Moimstone Corporation

TSX VENTURE : MSE


Moimstone Corporation

March 14, 2014 08:55 ET

Moimstone Appoints Gates Investments LLC as Representative for Latin America

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 14, 2014) - Moimstone Corporation ("Moimstone" or the "Company") (TSX VENTURE:MSE) is pleased to announce the appointment of Gates Investments LLC ("Gates"), as Moimstone's independent marketing agent for Central and South America. Alexandre Hebra, President and CEO of Gates, has over twenty-five years' experience developing channel and carrier sales in the Americas for technologies similar to Moimstone's advanced telephony products. Mr. Hebra's strong relationships in Brazil, Argentina, Colombia, Peru, Chile, Mexico, Costa Rica, Honduras and several major Caribbean islands will allow Moimstone to rapidly develop sales channels, technical support and training in the region.

"We are very pleased to have Mr. Hebra and Gates represent our products in the Americas", says Rob Bakshi, CEO of Moimstone. "Mr. Hebra brings invaluable technical and market knowledge both of which are critical in developing these markets".

"The opportunity for growth for Moimstone in the region is significant given the clear lack of product offerings in the IP wireless space and high-quality enterprise level IP end points, both areas in which Moimstone offers superior technology", commented Mr. Hebra.

"While Mr. Hebra undertakes the task of market development, we will be busy getting our products certified for these markets", explains Mr. Bakshi. "Minor changes to our products will be made in order to adapt to the unique features requested by these markets. We expect to have products ready for sale in these markets by Q3 of 2014".

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 VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding Moimstone, please refer to its respective public filings available at www.sedar.com.

About Gates Investments LLC

Founded by Alexandre Hebra in early 2000, Gates Investments LLC is a Florida-based company specializing in developing distribution channels, logistics and marketing for telecommunications products and services in Latin American markets.

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.

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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 Moimstone has attempted to identify important factors that could affect Moimstone 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, Moimstone 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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