MPVC Inc. Announces Shares for Debt

WINNIPEG, MANITOBA--(Marketwired - Sept. 9, 2013) - MPVC Inc. ("MPVC" or the "Corporation") (TSX VENTURE:MVC.H) announces today that it is proceeding with a common share issuance for settlement of outstanding debt of the Corporation.

Two directors of MPVC and several other individuals have provided funds to the Corporation over the past couple of years to bring the Corporation back into good standing as a reporting issuer and pay ongoing costs of compliance. MPVC had been cease traded for failure to file certain audited annual and unaudited interim financial statements and the cease trade orders were revoked by the The Manitoba Securities Commission, the Alberta Securities Commission and the British Columbia Securities Commission in February of this year. In conjunction with this, all annual and interim financial statements of the Corporation were prepared and have since been filed within the required deadlines. Expenses were incurred for audit, legal and regulatory/compliance filing fees over the past several years

MPVC is proposing to settle a total of $248,058.63 in debt by the issuance of 4,961,173 common shares to six individuals at a deemed price of $0.05 per share. These shares will be subject to a hold period of four months and a day from the date of issuance. No insiders or control persons will be created by the issuance of these shares for debt. Closing of the issuance is subject to applicable regulatory requirements and final NEX approval.

The Corporation also wishes to confirm that the securities issued pursuant to a closing of a private placement of units on August 30, 2013, are subject to a four month and one day hold period expiring December 31, 2013. As announced in a news release dated September 3, a total of 10,450,000 units were issued for gross proceeds of $522,500.

MPVC is currently listed and posted for trading on the NEX exchange and is actively seeking a transaction to qualify for reactivation and listing on the TSX Venture Exchange. The current management and board of directors have prior public company experience and business experience in a variety of industries

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 press release.

This news release is not for dissemination in the United States or for release to U.S. newswire services. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to persons in the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.