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Bullboard - Stock Discussion Forum MAGOR CORPORATION MGORF

"Magor Corp is engaged in designing, developing and marketing of a visual collaboration software platform that integrates personal computer collaboration, high definition video and wideband audio for the enterprise market."

GREY:MGORF - Post Discussion

MAGOR CORPORATION > Government of Canada additional orders
View:
Post by shawshank on Mar 03, 2015 6:29pm

Government of Canada additional orders

Looks like MCC who just announced their standardization with all of GOC's indepartemental install and usage requirements across the entire secure Government of Canada grid is already bearing substantial fruit.

News out today 10hrs ago...I expect we will see in the Q filing and announcement additional
$$$$ for their ongoing large middle east client....intersersped with North American based orders such as this announced today...and look on the horizon for something IMO related to the US Border Patrol....Dept of Homeland Security either on the national level or the state level as in Texas and the rest of the porous border states with Mexico...to come thru.

Government contracts typically take a long procurement time...have beta trials and compatability issues that a company needs to address...standardization requirements etc etc...things that Magor has been working with government agencies over the past period of time
to secure...and when these government contracts come in? they create a recurring revenue stream which is sequenial and accretive to Magors top and bottom lines and are very long term in duration and nature.

The sweat equity has been put in so we should continue to see fruit on the tree IMO going forward.

SS


Magor Receives Orders Totaling 23 Room-based Systems From Two Canadian Federal Government Departments to Expand Their Initial Visual Collaboration Deployments

V.MCC

OTTAWA, March 3, 2015 /CNW/ - Magor Corporation ("Magor" or the "Company") (TSX-V: MCC), a global leader in visual collaboration solutions, today announced that it has received purchase orders from two existing Canadian Federal Government department customers for the installation of 23 additional executive office and meeting room systems to be deployed across the country, expanding their abilities to improve productivity from collaborative interactions via video.

"We are pleased to have received these new orders as we continue to work with Shared Services Canada and our end user departments towards improving the standard of video-based communication and collaboration within the Federal Government of Canada," said Mike Pascoe, President and CEO of Magor Corporation. "A high quality of experience, robust security and the ability to connect to remote offices over bandwidth challenged networks were key requirements for both of these departments. Our ability to deliver on these requirements in their earlier deployments has led to this phase of expansion, which will further broaden the capacity for both departments to collaborate more efficiently between their dispersed teams across the country."

Magor's visual collaboration technology allows users to securely interact through high definition video environments with the ability to collaborate with tools, such as documents, real-time and recorded video, specialized applications and whiteboards.

About Magor Corporation:
Magor's mission is to inspire users to interact with video in new ways to improve secure communication, strengthen decision-making and enhance productivity. To address the growing global demand from businesses, governments and law enforcement agencies for technology that strengthens their efficiency for real-time decision-making, Magor has brought to market Aerus™– a powerful service delivery platform for securely integrating video into the fabric of today's collaborative workflows. To find out more about Magor Corporation (TSX-V: MCC), visit our website at https://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

image: https://rt.newswire.ca/rt.gif?NewsItemId=C8109&Transmission_Id=201503030800CANADANWCANADAPR_C8109&DateId=20150303

Please contact: Mike Pascoe, President and CEO, Magor Corporation, 613-686-1731, mike.pascoe@magorcorp.com; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-995-8651,bpedram@virtusadvisory.comCopyright CNW Group 2015

Read more at https://www.stockhouse.com/news/press-releases/2015/03/03/magor-receives-orders-totaling-23-room-based-systems-from-two-canadian-federal#OGtEYVsjmQDlHHoL.99
Comment by PruneFace on Mar 04, 2015 11:40am
Wow. Another 23 systems and the share price might get back up to a dime. That que is working out well for the guys that bought at 53 cents, and 45 cents and 33 cents and.......
Comment by shawshank on Mar 09, 2015 10:29pm
Can say that about a lot of companies on the TSX...eenie meenie mynie moe. Regarding Magor...stay tuned-things remain on que and in the que...I expect the quarter filing will demonstrate record contracts record backlog and record revenues.   SS