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Odesia (ODS.v) hires Prime Communications for IR and brand awareness
Profitable with an improved balance sheet, Odesia continues its frenetic pace of acquisition, strategic alliance and contract award by announcing the appointment of an Investor Relation firm based in Vancouver.
Odesia Group hires Prime as communications firm
2012-06-12 09:25 ET - News Release
Mr. John Belfontaine of Prime reports
ODESIA ENGAGES PRIME COMMUNICATIONS INC. TO ACT AS OFFICIAL CORPORATE COMMUNICATIONS FIRM OF RECORD
Odesia Group Inc. has formally engaged Prime Communications Inc. to act as its 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 18-month term, renewable at the option of the company. Odesia will also grant Prime 300,000 stock options at an exercise price of 30 cents. 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 (in example 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 marketplace 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 in CGI Group, 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. invested big in International Business Machines (IBM)," further comments Mr. Belfontaine.
We seek Safe Harbor.