Apivio Announces Resignation of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 2, 2016) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE:APV), a leading provider of VoIP solutions, has announced that Mr. Chang Woo Lee has resigned his position as the President of Apivio's wholly owned subsidiary, Moimstone Co. Ltd., as well as from the board of directors of the Company (the "Board") effective March 1, 2016.

"On behalf of the Company and the Board, we wish to thank Mr. Lee for his contributions to the Company and wish him well in his future endeavors," said Rob Bakshi, President & CEO.

The Company will take steps to fill Mr. Lee's Board seat as soon as practicable.

About Apivio Systems Inc.

Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, please refer to its respective public filings available at www.sedar.com.

This press release has been prepared by Apivio Systems Inc. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.