Magor Announces Order and Shipments in Excess of $340,000 to a Middle Eastern Government Agency
OTTAWA, May 15, 2013 /CNW/ - Magor Corporation (TSX-V: MCC), a global leader in visual collaboration solutions, today
announced that it has received a follow-on order valued over $340,000
with a Middle Eastern government agency for installation of additional
78 All-in-One executive units across various of its locations across
the region. The units have already been shipped. In addition, Magor
expects maintenance and licensing fees, which equate to approximately
18% of the contract value to be paid annually.
"This order is phase two of a multi-phase program with this government
agency. Following the installation of these new units, we will
officially have over 100 of our All-in-One systems deployed across this
agency," said Mike Pascoe, President and CEO of Magor Corporation. "The
Middle East is an important market for us as many government agencies
and corporate enterprises demand global solutions to communicate and
interact with their respective stakeholders. They are actively engaged
in broad deployment of visual collaboration solutions throughout their
organizations, and this contract is a clear example of this
opportunity, which we will continue to explore through our local
partner, Info Tech International."
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
Mike Pascoe
President and CEO
Magor Corporation
613-686-1731
mike.pascoe@magorcorp.com
Babak Pedram
Investor Relations
Sutton Compliance Communications
416-502-8607 ext. 240
babak@suttoncompliance.com
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