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Moimstone Announces Appointment of Jae Yong Ahn

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/03/13 -- Moimstone Corporation ("Moimstone") (TSX VENTURE: MSE) is pleased to announce the appointment of Mr. Jae Yong Ahn as Chief Operating Officer of its 100% owned subsidiary, Moimstone Co. Ltd. (Korea) ("Moimstone Korea") effective immediately.

Mr. Ahn who will continue to be based in Korea, received his Bachelor degree in electronic engineering from Hanyang University, Seoul, South Korea, and has completed the Korea International Trade Association International Business Professional Course. Currently Mr. Ahn is completing a graduate degree in public administration at Seoul National University.

Mr. Ahn has been with Moimstone Korea since 2006 in various sales and manufacturing roles most recently serving as Moimstone Korea's Director of Domestic Sales. He is a Board member of Moimstone Korea and former Board member of Moimstone Canada. As well, Mr. Ahn was recently re-elected as 1st Chairman of LGU+ Co-Growing Committee, an association of 276 sub-contractors of LGU+, a major Korean telecommunications company.

In announcing the appointment, Rob Bakshi, President and Chief Executive Officer of Moimstone, stated: "Mr. C.W. Lee, Chief Executive Officer of Moimstone Korea, and I would like to congratulate Mr. Ahn on his promotion and thank him for his years of service to Moimstone. We recognize his passion and dedication to the company and look forward to his continued success in the new leadership role."

About Moimstone

Moimstone Corporation is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. Its wholly-owned Korean subsidiary has an eight year history of supplying voice over internet protocol ("VoIP") telephone equipment and other products to major Korean and international telecommunications carriers.

This press release has been prepared by Moimstone Corporation. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "plans", "expects" or "does not expect", "is expected", budget", "scheduled", "suggest", "optimize", "estimates", "forecasts", "intends", "anticipates", "potential" or "does not anticipate", believes", "anomalous" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contacts:
Moimstone Corporation
Rob Bakshi
President and Chief Executive Officer
604.244.3700
info@moimstone.com
www.moimstone.com

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