Magor Announces Continued Strong Growth of Visual Collaboration Network for Middle Eastern Government Agency

OTTAWA, May 23, 2014 /CNW/ - Magor Corporation (TSX-V:MCC), a global leader in visual collaboration solutions, today announced that it has received a follow-on order from a Middle Eastern government agency, valued at approximately $200,000 through its regional Partner. Fifty (50) All-in-One executive units will be installed across a number of this agency's regional locations. In addition, approximately 18% of the software component of the contract value will be paid annually for software assurance.

"We continue to work closely with this highly reputable government agency in the Middle East, and we are pleased to announce that over 185 executive units have been shipped to date as part of a multi-phase deployment," said Mike Pascoe, President and CEO of Magor Corporation. "This prestigious regional reference is proving to be very helpful as we expand into this important region. Our recently opened Dubai office works closely with all of our Middle East partners to provide sales and technical support including the introduction of Aerus cloud services."

About Magor Corporation:
Magor develops and markets visual collaboration software for a world that increasingly rewards those who can bring together the right people and information at the right time. Magor's Aerus service delivery platform removes the limitations of traditional video conferencing and collaboration tools to provide entirely new ways of interacting with video with the goal of creating new ways to be productive. To find out more about Magor Corporation (TSX-V: MCC), visit our website at http://www.magorcorp.com.

This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation.  Statements made in this news release, other than those concerning historical financial information, may be forward-looking and therefore subject to various risks and uncertainties.  The words "may", "will", "could", "should", "would", "suspect", "outlook", "believe", "plan", "anticipate", "estimate", "expect", "intend", "forecast", "objective", "hope", and "continue" (or the negative thereof), and words and expressions of similar import are intended to identify forward-looking statements.  Certain material factors or assumptions are implied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements.  Factors that could cause results to vary include those identified in the Corporation's filings with Canadian securities regulatory authorities, as well as the applicability of patents and proprietary technology; the outcome of pending corporate transactions; possible patent ligation; regulatory approval of products in development; changes in government regulation or regulatory approval processes; government and third party reimbursement; dependence on strategic partnerships; intensifying competition; rapid technological change in the industry; anticipated future losses; the ability to access capital; and the ability to attract and retain key personnel.  All forward-looking information presented herein should be considered in conjunction with such filings.  Except as required by Canadian securities laws, the Corporation does not undertake to update any forward-looking statements; such statements speak only as of the date made.

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 release.

SOURCE: Magor Corporation

For further information: Mike Pascoe, President and CEO, Magor Corporation, 613-686-1731 ext 5510, mike.pascoe@magorcorp.com; Babak Pedram, Investor Relations, Virtus Advisory Group, 416-995-8651, bpedram@virtusadvisory.com


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.