Moimstone Corporation

November 07, 2013 16:01 ET

Moimstone Announces Appointment of Scott Edmonds to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 7, 2013) - Moimstone Corporation ("Moimstone") (TSX VENTURE:MSE) is pleased to announce the appointment of Scott Edmonds to the Board of Directors effective immediately.

Mr. Edmonds has more than 25 years' experience in international business leadership and management. He currently serves as President and CEO of Webtech Wireless, a leading provider of vehicle fleet location-based services and telematics technology, and has held senior executive roles with various Canadian based technology companies. Mr. Edmonds moved to Vancouver from Singapore after having spent nine years with the Walt Disney Company in a variety of senior financial and management roles in both Europe and Asia. He earned his Chartered Accountant designation while with Coopers & Lybrand (now PwC) in Toronto, holds a B.B.A. (Honours) in Finance from Bishop's University and has completed the Executive Development Program at the Kellogg Graduate School of Management. Mr. Edmonds is also a member of the board of directors of the British Columbia Technology Industry Association.

In announcing the appointment, Rob Bakshi, President and Chief Executive Officer of Moimstone, stated: "I look forward to working with Mr. Edmonds as we continue our efforts to become a high growth, profitable company. The appointment of Mr. Edmonds to the Board brings invaluable insights and international high-tech experience to Moimstone."

About Moimstone

Moimstone Corporation is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an eight year history of supplying voice over internet protocol ("VoIP") telephone equipment and other products to major Korean and international telecommunications carriers.

This press release has been prepared by Moimstone Corporation. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "plans", "expects" or "does not expect", "is expected", budget", "scheduled", "suggest", "optimize", "estimates", "forecasts", "intends", "anticipates", "potential" or "does not anticipate", believes", "anomalous" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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