Vogogo Inc. Announces Changes to Board of Directors, Strategic Changes in Its Business Plan, and Filing of Its 2015 Audited Financial Statements and Related Management's Discussion and Analysis

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwired - April 29, 2016) - Payment processing and transactional risk management specialist Vogogo Inc. ("Vogogo" or the "Company") (TSX VENTURE:VGO) announces changes to its board of directors (the "Board"), strategic changes in its business plan and the filing of its 2015 audited financial statements and related management discussion and analysis.

The Board has appointed two new directors, Gino DeMichele and Thomas English, subject to approval by the TSX Venture Exchange.

Mr. DeMichele currently serves as the President and CEO of A2 Capital Management Inc., a private merchant banking and trading operation. He has been engaged in global and domestic financial markets since 1990 and brings 25 years of corporate finance and merger and acquisition expertise.

Mr. English brings a wealth of experience in the public capital markets and is currently President and CEO at AC Group. He has served as Head of Trading and Co-Head of Institutional Equity Sales at Salman Partners. Previous to this, Mr. English spent five years with CIBC World Markets. Mr. English holds BA in Economics and Political Science from the University of Western Ontario.

Margaret Gilmour and John Robinson resigned from the Board effective April 26, 2016. Vogogo thanks these former Board members for their valuable contributions to the Company.

"We welcome the addition of two distinguished new board members," said Dale Johnson, Chairman of Vogogo. "Their experience and expertise in finance, business strategies, business combinations, strategic partnerships and the capital markets will strengthen Vogogo's ability to execute on current opportunities and new business strategies".

The Board has initiated a process to explore strategic options for the Company focused on increasing shareholder value, including but not limited to a sale of one or more corporate assets, a strategic business combination or a strategic partnership. There can be no assurance that this exploration process will result in any transaction. There is no set timetable with respect to the Board's review, and the Company does not expect to make further public comment regarding these matters unless and until the Board approves a specific action or otherwise concludes its review.