OTTAWA, Dec. 11, 2014 /CNW/ - Magor Corporation ("Magor" or the "Company") (TSX-V: MCC), a technology leader in visual collaboration solutions, today announced that it has received an additional purchase order from our EMEA region, valued at approximately $220,000, for All-in-One (AIO) executive units and meeting rooms to be installed in the headquarters location and a number of regional locations. In addition, 18% of the software component of the order value will be paid going forward annually for software assurance. With this order, the Company currently has close to $1,700,000 of backlog.
"After a slow start to the fiscal year, we are pleased to see the large growth in our orders and look forward to this continuing," said Mike Pascoe, President and CEO of Magor Corporation. "With our current backlog approaching all of last year's revenues and a strong qualified sales pipeline, we are looking forward to a very strong year of performance."
About Magor Corporation:
Magor enables people to engage in high-quality visual conversations while simultaneously sharing, viewing and editing relevant collaborative material on desktops, laptops, tablets, smartphone applications, whiteboards and other devices. Magor fits any workflow so that users have the freedom to work together naturally anytime, regardless of location, network or device. To find out more about Magor Corporation (TSX-V: MCC), visit our website at http://www.magorcorp.com.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Magor does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
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, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-995-8651, [email protected]