Mr. David MacLaren reports

MEDIAVALET REPORTS 2015 SECOND QUARTER RESULTS

MediaValet Inc. is releasing its results for the second quarter of 2015.

Highlights:

• Annualized recurring revenue hits $750,000, increasing 125 per cent year over year;
• Six-month revenue continues strong growth trend, increasing 109 per cent year over year;
• Selected by top NFL franchise to provide 10-terabyte media library;
• Completed $2.2-million private placement, $3.2-million raised year to date;
• Global vice-president of sales hired, comes to MediaValet from Successfactors (an SAP company).

     SUMMARY OF QUARTERLY RESULTS FROM CONTINUED OPERATIONS (UNAUDITED)
                                                                            
                         Three months Three months   Six months   Six months
                                ended        ended        ended        ended
                              June 30,     June 30,     June 30,     June 30,
                                 2015         2014         2015         2014

Revenue                   $   185,123  $   104,904  $   400,412  $   192,043
Net (loss)                   (764,520)    (605,539)  (1,497,263)  (1,046,472)
Net (loss) per share            (0.01)       (0.01)       (0.02)       (0.02)
Total assets                                          3,016,735    1,840,687

"We're pleased to report another successful quarter as we continue to execute our strategic plan," commented David MacLaren, founder and chief executive officer. "With our sales growth to date generated solely by incoming demand, and with our proven ability to meet the needs of both large international and small regional brands alike, we're excited to see what we can achieve by putting a world-class sales and marketing team in place."

Mr. MacLaren continued: "Thanks to the support from our new institutional investors who share our vision of the future, our recent $2.2-million financing has enabled us to take the next step in our rapid evolution and continue to build out our world-class team. Raja Nucho, our new global VP of sales, starts today and comes to us from Successfactors, where he led their highly successful inside sales team. Combined with having launched the third version of MediaValet in January, and built out our marketing team in June and July, we're now ready to accelerate our go-to-market strategy. Over the next 60 days, Mr. Nucho will be focused on adding eight new senior inside sales people and marketing will begin ramping up to support them."

Total revenue for the second quarter ending June 30, 2015, increased 76 per cent, over 2014, to $185,123 and for the six months ending June 30, 2015, revenue increased 109 per cent, over 2014, to $400,412. This continuing trend of quarter-over-quarter and year-over-year revenue growth is a direct result of growing demand by marketing teams for a secure, hyper-scalable, cloud-based digital asset management system, the growing awareness of MediaValet and the launch of version 3.0.

Net loss for the quarter was $764,520, compared with a net loss of $605,539 in 2014, and for the six months ending June 30, 2015, the net loss was $1,497,263, compared with a net loss of $1,046,472 in 2014. The increased loss in both periods is a result of the company's increased investment in product development and operational infrastructure as it continues building the foundation for its enterprise cloud software business launched Oct. 1, 2014.

In June, 2015, the company completed a private placement at 29 cents per share for gross proceeds of $2.2-million. The increased valuation is due to growing awareness by the investment community of the opportunity ahead of MediaValet and what the company has achieved in such a short period of time.

MediaValet's full financial statements, and related management discussion and analysis, are now available on SEDAR.