Moimstone Corporation

Moimstone Corporation

December 12, 2013 09:00 ET

Moimstone Announces Distribution Agreement with TeleDynamics

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 12, 2013) - Moimstone Corporation (TSX VENTURE:MSE) ("Moimstone") is pleased to announce that TeleDynamics, LLP ("TeleDynamics") of Austin, Texas has recently signed an agreement to become Moimstone's first North American distributor. TeleDynamics is a well-established distributor of Voice over Internet Protocol ("VoIP") products that service the enterprise market through its network of dealers across North America and Mexico supporting over 5,000 Value-Added Resellers ("VARs").

"This is a 'first' milestone in our efforts to expand our markets beyond South Korea," says Rob Bakshi, CEO of Moimstone. Initially, TeleDynamics will be distributing Moimstone's MWP1100A VoIP handset phones, carrier quality grade WiFi handsets that support a 2.4" color LCD display for ease of use. The MWP1100A operates in the 2.4 and 5.0 GHZ frequency bands delivering HD quality voice to business and residential customers. Its online provisioning screen makes the set up and configuration of the handset easy.

"Moimstone's quality is top tier, and their new MWP1100A VoIP handset phones are the new standard for high quality voice handsets using WiFi. The MWP1100A will become the gold standard for voice over WiFi. Our VARs look forward to selling these handsets which support cloud-based voice applications," said James "Happy" Feller, Founder and Managing Partner at TeleDynamics. "Moimstone's product cost, value, and quality are what we look for in a partnership."

About Moimstone

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

About TeleDynamics

TeleDynamics LLP is a U.S. wholesale supplier of telecommunications products as well as a variety of consumer electronics. Over the past 30 years, TeleDynamics has nurtured a tradition of excellent customer service and expert product knowledge while providing competitive pricing to its customers.

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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