Mr. David Jones of ViXS reports

VIXS SYSTEMS INC. RANKS NO. 470 ON THE 2013 PROFIT 500

Profit Magazine has ranked ViXS Systems Inc., W 7 Acquisition Corp.'s QT target, No. 470 on the 25th annual Profit 500, the definitive ranking of Canada's fastest-growing companies. Published in the summer issue of Profit Magazine and on-line, the Profit 500 ranks Canadian businesses by their revenue growth over a five-year period. ViXS, a leader in the development and deployment of semiconductor system-on-chip solutions for the advanced consumer electronics multimedia and broadcasting market, made the Profit 500 list with five-year revenue growth of 62 per cent.

"To celebrate the 25th anniversary of the fastest-growing companies in Canada, the Profit 500 has expended to recognize the entrepreneurial achievements of more than 500 Canadian companies," said Ian Portsmouth, editor in chief of Profit Magazine. "Profit is proud to now showcase Canada's forward-thinking small-business entrepreneurs and honour their talent for innovation."

"On behalf of ViXS employees and our customers, I am extremely delighted to be listed on the prestigious Profit 500 ranking," said Sally Daub, president and chief executive officer, ViXS. "This achievement comes as recognition for the hard work and dedication of our team and recognition worldwide for our products and leading-edge technology."

ViXS has been leading the semiconductor industry with innovations in media-processing solutions for over a decade and is the clear leader with over 30 million silicon SoCs deployed to date. By investing relentlessly in research and development, ViXS has consistently delivered new key technologies and solutions for the consumer electronics and broadcaster service provider markets worldwide.

About Profit Magazine and the Profit Guide website

Profit: Your Guide to Business Success is Canada's pre-eminent publication dedicated to the management issues and opportunities facing small- and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to Profit because it is a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit Profit on-line.

About ViXS

ViXS is the semiconductor pioneer in designing and developing high-performance media solutions for the consumer electronics and video service provider industries. With over 422 patents issued and pending worldwide, ViXS has been recognized with a number of industry awards for innovation. ViXS is the world leader in transcoder deployments with over 30 million shipments to date and still growing.

ViXS has a comprehensive portfolio of products to meet the diverse needs of the global media industry. Portfolio highlights include the most advanced dense transcoder available for cloud-based solutions, as well as SoCs for home devices capable of doing the most simultaneous number of HD streams in the industry. Moreover, ViXS is the only company to have integrated transcoding and multimedia over coax alliance technologies to create the lowest-cost media gateway capable of delivering premium content to consumer Internet protocol devices, such as the iPad, inside and outside of the home.

ViXS has three primary product lines: XCode, XCodePro and XConnex. The XCode family of media processors range from stand-alone transcoding chips to full SoC solutions, each capable of handling from one to four simultaneous HD-to-HD transcodes. XCodePro products address the professional enterprise market and are being deployed today for cloud-based media streaming services. The XConnex product line is for communications devices, including MoCA 1.1 and 2.0 solutions. Additionally, ViXS customers are provided with a robust software development kit known as Xtensiv.

ViXS is headquartered in Toronto, Canada, with global operations and offices in Europe, Asia and North America. For more information on ViXS, visit the ViXS website.