ePals Appoints J. Michael Kelly as Chief Operating Officer and Grants Stock Options and Restricted Share Units

ePals Appoints J. Michael Kelly as Chief Operating Officer and Grants Stock 
Options and Restricted Share Units 
WASHINGTON, DC -- (Marketwire) -- 01/30/13 --  ePals Corporation
("ePals" or "the Corporation") (TSX VENTURE: SLN), an education media
company and world's leading global learning network, is pleased to
announce the appointment of J. Michael Kelly into the role as Chief
Operating Officer. Mr. Kelly will report directly to Miles Gilburne,
CEO, and will oversee ePals' media and publishing operations, content
and programming for the ePals Global Community, enterprise services
and sales to schools and districts, and global marketing. 
"ePals is rapidly becoming a global media business with products and
operations on three continents and a diverse set of products and
services delivered in multiple languages," said Miles Gilburne, ePals
Chairman and CEO. "Mike brings to ePals the experience and discipline
required for ePals to meet the operating challenges it faces at this
important stage in its growth." 
Prior to joining ePals, Mr. Kelly was Chairman and Chief Executive
Officer, AOL International and Web Services where he was responsible
for AOL's international operations in Europe, Asia, and Latin
America, including the management of leading AOL brands including
Netscape, CompuServe, MapQuest, Moviefone, ICQ, and AIM. Since he
left AOL in late 2005, Mr. Kelly has been a financial advisor and
investor. 
Mr. Kelly previously served as Executive Vice President and Chief
Financial Officer of Time Warner, following Time Warner's merger with
AOL in February 2000. During his tenure as Executive Vice President
and Chief Financial Officer, Mr. Kelly oversaw the completion of the
merger and helped spearhead the integration of the two companies
while managing the combined company's corporate finance functions
including tax and accounting issues, financial planning, investor
relations, and treasury. 
Mr. Kelly is a Certified Public Accountant and a graduate of
Gettysburg College with a bachelor of arts in business
administration. 
Grant of Options and Restricted Share Units  
Mr. Kelly's appointment was formally approved at ePals' recent Board
Meeting where the Board also approved the granting of stock options
for certain key employees to
 acquire a total of 1,980,000 of the
Corporation's restricted voting common shares and the granting of a
total of 2,424,660 restricted share units to Mr. Kelly and certain of
the Corporation's employees and consultants. The stock options and
restricted share units were awarded primarily to the Corporation's
senior management and new employees, and were awarded with various
vesting terms. The stock options are exercisable, once vested, at a
price of C$0.22 per share for a period of 10 years and were granted
pursuant to the Corporation's incentive stock option plan. The
restricted share units are redeemable, once vested, for an equal
number of the Corporation's restricted voting common shares and were
awarded pursuant to the Corporation's restricted share unit plan. The
shares issuable upon exercise of the stock options or redemption of
the restricted share units are subject to a hold period of four
months and one day commencing on the date of the grant or award. 
The Corporation also noted that on January 28, 2013, the remaining
50% of the Corporation's common shares (restricted voting and voting)
that were held in the escrow established upon the completion of the
Corporation's qualifying transaction in July 2011 were released.
Together with the initial 50% of the Corporation's common shares
which were released on November 30, 2012, approximately 64.5 million
common shares of the Corporation have been released from escrow
during the last 60 days. ePals currently has approximately 161
million common shares outstanding, comprised of approximately 97
million voting common shares and approximately 64 million restricted
voting common shares.  
About ePals Corporation
 ePals Corporation (TSX VENTURE: SLN) is an
education media company and the leading Global Learning Network.
Focused on the K-12 market, ePals offers elementary and secondary
school administrators, teachers, students and parents worldwide a
safe and secure platform for building educational communities,
providing quality digital content and facilitating collaboration for
effective 21st century learning. ePals' award-winning products
include: the ePals Global Community(R); Learn365(TM); In2Books(R), a
common core eMentoring program that builds reading, writing and
critical thinking skills; and popular children's educational
publishing brands including Cricket(R) and Cobblestone(R). ePals
customers and partners include the International Baccalaureate,
Microsoft Corporation, Dell Inc., IBM Corp., National Geographic and
leading school districts across the United States and globally. ePals
serves approximately 1 million classrooms and reaches millions of
teachers, students and parents in approximately 200 countries and
territories. Visit www.epals.com. For Corporate information, visit
www.corp.epals.com. 
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.  
FOR FURTHER INFORMATION PLEASE CONTACT:  
Aric Holsinger
Chief Financial Officer
ePals Corporation
Phone: (703) 885-3400
aholsinger@corp.epals.com 
Cory Pala
Investor Relations
E.vestor
Phone: (416) 657-2400
cpala@corp.epals.com 
 
 
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