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Press Release

ESPIAL GROUP INC. FILES PRELIMINARY PROSPECTUS FOR INITIAL PUBLIC OFFERING

May 11, 2007
ESPIAL GROUP INC. FILES PRELIMINARY PROSPECTUS FOR INITIAL PUBLIC OFFERING

(Not for distribution to U.S. newswire services or for dissemination in the United States.)

 

May 11, 2007 – Ottawa, Ontario, Canada – Espial® Group Inc. -(“Espial”) today announced that it has filed a preliminary prospectus with securities regulatory authorities in each of the provinces and territories of Canada in connection with an initial public offering of its common shares. This offering will be underwritten by a syndicate of underwriters led by GMP Securities L.P. and Genuity Capital Markets G.P.

 

Espial provides open, modular, customizable, and carrier-grade IPTV middleware and applications that are deployed with communications and entertainment service providers around the world. Espial's Evo® IPTV Service Platform, which can be purchased as separate components or as part of a pre-integrated client-server solution, includes Evo® Client, Evo® Server, Evo Future-Proof Framework™ (FPF), Evo SkinTones™ and applications such as Electronic Program Guide, Video on Demand, Interactive Content Portal, Games, and Evo Browser.

 

This press release is not an offer to sell or a solicitation of an offer to buy common shares, nor shall there be any sales of the common shares in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The common shares of Espial Group Inc. have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act.

 

For further information, please contact:

 

Inquiries from financial press or analysts:

 

Robert Daly, Chief Financial Officer, Espial Group Inc. (613) • 230-4770 e-mail: rdaly@espial.com

 

Inquiries from industry press or analysts:

 

Brian Mahony, Vice President of Marketing, Espial Group Inc. (508) • 479-7254 e-mail: bmahony@espial.com

 

 

 

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