Mr. Rob Bakshi reports

APIVIO RECEIVES PURCHASE ORDER FROM NEC CORPORATION OF AMERICA

Apivio Systems Inc. has made progress with the initial launch of its next-generation Monet series VoIP enterprise video phones. Pursuant to its development agreement with NEC Corp. of America, Apivio has received orders for 2,000 UT880 VoIP enterprise phones to be shipped in the first quarter of 2015.

"We are pleased that our collaborative effort with NEC on design specifications for the new UT880 enterprise phone has resulted in NEC approval of the design and specifications of the phone for the enterprise market," stated Rob Bakshi, president and chief executive officer of Apivio Systems. "The next-generation Monet series VoIP product line extends Apivio's products into a new growing segment that will enable a recurring revenue stream from new applications. This also serves as a confirmation of the demand for our technology and the direction of our product and platform development."

"Innovative features and smart design are high on NEC's list and we are confident that this phone will be well received in the market," said Ram Menghani, vice-president of product management, NEC.

Apivio's product development strategy in the smart enterprise phone space is to develop innovative new smart VoIP phones that will provide compelling value to customers and create new recurring revenue streams for the company. The company plans to grow its enterprise sales in the North American market by introducing a range of new phones that will address various vertical markets and provide applications to support those vertical markets.

The company is currently in the process of launching a new website that will highlight its new products.

"This is the most ambitious platform developed to date by our team and it will pay dividends for Apivio, NEC and their customers for years to come. Software features and applications that will be developed by Apivio, NEC and third parties are expected to enable upgrades, cross-platform compatibility, enterprise connectivity and user productivity," added Mr. Bakshi. "The days of the traditional enterprise phone becoming obsolete due to technology, features and changing user requirements are over."

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