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May 15, 2013 /CNW/ -
Magor Corporation (TSX-V: MCC), a global leader in visual collaboration solutions, today announced that it has received a follow-on order valued over
$340,000 with a Middle Eastern government agency for installation of additional 78 All-in-One executive units across various of its locations across the region. The units have already been shipped. In addition, Magor expects maintenance and licensing fees, which equate to approximately 18% of the contract value to be paid annually.
"This order is phase two of a multi-phase program with this government agency. Following the installation of these new units, we will officially have over 100 of our All-in-One systems deployed across this agency," said
Mike Pascoe, President and CEO of Magor Corporation. "The
Middle East is an important market for us as many government agencies and corporate enterprises demand global solutions to communicate and interact with their respective stakeholders. They are actively engaged in broad deployment of visual collaboration solutions throughout their organizations, and this contract is a clear example of this opportunity, which we will continue to explore through our local partner, Info Tech International."
About Magor Corporation: Magor enables people to engage in high-quality visual conversations while simultaneously sharing, viewing and editing relevant collaborative material on desktops, laptops, tablets, smartphone applications, whiteboards and other devices. Magor fits any workflow so that users have the freedom to work together naturally anytime, regardless of location, network or device. To find out more about Magor Corporation (TSX-V: MCC), visit our website at
Neither 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.
SOURCE Magor Corporation