FFX Inc. Moves to the LeoNovus Cloud to Reduce Costs and Streamline Business Objectives

Access to LeoNovus On Demand Cloud Storage Delivers Support Aimed at Meeting Variable Needs for Application Development including Business Data Requirements without Investment in Capital Structure 

SUNNYVALE, Calif, May 15, 2015 /PRNewswire/ -- LeoNovus^® Inc. ("LeoNovus") (TSXV: LTV), a leading Internet developer with its geo-distributed Cloud Services, announces a new customer for wide-area data management services using the LeoNovus cloud for storage. FFX Inc. is a US based software company located in Raleigh, North Carolina. The Company specializes in design and development of mobile software apps, specifically Apple's iOS.  

FFX has a great following on its Archery based software products. Its Archer's Mark is the state-of-the-art in archery software products, and is in-use today by thousands of archers worldwide. Technologically advanced features enable the archer to instantly calculate an accurate set of sight marks, and refine or modify those marks based on many factors, in real-time, while shooting a field course. For example, Archer's Mark can instantly generate additional "temporary" sight marks, for any specified range(s), based on factors such as weather or archer fatigue.

"LeoNovus is a good fit for delivering cloud based storage with increased security and reliability on demand so that we can tap into these resources as we need them without investing our capital in hardware and IT," said Scott Schweitzer, VP of Product: Project Management, Product Marketing & Support of FFX Inc. "This allows us to focus on our development and business objectives."

"Many companies that develop software applications appreciate the LeoNovus on-demand offering," said Dan Willis, President and Chief Architect of LeoNovus. "Having the ability to tap into resources as needed reduces capital costs and allows for better control and collaboration of designs, products and customers. LeoNovus provides a much more efficient secure model and can deliver flexible programs to meet the needs of application companies without huge investment."

LeoNovus and FFX will move forward with the on demand cloud storage approach following an initial trial period.

About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus^® is a publicly traded company on the Toronto exchange with offices in Sunnyvale, CA. and Ottawa, Ontario.  The Company has launched an innovative high performance browser-based SMART MEDIA PLATFORM with a remotely managed cloud system that provides HDTVs and other connected devices with unprecedented access to features, content, and functionality over the web.  This approach delivers an extremely flexible just-in-time service model to multiple markets including residential, hospitality and health care.  Additionally, LeoNovus utilizes its proprietary processing technology to utilize idle processors in hardware systems for purposes of building Intelligent Networks. This allows the Company to offer geo-dispersed cloud services for new revenue.

LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009.  Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at http://www.sedar.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or 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 any statements of forward-looking information that speak only as of the date of this release.  More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.

All trademarks, registered trademarks and brands mentioned in this release are the property of their respective owners.

SOURCE LeoNovus Inc.

T: [phone], F: [phone], [email protected], Gordon Campbell, Chief Executive Officer, http://www.leonovus.com