ODESIA Engages PRIME Communications Inc. to Act as Official Corporate
Communications Firm of Record
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/12/12 -- ODESIA
Group Inc. (TSX VENTURE:ODS) ("Odesia" or the "Company") reports that
PRIME Communications Inc. ("PRIME") has been formally engaged to act
as their Official Corporate Communications Firm of Record.
Under the terms of the agreement, ODESIA will compensate PRIME at
$5,500 per month, plus applicable taxes, for an eighteen month term,
renewable at the option of the Company. ODESIA will also grant PRIME
300,000 stock options at an exercise price of $0.30. These options
vest quarterly over a period of one year and shall be subject to
regulatory approval and the provisions of the Company's Stock Option
Plan. The agreement is subject to TSX Venture Exchange approval.
PRIME will assist ODESIA in developing strategic business
development, brand marketing, and investor relations programs, by
stewarding ODESIA's development story throughout the North American
President and Founder, John Belfontaine, will support ODESIA's
business development programs, leveraging extensive career experience
as a brand marketing and corporate communications specialist within
the Canadian financial services industry. Mr. Belfontaine notes; "we
are pleased to begin representing ODESIA as their Official Corporate
Communications Firm of Record. Led by an expert management team,
sound business model, solid fundamentals, and strategic acquisitions,
ODESIA is entering an impressive stage of their corporate development
and is competitively positioned within the burgeoning sector of
enterprise level "BI" (i.e. business intelligence) solutions.
Incorporating a strategic mix of services, global network, and an
advanced communications support platform, PRIME will strive to
connect, engage and inform the market place in pursuit of cultivating
new brand recognition, and heightened market awareness, on behalf of
ODESIA Group, and their valued shareholders."
"I am also excited to work with Odesia because of the institutional
interest of this sector. Last week, La Caisse de Depot et Placement
du Quebec invested 1 Billion dollars in CGI Group (GIB-A.TO), one of
the reasons was that they believe that companies will
types of technology services to stay competitive. This comes months
after Berkshire Hathaway Inc. (BRK-A) invested big in International
Business Machines (IBM)." further comments John.
About ODESIA Group Inc.
ODESIA is an international corporation specializing in
business-intelligence and decision-process
Solutions for large and medium-sized companies. ODESIA's mission is
to help managers monitor the performance of their business by
accessing all relevant information at the right time and the right
place. For more information visit us at www.odesia.com.
PRIME Communications Inc. is a full-service business development
agency proudly serving micro to small cap companies, publicly traded
on the TMX (and Toronto Venture) Stock Exchanges.
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect
ODESIA's current expectations regarding future events and may involve
risks or uncertainties. Actual results could differ materially from
those projected herein. Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors. The forward-looking information contained in this news
release is expressly qualified by this cautionary statement. ODESIA
does not undertake any obligation to update or revise any
forward-looking statements to conform such information to actual
results or to changes in expectations except as otherwise required by
applicable securities legislation. Readers are cautioned not to place
undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
PRIME Communications Inc.
Toll free: 1 (855) PRIME - TM or (774-6386) ext. 101
Office: 1 (604) 638-1431
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