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MOU Manitou Capital Corp

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Share Name Share Symbol Market Type
Manitou Capital Corp TSXV:MOU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Meridex signs M.O.U with FLO RIDA for an Exclusive License in the Health and Fitness Category

23/01/2014 8:30am

Marketwired Canada


Meridex Software Corp. (TSX VENTURE:MSC.H) (the "Company" or "MSC") announced
today that it has signed a memorandum of understanding ("MOU") with 4-time
Grammy nominated, multi-platinum selling recording artist and international
music superstar FLO RIDA and his company FLO FIT Holdings LLC.


The Company and FLO FIT Holdings LLC, and Tramar Dillard (FLO RIDA) have signed
an MOU for an exclusive license to FLO RIDA's name, trademarks, image and
likeness in the health and fitness category including but not limited to an
instructional exercise video series. The MOU, is non-binding, and is subject to
the execution of definitive transaction agreements, regulatory, shareholder and
board approval as may be required.


In addition, upon execution of the definitive material agreements, the Company
and FLO RIDA, have agreed to a private placement subscription agreement in which
FLO RIDA will purchase $100,000 USD in common shares of MSC. This private
placement is subject to regulatory, board and shareholder approval as may be
required. 


"We are excited to have taken this step as a business as we make a move into the
multi-billion dollar health and fitness video and products category," said Craig
Schneider President and CEO for Meridex. "We can't think of any other partner
that we would rather be starting out our new business direction with than FLO
RIDA. FLO RIDA is an advocate of health and lifestyle, his physical appearance
supports that, and as a brand he has more than 17 million fans on Facebook and
over 5 million followers on Twitter, he is truly a global brand. Our plan upon
finalizing the definitive agreements is to commence the production of a new
extreme home based fitness video series starring FLO RIDA, which upon completion
will be marketed and sold in the same direct to home billion-dollar fitness
sector as P90x(R) and Insanity(R). From there we have ambitions together to add
a number of new ancillary products, apparel, apps and more all under a single
brand." 


About FLO RIDA

FLO RIDA is an international hip hop artist and businessman having sold over 60
million singles around the world. He owns a music production company under the
banner I.M.G. STRONGARM, and has a following around the globe with over 17
millions Facebook fans and over 5 million followers on Twitter. Information on
FLO RIDA can be found at www.officialflo.com. 


Meridex Software Corp 

Craig Schneider, President and CEO

Forward-Looking Statements

This news release may contain forward-looking statements and information based
on current expectations. These statements should not be read as guarantees of
future performance or results. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance or
achievements to be materially different from those implied by such statements.
Although such statements are based on management's reasonable assumptions, there
can be no assurance that such assumptions will prove to be correct. We assume no
responsibility to update or revise them to reflect new events or circumstances.


Additionally, there are known and unknown risk factors which could cause Meridex
Software's actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking information contained herein. Known risk factors
include, among others: reliance on the health and marketability of celebrity
fitness talent in productions owned by Meridex Software's; actual results from
the use of celebrity fitness products may differ substantially from anticipated
results; the substantial investment of capital required to produce and market
video and entertainment productions, limitations imposed by our financing
abilities, unpredictability of the commercial success of our programming,
difficulties in integrating technological changes and other trends affecting the
entertainment industry.


All forward-looking information herein is qualified in its entirety by this
cautionary statement, and Meridex Software disclaims any obligation to revise or
update any such forward-looking information or to publicly announce the result
of any revisions to any of the forward-looking information contained herein to
reflect future results, events or developments, except as required by law.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Meridex Software Corp.
Craig Schneider
President and CEO
604.683.2505
604.683.2506 (FAX)
Meridex@outlook.com

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