(via Thenewswire.ca)
VANCOUVER, BC / TheNewswire / March 11, 2015 / Multivision Communications Corp. ("Multivision" or the "Company") (TSX VENTURE: MTV) is pleased to announce the appointment of Moe Dilon to its Board of Directors.
Mr. Dilon began his career as a commodities trader for a well-known Wall Street firm in the 70's managing their Asian operations out of Singapore. In 1984, he returned to Asia to start an edible oil trading company based out of Hong Kong that after 18 months posted sales of US$100mil/yr. In 1988, Mr. Dilon began making strategic investments in emerging markets focusing on Sri Lanka, India and Bangladesh. Mr. Dilon moved to Canada in 1989 and made a series of investments in commodities and resources, bringing co-investors from Asia.
Commenting on Mr. Dilon's appointment to the Board, Jerry Grafstein, Q.C., Chairman said, "We are delighted to welcome Moe to the Board as his 45 years of experience and knowledge of the international capital markets and valuable connections in the Asia Pacific region will be an asset to the Company."
Multivision further announces that the Board of Directors has granted stock options to purchase an aggregate of 1,340,000 shares of common stock to one director, five officers and one consultant of the Company. The options granted are fully-vested, exercisable for five years at an exercise price of CDN$0.15 and are subject to the terms and conditions of the Company's 2012 Stock Option Plan.
Multivision is currently evaluating business opportunities to determine the focus of its future business and is pursuing several potential transactions in the technology sector.
For further information, contact:
Sandra Buschau, Corporate Secretary
604 628-7597
sandy@ipm.bc.ca
Neither the 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.
Forward Looking Information Certain information contained in this news release, including the Company pursuing potential business transactions may be deemed "forward-looking". All statements in this news release, other than statements of historical fact, that address events or developments that Multivision expects to occur, are "forward-looking information". These statements relate to future events and reflect Multivision's current expectations or beliefs and are based on information currently available to Multivision. Assumptions upon which such forward looking information are based on the Company's current operations, estimates, forecasts and projections and other factors and events that are not within the control of Multivision and there is no assurance they will prove to be correct. Forward-looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although Multivision believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Multivision expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
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