, 2013. The restricted voting common shares issuable upon redemption of the restricted share units are subject to a hold period of four months and one day commencing on the date of the award.

About ePals Corporation

ePals Corporation (TSX VENTURE: SLN) is an education media company connecting K-12 schools, students, teachers and parents around the world for shared, 21st century learning. ePals operates the K-12 market's premier social learning network, connecting millions of users in over 330,000 schools for collaboration around high quality content and educational projects. ePals also publishes industry-leading children's literature in physical and digital formats. These magazines, books and mobile apps are subscribed to by hundreds of thousands of families and approximately one-third of all US middle schools. ePals' award-winning products and brands include: the ePals Global Community™; SchoolMail®365; LearningSpace®;In2Books®; Cricket® and Cobblestone®. ePals customers and partners include the International Baccalaureate, Microsoft Corporation, Dell Inc., IBM Corp. and leading school districts across the United States and globally. ePals reaches approximately 800,000 classrooms and millions of teachers, students and parents in approximately 200 countries and territories. For the ePals Global Community™, visit www.epals.com

Neither the 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 this release.

Contact Information

  • Contact Information
    For further information, please contact:

    Aric Holsinger
    Chief Financial Officer
    ePals Corporation
    Phone: (703) 885-3400
    aholsinger@corp.epals.com

    Cory Pala
    Investor Relations
    E.vestor
    Phone: (416) 657-2400
    cpala@corp.epals.com