SOURCE: ePals

ePals

August 24, 2011 08:00 ET

ePals Corporation Grants Stock Options

HERNDON, VA--(Marketwire - Aug 24, 2011) - ePals Corporation (TSX-V: SLN) (the "Corporation"), an education technology company and leading safe social learning network, announces that it has granted to a recently hired employee of its wholly-owned subsidiary, ePals, Inc. ("ePals"), stock options to acquire a total of 455,000 restricted voting common shares of the Corporation. The stock options are exercisable, once vested, at a price of C$0.60 per share for a period of 10 years. The stock options were granted pursuant to the Corporation's incentive stock option plan.

About ePals Corporation

ePals Corporation (TSX-V: SLN) is an education technology company and leading safe social learning network (SLN). Focused on the K-12 market, ePals offers primary and secondary schools, teachers, students and parents worldwide a safe and secure platform for building educational communities, providing quality digital content and facilitating collaboration for effective 21st century learning. ePals' award-winning products include: the ePals Global Community™; SchoolMail®365, LearningSpace® and In2Books®, a curriculum-based e-mentoring program that builds reading, writing and critical thinking skills. ePals customers and partners include International Baccalaureate, Microsoft Corporation, Dell, Inc., IBM Corp., National Geographic and leading school districts across the United States and globally. ePals connects approximately 700,000 classrooms and millions of teachers, students and parents in approximately 200 countries and territories. For the ePals Global Community, visit www.epals.com. Corporate information is available at www.corp.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

    Jacqueline Van Meter
    Senior Marketing Manager
    ePals Corporation
    Phone: (703) 885-3400