OTTAWA, July 29 /CNW Telbec/ - Espial(R) Group Inc. ("Espial" or the
"Company"), (TSX:ESP), a leader in the delivery of TV software, today
announced that, effective immediately, it has appointed Michael Lee to its
board of directors.
Michael Lee is Chief Strategy Officer for Rogers Communications Inc. He
is responsible for strategy development, business development, and strategic
partner management for the Rogers Communications group of companies which
include Rogers Cable, Rogers Wireless and Rogers Media. Previously, Mr. Lee
held the role of Vice President, Strategy and Development for Rogers Cable
where he managed the development of new businesses and services for video,
high speed Internet and telephony.
"With this appointment, we gain the insight, expertise and guidance of a
seasoned cable executive on our board of directors" noted Jaison Dolvane,
President and CEO of Espial. "Mr. Lee's strategic experience working for an
industry leading cable operator will be immensely beneficial helping us
executing our business strategy and meeting customer demands in the telco,
cable and hospitality markets."
"I'm very pleased to join the Espial board of directors at this exciting
time in the company's history" commented Michael Lee. "Espial is in a position
of strength in this early market with a strong product portfolio, global
customer base, well developed channels and strong management team. With its
recent acquisition of Kasenna, I believe Espial is well positioned to meet the
needs of this early stage market. I look forward to working with the rest of
the board and management to provide insight and direction on the Company's
business and product strategy."
Espial provides intelligent and open TV software to service providers in
the cable, telecommunications and hospitality industries. It's middleware and
video-on-demand solutions provide superior service delivery, advanced service
innovation tools and the ability to serve a wide range of market segments -
including over-the-top, IPTV, hybrid IP, multi-dwelling unit and enterprise.
With over 2.5 million licenses of its patented software technology in use,
Espial is a leading supplier of TV software. Espial is headquartered in
Ottawa, Canada. For more information please visit the Espial website @
Forward Looking Statements
This press release contains information that is forward looking
information with respect to Espial within the meaning of Section 138.4(9) of
the Ontario Securities Act (forward looking statements) and other applicable
securities laws. In some cases, forward-looking information can be identified
by the use of terms such as "may", "will", "should", "expect", "plan",
"anticipate", "believe", "intend", "estimate", "predict", "potential",
"continue" or the negative of theses terms or other similar expressions
concerning matters that are not historical facts. In particular, statements
about the proposed acquisition of kasenna by Espial, including the expected
timetable for completing the transaction, the receipt of shareholder and
regulatory approvals, benefits and synergies of the transaction, future
opportunities for the combined company and products and any other statements
regarding Espial's and Kasenna's future expectations, beliefs, goals or
prospects are or involve forward-looking information.
Forward-looking information is based on certain factors and assumptions.
While the company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect.
Forward-looking information, by its nature necessarily involves risks and
uncertainties, including the parties' ability to consummate the transaction,
the conditions to the completion of the transaction, including the receipt of
shareholder approval or the regulatory approvals required for the transaction
may not be obtained on the terms expected or on the anticipated schedule.
Additional risks and uncertainties affecting Espial can be found in Espial's
Annual Report for the fiscal year ended December 31, 2007 and in its most
recent quarterly report filed on SEDAR at www.sedar.com, and as may be set out
in Espial's management proxy circular in respect of the proposed transaction
to be made available, once filed, on SEDAR at www.sedar.com. If any of these
risks or uncertainties were to materialize, or if the factors and assumptions
underlying the forward-looking information were to prove incorrect, actual
results could vary materially from those that are expressed or implied by the
forward-looking information contained herein. Espial assumes no obligation to
update or revise any forward looking statements, whether as a result of new
information, future events or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements that speak only as of the
For further information:
For further information: Inquiries from financial press or analysts:
Carl Smith, Chief Financial Officer, Espial Group Inc., (613) 230-4770,
firstname.lastname@example.org; Kirk Edwardson, Director, Marketing, Espial Group Inc.,
(613) 230-4770 x1145, email@example.com