SOURCE: Imperus Technologies Corporation

Imperus Technologies Corporation

December 30, 2014 08:00 ET

Imperus Announces Extension of Closing Date of Diwip Transaction

TORONTO, ON--(Marketwired - December 30, 2014) - Imperus Technologies Corp. ("Imperus" or the "Corporation") (TSX VENTURE: LAB) (FRANKFURT: ISX) announces that it has extended the closing date of its previously announced share purchase agreement (the "Agreement") dated October 14, 2014 with Diwip Ltd. ("Diwip") and its shareholders pursuant to which Imperus will acquire all of the issued and outstanding shares of Diwip (the "Transaction").

Imperus and Diwip mutually agreed to revise the closing date to January 8, 2015 (the "Revised Closing Date"). Imperus is working to close the Transaction and the previously announced debt and equity financings on or before the Revised Closing Date. 

About Imperus

Imperus Technologies Corp. specializes in the convergence of social networking, mobile gaming, and real money gaming and is the developer of CASINA, an award winning social gaming software platform. Imperus was the winner of "The Most Innovative Start-up Company of the Year" at the 2013 GIGSE Conference, in San Francisco, California. The Corporation's wholly owned subsidiary, Vast Studios, specializes in the development and delivery of hidden object games, having delivered 18 titles to date, of which 8 are classified "collector's editions".

CASINA, the Corporation's flagship product was developed for social, mobile, and monetized gaming. CASINA is considered to be the first true social network built for the online gaming market providing audiences with a product differentiator from a social interaction perspective, and is on track to host one of the largest portfolio of games. CASINA is designed to be future ready, scalable, modular, with the capability to expand integrations without limitation, and is capable to support third-party game integrations, cashier support, customer support, social networking, and backend operator support. For clients operating within fully regulated markets, CASINA offers a turnkey solution, including a full commerce application and back office suite.

With experienced social gaming leadership and development teams, Imperus looks to leverage the anticipated growth in regulated, real-money, social, mobile and online gaming through the application of the social graph and the gamblification of social games.



This press release contains certain statements or disclosures relating to Imperus, the Transaction and the equity and debt financings that are based on the expectations of Imperus as well as assumptions made by and information currently available to Imperus which may constitute forward-looking information under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Imperus anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking information. In some cases, forward-looking information can be identified by terms such as "forecast", "future", "may", "will", "expect", "anticipate", "believe", "potential", "enable", "plan", "continue", "contemplate", "pro-forma", or other comparable terminology. In particular, this press release makes reference to the timing and completion of the Offering and the issuance of the Subscription Receipts, and the issuance of Common Shares and Warrants issued on the conversion of the Subscription Receipts, the use of proceeds of the Offering, the timing and completion of the Debt Facility and the issuance of warrants; the use of proceeds of the Debt Facility; the expected completion of the Acquisition, including the ability of the Corporation to satisfy all necessary conditions to the closing of the Acquisition and the filing of a short form prospectus to qualify the Common Shares and Warrants issued on the conversion of the Subscription Receipts and the expectations on the debt financing. Readers are cautioned that there is no assurance that the transactions referenced herein will proceed. Certain conditions must be met before the Acquisition and the Offering can be completed. Such conditions include the receipt of all necessary regulatory approvals, including the approval of the TSXV, and completion by Imperus of the Offering and the debt financing. There is no assurance that the required approvals will be received and there is therefore no assurance that the Acquisition or the Offering will be completed in the time frame anticipated or at all. Many factors could cause the performance or achievement by Imperus to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. These factors include the failure to obtain the required approvals, including approval of the TSXV and changes to economic conditions that prevent Imperus from completing the Offering. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The Corporation is not under any duty to update any of the forward-looking statements after the date of this press release or to conform such statements to actual results or to changes in the Corporation's expectations and the Corporation disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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