Marketvision Direct, Inc.
TSX VENTURE : MKT

May 20, 2011 13:15 ET

Marketvision Announces Name Change to APIC Petroleum Corporation to Reflect New Business Focus

TORONTO, ONTARIO--(Marketwire - May 20, 2011) - Marketvision Direct, Inc. (TSX VENTURE:MKT) ("Marketvision" or the "Company") announces that effective at the opening May 25, 2011 Marketvision Direct, Inc. will be re-named APIC Petroleum Corporation and will begin trading under the TSX Venture Exchange ticker symbol "API".

With the new name, the Company wants to express its previously announced intention of acquiring oil properties in Eastern European jurisdictions.

Dennis Sharp, the Company's Chairman and Chief Executive Officer states:

"Marketvision Direct, Inc.'s new name, APIC Petroleum Corporation, more accurately identifies the Company's desire to position itself as a junior oil exploration and development company. The name change underscores this new direction."

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

  • APIC Petroleum Corporation
    Dennis A. Sharp
    Chairman and Chief Executive Officer
    1.416.367.0150
    1.416.367.0165 (FAX)
    dsharp@apiccorp.com

    APIC Petroleum Corporation
    John M. Clark
    Director & Chief Financial Officer
    1.416.367.0150
    1.416.367.0165 (FAX)
    jmclark@apiccorp.com

    APIC Petroleum Corporation
    Suite 1705, 200 King Street West
    Toronto, Ontario, Canada M5H 3T4
    www.apiccorp.com