OTTAWA, March 18, 2013 /CNW/ - Magor Corporation (TSXV: MCC), a global
leader in visual collaboration solutions, announced today that it is
receiving a contribution of up to $500,000 from the Federal Economic
Development Agency for Southern Ontario (FedDev Ontario). This
contribution will be used by Magor to develop a version of its visual
collaboration workspace, a dynamic alternative to the traditional video
conference that will be more accessible to small businesses. This new
version of Magor's software solution will also allow Magor to expand
its reach with the option of distributing the technology through
telecommunications partners to their existing customer base. This Magor
technology facilitates visual collaborative workflow at a distance
without the need for expensive hardware and network infrastructure.
FedDev Ontario funding for this project has enabled Magor to attract up
to $1 million in angel and venture capital investment from members of
the Southwestern Ontario Angel Group, and Wesley Clover International
Corporation. The Company expects to create up to 12 high-value,
full-time jobs as a result of this project.
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.
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:
President and CEO
Sutton Compliance Communications
416-502-8607 ext. 240