|By Marketwired .||
|May 7, 2014 04:06 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/07/14 -- Moimstone Corporation ("Moimstone") (TSX VENTURE: MSE) is pleased to announce that Global Integrated Solutions Ltd. have placed their first purchase order for 12,000 units of Moimstone's Liberty and Dexter series digital phones valued at over $1,000,000.
The Liberty series includes Moimstone's newly launched Wi-Fi phones while the Dexter series includes Moimstone's IP desk phones. Global Integrated Solutions will sell the Dexter series digital phones, primarily for the enterprise market, while the Liberty series digital phones will be packaged with a service plan and sold through a major retail chain by Dot Communications Ltd., a division of Global Integrated Solutions.
The partnership between Moimstone, Global Integrated Solutions and Dot Communications is committed to bringing the benefits of Wi-Fi and VoIP enabled communication devices to the North American market with products that have already been deployed and accepted in international markets. Moimstone's Liberty series digital phones were launched in Asia earlier this year and have been extremely well received. Furthermore, Moimstone has already sold nearly three million IP phones from its Dexter product line in markets outside of North America.
"We are very pleased to receive this order from Global Integrated Solutions. We are especially excited about their strategic launch of our Wi-Fi platform for a new service. This validates our vision of future residential and business communication," stated Rob Bakshi, CEO of Moimstone. "I'd like to congratulate Dot Communications' team for their hard work in developing a brand new business model for distribution and service of our technology. We are working hard to meet their launch targets this summer."
"We are pleased with the initial interest from our distribution and retail partners," added Trevor Edmundson, CEO of Dot Communications. "Although this is a controlled and localized launch, we anticipate positive results leading to aggressive growth across Canada and the United Sates."
Moimstone Corporation is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly owned Korean subsidiary with a nine year history of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding Moimstone, please refer to its respective public filings available at www.sedar.com.
About Dot Communications
Dot Communications Ltd., a division of Global Integrated Solutions Ltd., is a leading distributor and solutions provider of digital communications products and services for the enterprise, government and consumer markets. For more information, please visit.
Moimstone Corporation has prepared this press release. 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 Moimstone has attempted to identify important factors that could affect Moimstone 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, Moimstone 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.
Moimstone Media Contact:
President and Chief Executive Officer
Global Integrated Solutions
and Dot Communications Media Contact:
Trevor Edmundson, Chief Executive Officer