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Magor Announces $718,000 of Additional Orders from the RCMP

Magor Announces $718,000 of Additional Orders from the RCMP

Magor Announces $718,000 of Additional Orders from the RCMP

Canada NewsWire

OTTAWA, April 12, 2016 /CNW/ - Magor Corporation (TSX-V:MCC), a technology leader in visual collaboration solutions, today announced that the RCMP has placed several orders with Magor to continue their expansion of the Aerus software solution within the organization. These orders combine for an aggregate amount of $718,000 and are comprised primarily of hardware and software services of which approximately $600,000 will be recognized as revenues in the fourth quarter of fiscal year 2016 with the remaining revenue recognized over the next fiscal year. To date, the RCMP has deployed in excess of 200 Magor systems nationally.

As an early recipient of the BICP award (Build in Canada Innovation Program) to foster Canadian technology into the Canadian Government, Magor and the RCMP have worked closely together to address RCMP needs for Video and Collaboration. Since that introduction, the RCMP has continued to expand the scope and usage of Magor's software.

"We view our long standing relationship with the RCMP and their continued support as a testament to the longevity and strength of our software solutions.," said Mike Pascoe, President and CEO of Magor Corporation. "We look forward to expanding the reach of our video collaboration software to other organizations that can benefit from what it has to offer."

About Magor Corporation:
Magor develops and markets visual collaboration software for a world that increasingly rewards those who can bring together the right people and information at the right time. Magor's Aerus service delivery platform removes the limitations of traditional video conferencing and collaboration tools to provide entirely new ways of interacting with video with the goal of creating new ways to be productive. To find out more about Magor Corporation (TSX-V: MCC), visit our website at http://www.magorcorp.com.

This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation.  Statements made in this news release, other than those concerning historical financial information, may be forward-looking and therefore subject to various risks and uncertainties.  The words "may", "will", "could", "should", "would", "suspect", "outlook", "believe", "plan", "anticipate", "estimate", "expect", "intend", "forecast", "objective", "hope", and "continue" (or the negative thereof), and words and expressions of similar import are intended to identify forward-looking statements.  Certain material factors or assumptions are implied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements.  Factors that could cause results to vary include those identified in the Corporation's filings with Canadian securities regulatory authorities, as well as the applicability of patents and proprietary technology; the outcome of pending corporate transactions; possible patent ligation; regulatory approval of products in development; changes in government regulation or regulatory approval processes; government and third party reimbursement; dependence on strategic partnerships; intensifying competition; rapid technological change in the industry; anticipated future losses; the ability to access capital; and the ability to attract and retain key personnel.  All forward-looking information presented herein should be considered in conjunction with such filings.  Except as required by Canadian securities laws, the Corporation does not undertake to update any forward-looking statements; such statements speak only as of the date made.

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

please contact: Mike Pascoe, President and CEO, Magor Corporation, 613-686-1731 ext 5510, mike.pascoe@magorcorp.com; Babak Pedram, Investor Relations, Virtus Advisory Group, 416-995-8651, bpedram@virtusadvisory.comCopyright CNW Group 2016



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