MPVC Inc.: Announces Closing of Private Placement

WINNIPEG, MANITOBA--(Marketwired - Sept. 3, 2013) - MPVC Inc. ("MPVC" or the "Corporation") (TSX VENTURE:MVC.H) is pleased to announce today that it has closed a private placement which was previously announced in news releases dated July 15 and July 22, 2013.

The private placement was a non-brokered offering of units of the Corporation to arm's length investors. A total of 10,450,000 units were issued for gross proceeds of $522,500. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at the price of $0.10 per share on or before the earlier of (i) one year following the closing and (ii) the date occurring 15 business days from the date the holder receives notice from the Company that the trading price of the common shares has closed each day for a period of five consecutive trading days at $0.25 per share or higher. The offering is subject to applicable regulatory requirements and final NEX approval.

The Corporation has paid a cash finder's fee of 10% of the gross proceeds from certain of the subscriptions to registered dealers involved in the financing. The net proceeds raised from this offering are intended to be used for general corporate purposes.

MPVC is currently listed and posted for trading on the NEX exchange and is actively seeking a transaction to qualify for reactivation and listing on the TSX Venture Exchange. The current management and board of directors has prior public company experience and business experience in a variety of industries.

Neither 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 press release.

This news release is not for dissemination in the United States or for release to U.S. newswire services. This news release does not constitute an offer to sell or a solicitation of an offer to sell any 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 persons in the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.