MediaValet Appoints New Chairman of the Board and Announces Closing of a $750,000 Private Placement

VANCOUVER, BC--(Marketwired - March 31, 2015) - MediaValet Inc. (TSX VENTURE: MVP) (the Company), a leading provider of cloud-based digital asset management software, is pleased to announce that Rob Chase, formerly the COO of Absolute Software Corporation, has joined MediaValet's board of directors and been appointed Chairman. Concurrent with his appointment, Rob led a $750,000 round of financing with a personal investment of $500,000.

"MediaValet stands at the forefront of the rapidly emerging digital asset management industry. With today's announcement, we further reinforce this position and increase our competitive advantage by adding a proven and highly successfully software-as-a-service veteran to our team," commented David MacLaren, President, CEO of MediaValet. "We're on the verge of a major leap forward in our business and I'm confident Rob's extensive experience with two highly successful public software companies will help guide us through the next step in our corporate evolution. I look forward to working with Rob and the rest of the team in implementing our strategy to revolutionize the digital asset management industry."

Mr. Rob Chase

• Served as Chief Operating Officer (2010 to 2014), Chief Financial Officer (2004 to 2010) and head of finance (2000 to 2004) for Absolute Software (TSX: ABT), where he was responsible for corporate strategy, acquisitions, investor relations, strategic partnerships and operations. Rob had a strong hand in Absolute's growth into a global SaaS leader; growing from 49 people and $4 million in sales in 2000, to over 450 people and nearly $100 million in sales by 2014. During this time, Absolute's market capitalization grew from a low of $12 million to over $450 million today. 
• Served as Director and Audit Committee Chair for PNI Digital Media, Inc. (TSX: PN) from February 2013 to July 2014, where he was instrumental in delivering an exciting turnaround that saw PNI's operations return to growth and profitability, shareholder confidence rebuilt, and a 10-fold increase in valuation through the sale of PNI to Staples in July 2014.
• Currently serves as Chairman of the Board for HIT Technologies, Inc., a private Vancouver-based start-up company that has patented an industry-leading waterproof, shockproof case for the iPhone. 

"I'm very excited to join the MediaValet team," said Rob Chase. "While it is still early in their lifecycle, they've already developed a world-class SaaS offering, have landed many well-known reference-able brand-name customers, are generating a sticky and growing recurring revenue stream, and have an experienced team in place with the grit and heart required to win. I believe MediaValet has the potential to become the go-to provider in the rapidly emerging cloud-based digital asset management industry and I'm looking forward to leveraging my experience to help them get there."