Aumento Capital III Corporation announces exchange approval of new name and issuance of shares

MONTREAL, Aug. 13, 2013 /CNW Telbec/ - Aumento Capital III Corporation (the "Corporation") announces that the TSX Venture Exchange approved the change of its corporate to "EXO U Inc.". The new name will become effective at the opening of market on Wednesday, August 14, 2013. The common shares of the Corporation will continue to be listed and posted for trading on the TSX Venture Exchange under the symbol "EXO".

The Corporation further announces that it has issued 1,221,276 common shares of the Corporation (the "Finder Shares") and 8,000 common shares of the Corporation (the "Consultant Shares") at a deemed price of respectively $1.00 per Finder Share and $0.80 per Consultant Share. The Finder Shares were issued in consideration with services provided to the Corporation in connection with its "qualifying transaction" completed on June 13, 2013 (the "Qualifying Transaction"). The Consultant Shares were issued in consideration of services provided to EXO U Inc., then a privately-held company, prior to the completion of the Qualifying Transaction. The Finder Shares and the Consultant Shares are subject to a four-month hold period pursuant to Canadian securities laws.

About EXO U

EXO U enables organizations to embrace the consumerization of IT and simplify "Bring Your Own Device" (BYOD) programs by seamlessly delivering applications across all devices and computing platforms. The company's universal application framework delivers a consistent, secure and compelling user experience for existing and future applications. By working seamlessly across all devices and platforms, EXO U's technology-agnostic framework helps enterprises implement BYOD programs, allows schools to incorporate digital technologies into the classroom and facilitates increased productivity and knowledge sharing among both professionals and students. For more information, please visit http://www.exou.com and follow us on Twitter.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: EXO U Inc

Doug McCollam, Chief Financial Officer, [phone] or [email protected].