VANCOUVER, BRITISH COLUMBIA--(Marketwire -06/12/12)- ODESIA Group Inc. (ODS.V) ("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 investment community.
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 need these 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.