LX Ventures Inc.

LX Ventures Inc.

June 18, 2013 08:00 ET

LX Ventures Inc.: Sosido Networks Inc. Signs Customer Agreement with The Canadian Association of Pharmacy in Oncology

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 18, 2013) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and Sosido Networks Inc. ("Sosido") are pleased to announce that Sosido has signed a customer agreement with the Canadian Association of Pharmacy in Oncology ("CAPhO"). CAPhO is the national forum for oncology pharmacy practitioners and other healthcare professionals interested in oncology pharmacy. CAPhO promotes the practice of oncology pharmacy in Canada by conducting educational events, maintaining appropriate professional practice standards, facilitating communication between oncology pharmacists and other interested health professionals, and advocating for oncology pharmacy as an area of specialty practice.

Through the Sosido network CAPhO members will be provided a new online and mobile platform to receive a live stream of new abstracts from their chosen journal feeds or knowledge sources, instant updates on new publications by CAPhO members and a forum for discussing practice-related issues.

CAPhO is the second association to launch on Sosido, joining founding association partner Canadian Blood and Marrow Transplant Group (CBMTG). The expansion marks an important milestone in developing Sosido's vision as a platform for creating community and sharing knowledge across association and disciplinary silos. Additional Canadian oncology associations are scheduled to join the network in the coming weeks.

Sosido continues to enjoy rapid cross-association growth. In a recent survey of its users, 91% of respondents said they would recommend Sosido to a colleague in another association.

"We are very excited that CAPhO has chosen the Sosido solution. With each new customer the market is validating the exceptional value that Sosido brings medical associations in sharing up-to-date medical practice information," said Mike Edwards, CEO of LX Ventures.

Tanis Steward, Founder and CEO of Sosido, said, "There's a tremendous amount of knowledge and expertise in the Canadian oncology pharmacy community, and we're delighted that Sosido can provide an innovative way for that knowledge to be shared."

About LX Ventures

LX Ventures is a publicly traded incubator that launches, integrates, and acquires early stage high growth technology companies. We are a group of entrepreneurs dedicated to developing the next generation of entrepreneurs by providing funding, resources, mentorship, and access to our global network. We are in the business of building businesses. Our approach is twofold: we either partner with existing companies to assist with distribution and scaling or we internally innovate from idea generation through to launch and exit. For further information about LX Ventures, its technology, collaborations and partnerships, please visit: www.lxventures.com.

About Sosido Networks Inc.

Sosido is an online knowledge exchange community for physicians, nurses, pharmacists and other healthcare professionals. It uses innovative technology to connect and filter knowledge through trusted colleagues, creating a unique communication platform that revolutionizes the way health care professionals share information and collaborate with each other. The company is headquartered in Vancouver, British Columbia. To learn more, please visit www.sosido.com.



Mike Edwards, President & CEO

CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulatory 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.

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