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Magor Announces Follow-On Order in Excess of $337,000 with a Middle Eastern Government Agency(Canada Newswire Via Acquire Media NewsEdge) OTTAWA, Aug. 21, 2014 /CNW/ - Magor Corporation (TSX-V:MCC), a global leader in visual collaboration solutions, today announced that through its regional partner it has received a follow-on order from a Middle Eastern government agency, valued at over $337,000. 80 All-in-One (AIO) executive units will be installed across a number of this agency's regional locations. In addition, approximately 18% of the software component of the order value will be paid annually for software assurance. "Driven by the benefits of visual collaboration this agency has experienced to date, this latest order continues the growth of the AIO roll-out across its departments, which now exceeds 250 systems ordered over the past 24 months," said Ken Davison, SVP and CMO of Magor Corporation. "Our continued success in the Middle East is due to our strong partnership with Info Tech International, who has strong relationships with customers throughout the region. We also continue to see great success with our customer base and new clients due to the simplicity of our user interface, and high quality experience we deliver." 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 |