SOURCE: Imperus Technologies Corporation

Imperus Technologies Corporation

January 23, 2015 12:17 ET

Imperus Completes Second Payment for Acquisition of Vast Studios Inc.

TORONTO, ON--(Marketwired - January 23, 2015) - Imperus Technologies Corp. ("Imperus" or the "Corporation") (TSX VENTURE: LAB) (FRANKFURT: ISX) has made the second payment related to its acquisition of all of the issued and outstanding shares of Vast Studios Inc. ("Vast"). The acquisition transaction closed on July 22, 2014 pursuant to a share purchase agreement with the founders and shareholders of Vast, (the "Sellers") dated July 21, 2014 (the "SPA"). Pursuant to the terms of the SPA, Imperus has made the second scheduled payment to the Sellers of an aggregate of C$50,000 cash and C$50,000 by the issuance of 106,608 common shares of Imperus at a price of C$0.469 per share. 

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. 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 developed for, social, mobile, and monetized gaming 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 most substantial and innovative portfolio of games. CASINA is scalable, modular, with the capability to expand integrations without limitation, while supporting 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.

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 THIS RELEASE.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains certain statements or disclosures relating to Imperus and Vast 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 payment to the Sellers and the issuance of shares of Imperus. Readers are cautioned that there is no assurance that the transactions referenced herein will proceed. 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. 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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