Prodigy Ventures Inc. Launches iVideo Gifts into the High Growth e-Gift Card Market

(TSXV-PGV)

TORONTO, Feb. 13, 2017 /CNW/ - Prodigy Ventures Inc. (TSXV: PGV) ("Prodigy" or the "Company") today announced the launch of iVideo Gifts^TM, a new app to easily create and send e-gift cards from the top retail brands along with professional quality, personal video e-greeting cards.

The gift card industry is a $100 billion dollar industry worldwide that is just beginning to evolve into the digital world. iVideo Gifts offers a compelling experience as users worldwide make this shift. This initial launch of iVideo Gifts is available exclusively to iPhone and iPad users in the United States.

iVideo Gifts offers a selection of e-gift cards from over 80 top brand name retailers designed for any occasion. With more than 120 professionally designed iVideo Greeting^TM themes, users can quickly create personal and professional video e-cards to send with their gifts.

Brands include Amazon, Banana Republic, Barnes & Noble, Bass Pro Shops, Bed Bath & Beyond, Buy Buy Baby, Delta Air Lines, Domino's, Foot Locker, Gap, Groupon, Land's End, Nike, Old Navy, Petco, Regal Cinemas, Sephora, TGI Friday's, Xbox Live, and many more.

iVideo Gifts provides a convenient gift-giving option, any time, to send a unique gift whether it be for Birthdays, Christmas, Valentine's Day, Weddings, Engagements, or to say Thanks, I Love You, Get Well, Cheer Up and countless other occasions. The user experience is fun, quick, easy and memorable. A free iVideo Greeting e-card is included with each gift. iVideo Gifts saves users the time and effort of going from store to store, shopping for that perfect gift. There's no need to stand endlessly at the greeting card rack, searching to find just the right card. No more paper, postage stamps or physical mail. No more delivery delays.

"We are very pleased to announce the launch of iVideo Gifts, the third product in our suite of iVideo products," commented Tom Beckerman, CEO of Prodigy Ventures. "Built on the foundation of iVideo Greetings released in November 2016, iVideo Gifts provides another layer to the gift giving experience for our users by allowing them to attach a virtual gift card with monetary value. In partnering with top retailers, we are positioning ourselves well to become the leading gift giving e-commerce company. We look forward to continuing to enhance the user experience by adding new retailers to the platform in addition to adding new and exciting content."

For more information on iVideo Gifts, please visit http://gifts.iVideo.social.

iVideo Gifts can be downloaded from the App Store at https://itunes.apple.com/app/ivideo-gifts/id1183395079?ls=1&mt=8.

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.

About Prodigy Ventures Inc.

Prodigy Ventures is an innovation company that has combined an enterprise services business - Prodigy Labs - with a Venture Builder business. The two businesses work together to sell services and create new enterprise-grade platforms and apps using technologies such as mobile video, proximity, wearables, 3D & augmented reality.

Prodigy has been named as one of Canada's fastest growing technology companies in the 19th annual Deloitte Technology Fast 50™ awards for demonstrating bold innovation, dedicated leadership and strong growth. Prodigy also ranked on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

Forward-Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the Company's ability to become the leading gift giving e-commerce company. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's Management's Discussion and Analysis for the period ended September 30, 2016, a copy of which is filed on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

SOURCE Prodigy Ventures Inc.

For further information: Andrew Hilton, Prodigy Ventures Inc., Chief Financial Officer, [email protected], 416-606-8833; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., [email protected], 416-644-5081