VANCOUVER, BC--(Marketwired - June 17, 2015) -


MediaValet Inc. (TSX VENTURE: MVP) (the Company), a leading provider of cloud-based digital asset management software, announced today it intends to raise $2.2 million through a non-brokered private placement and has received an initial subscription for the full amount from a large Boston-based asset manager at a price of $0.29 per Share (the "Private Placement").

The proceeds of the private placement will be used to build its sales and marketing team, enhance the Company's operational foundation, and further accelerate product development.

The Company may increase the size of the Private Placement by up to 15% and will pay a 6% finder's fee in connection with the initial subscription.

The Private Placement is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About MediaValet Inc.

MediaValet stands at the forefront of the emerging cloud-based digital asset management industry. Dedicated to delivering best in class enterprise cloud software, with an in-depth understanding of Azure, and leveraging a strong relationship with Microsoft, MediaValet is uniquely equipped to meet the digital asset management needs of any organization, no matter its size, its industry or its location. Cutting edge technology, exceptional product design, and unlimited friendly customer service are at the core of MediaValet's product strategy -- ensuring exceptional customer and user experiences are delivered at all times.

"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."

Contact Information:

For further information, please contact:

Corporate Office
David MacLaren
President & CEO
(604) 688-2321

Press Relations
Asa Zanatta
Director of Communications
(604) 688-2321