OTTAWA, Oct. 26, 2016 /CNW/ - Magor Corporation
(TSX-V:MCC), a leader in visual collaboration solutions, is pleased
to provide you this update to its press release of September 29, 2016 wherein it announced that the
Company would be conducting a strategic review process to explore
alternatives to enhance shareholder value.
The board of directors of Magor has established a special
committee of independent directors to lead this effort, with the
assistance and support of management. Today, the special
committee has appointed Sampford Advisors Inc. as its financial
advisor to pursue an effective process in exploring strategic
alternatives.
About Magor Corporation:
Magor develops and markets
visual collaboration software addressing the needs of meeting
rooms, desktops and mobility devices, as part of a cloud service
offering called Aerus. 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
