EXO U Appoints Key Engineering Executive To Accelerate Growth

Former Magnet executive to help lead EXO U's technology and product teams

PALO ALTO, CA, June 26, 2014 /CNW Telbec/ - EXO U Inc. (TSXV: EXO), a leading provider of a software suite enabling businesses and educational institutions to securely manage their mobile workforces and students by delivering ubiquitous applications, today announced the appointment of Paul Tocatlian as its Vice President of Engineering. Tocatlian brings a wealth of experience in building high-growth, high-volume development organizations to his role at EXO U.  Paul Tocatlian was formerly Chief Technology Officer at Magnet Systems and an executive at BEA Systems which was sold to Oracle in 2008 for $8.5 billion.

Tocatlian brings over 20 years of product and technology experience to EXO U, most recently as Chief Technologist and VP of Engineering at Magnet in Palo Alto, CA. While at Magnet, Tocatlian led the development of three products: Mobile App Builder, Mobile App Server, and Mobile App Manager.  Prior to Magnet, Paul held Vice President of Engineering roles at Payfone, a mobile commerce processing service and at Minerva Networks, a global provider of IPTV solutions. Additionally, he has held numerous technical and services leadership positions at startups and industry giants including AT&T, BEA, and Novell. Paul holds an MSE in Computer and Information Science from the University of Pennsylvania and a B.S. in Computer Science from the American University of Paris.

This announcement comes at a time of expansion for EXO U, which now has just completed the roll out of its Educational platform to the country of Panama with 100,000 students currently using the technology. The addition of experienced senior talent with proven skills in leading teams and scaling infrastructure through rapid expansion is strategic for the company.

"I can't think of a more exciting time to join the team at EXO U," says Tocatlian. "The innovation and collaboration that drives this company is the type of culture I thrive in. EXO U's engineers are some of the best and brightest; we're going to do awesome things."

"Paul's experience in scaling high growth organizations adds great value to our senior leadership team," says Shan Ahdoot, CEO of EXO U. "Moreover, his drive for developing world class products that solve our customers' most pressing needs aligns well with EXO U's core values."

About EXO U

EXO U, with offices in Montreal, Quebec, and Palo Alto, CA, enables true mobility for businesses and government organizations by securely creating compelling ubiquitous applications that delight end-users. Our software simplifies development and management of the entire application lifecycle, freeing clients to focus on building engaging applications that work across different operating systems and form factors, thus increasing productivity for developers and reducing total cost of ownership for enterprises. The agnostic technology framework of EXO U offers a unified collaborative workspace to users with a unique, safe and attractive experience for current and future digital content and applications. For more information, visit http://www.exou.com and follow us on Twitter http://twitter.com/exo_u.

Disclaimer

Certain statements made in this press release that are not historical facts are forward-looking and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward–looking statements may differ materially from actual results or events. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. For additional information with respect to certain of these and other assumptions and risk factors, please refer to EXO U's management's discussion and analysis dated September 29, 2013 available under the Corporation's profile on SEDAR at www.sedar.com. The forward-looking information contained in this press release represents EXO U's current expectations. EXO U disclaims any intention and assumes no obligation to update or revise any forward-looking information, except by applicable securities laws.

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

SOURCE: EXO U Inc

Mr. Doug McCollam, CFO at EXO U Inc., Phone: [phone], e-mail: [email protected]