Apivio Systems Inc.
TSX VENTURE : APV

December 22, 2015 09:00 ET

NEC Launches App Store for Apivio's Android Desktop Phones

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2015) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) today announced that its channel partner NEC Corporation of America ("NEC") has launched an online application store ("App Store") for Apivio's Monet Series of Android-based VoIP enterprise video phones.

"This is an important milestone in the evolution of the UT880," said Rob Bakshi, Apivio's President and Chief Executive Officer. "NEC's App Store will facilitate the delivery of on demand and push software allowing the UT880 to be alive, evolving and always current with technology and users' needs."

Apivio and NEC have partnered since 2014 to sell the UT880 Android enterprise VoIP phone into the North American market. NEC has committed to selling 20,000 UT880 phones and to date Apivio has shipped 10,000 units to NEC.

"The launch of the App Store is part of our strategy to develop this premium segment of the enterprise phone market," said Ram Menghani, VP of Product Management, NEC Corporation of America. "The App Store will have a variety of free and paid apps designed to enhance enterprise productivity".

About the UT880

With advanced video and applications capabilities, Apivio's UT880 is premium Android-based VoIP phone designed to drive team work, performance, and overall return on investment. The UT880 offers cross-platform compatibility, enterprise connectivity, and on-going upgrades through proprietary and third-party applications. The launch of the App Store is expected to drive customer demand for these phones. Apivio is working closely with NEC to launch several customized apps that their customers are requesting.

About Apivio Systems Inc.

Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV) 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 a history of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding Apivio, please refer to its respective public filings available at www.sedar.com.

This press release has been prepared by Apivio Systems Inc. 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.

Forward-Looking Statements

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