(via Thenewswire.ca)

VANCOUVER, BC / TheNewswire / October 13, 2015 - Multivision Communications Corp. (" Multivision " or the " Company ") (TSX VENTURE:MTV) provides the following update in respect of its proposed acquisition of all of the shares of ZoomAway, Inc. ("ZoomAway"), first announced on July 24, 2015.

The Company has made significant progress toward completing the Transaction and is currently waiting for the finalization of an audit of Zoomaway, Inc. In addition, the Company is in its final stage of a due diligence review and the preparation of documentation that includes the definitive agreement and management information circular. The management information circular will be mailed to shareholders of Multivision prior to the shareholders' meeting to approve the Transaction and will contain the details of the Transaction. The Transaction is expected to constitute a change of business of the Company under the policies of the TSX Venture Exchange.

Completion of the Transaction is subject to a number of conditions, including TSX Venture Exchange acceptance and shareholder approval. The Transaction cannot close until the required shareholder approval is obtained and all other condition are satisfied or waived. There can be no assurance that the Transaction will be completed as proposed or at all.

A bout ZoomAway:

ZoomAway, Inc. was founded in 2014 and in the same year acquired the assets of SilverVoyages.com LLC, a "white label" company launched in 1999 with sales in the year ending December 2014 of $2.7 million (US), subject to audit, in just one geographic region. ZoomAway has created Zoomaway.com, a retail website that currently has real time access to over 90,000 hotels in the US, Canada and Mexico with expansion plans that will take it worldwide. ZoomAway's proprietary hotel based software enables it to add activities to hotel room purchases and bundles the price into one payment, including: live golf reservations, live ski lift tickets, spa appointments, concert tickets, tours, charters and of course various modes of transportation. ZoomAway will continue its "white label" service to choice hotel and activity providers.

White Label Division: The company's White Label division is an outsource service provided to a wide variety of business in the hospitality sector. Clients hire the company to provide reservation services in the form of embedded technology on their sites. These services are backed up with full call center support. Clients who hire the White Label company are responsible for the marketing of the product, and the White Label service performs complex booking actions such as packaging activities with rooms, or other real time reservation services. The White Label division has a full suite of proprietary technology currently serving notable clientele including: Edgewood Tahoe golf course, Atlantis Casino Resort, Thunder Valley Casino Resort, and the Palms Resort in Las Vegas.

For further information, contact:

Sandra Buschau, Corporate Secretary
604 628-7597
sandy@ipm.bc.ca

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Multivision should be considered highly speculative.

The TSX-V has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Forward Looking Information Certain information contained in this news release, including information respecting the Company, ZoomAway and the Transaction may be deemed "forward-looking". All statements in this news release, other than statements of historical fact, that address events or developments that Multivision expects to occur, are "forward-looking information". These statements relate to future events and reflect Multivision's current expectations or beliefs and are based on information currently available to Multivision. Assumptions upon which such forward looking information are based on the Company's current operations, estimates, forecasts and projections and other factors and events that are not within the control of Multivision and there is no assurance they will prove to be correct. Forward-looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although Multivision believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Multivision expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

Copyright (c) 2015 TheNewswire - All rights reserved.