MARKHAM, ONTARIO–(Marketwired – June 17, 2014) – VIQ Solutions Inc. (“VIQ Solutions” or the “Corporation”) (TSX VENTURE:VQS) is pleased to announce the appointment of Sebastien Pare as President of VIQ Solutions effective immediately. Mr. Pare is expected to commence his daily duties with VIQ Solutions on August 1, 2014.
Mr. Pare will assume responsibility for continuing to build the Corporation’s digital recording and management business unit with the primary directive of generating sustainable revenues from operations and ultimately creating value for VIQ Solutions’ shareholders. Mr. Pare will be responsible for the strategic and global operations of the digital recording and management business, setting innovative programs to meet goals in revenue growth, with an emphasis on complementary market verticals and emerging geographic regions.
In his new role, Mr. Pare will report to David Outhwaite, Chief Executive Officer and Chairman of the Board of Directors.
“Leadership is a fundamental key to success for any technology company, and thus we are extremely pleased to have Mr. Pare join our team. He is the type of energetic and entrepreneurial business leader needed by VIQ Solutions during this important stage in our development,” said Mr. Outhwaite. “Bringing him into the organization now will also enable me to focus more of my time on the Corporation’s overall strategic plan, where I can have the greatest impact on our organization’s success.”
Mr. Pare brings 17 years of diverse and valuable experience from the technology industry, including marketing and product strategy, strategic planning, new business development, operations management, technology leadership, and merger and acquisitions experience.
“I am highly enthusiastic about this opportunity,” said Mr. Pare. “VIQ Solutions’ product pipeline and proprietary technologies have tremendous potential to address the growing need for robust digital recording solutions across a multitude of market sectors. We have a very unique opportunity to build a business whose impact extends far beyond our traditional markets.”
Mr. Pare is a leading expert on digital eServices and enterprise automation for public sector agencies around the world. He has worked in North America, the Caribbean, the Middle East and West Africa. In Mr. Pare’s most recent position, he was President and Chief Operating Officer of an enterprise technology platform company dedicated to public sector digital services in a number of market sectors including courts, justice, law enforcement and healthcare on a worldwide basis. Previously, he held key management roles in professional and advisory services and sales and product positions in public and private sectors in North America and in the Middle East. Mr. Pare received a Bachelor of Science from the University of Quebec at Montreal and a Master of Science from the University of British Columbia.
About VIQ Solutions Inc.
VIQ Solutions is a global leader in computer-based digital audio and video capture and management. We develop software solutions that capture, digitize, and compress audio and video data, which is securely stored in a multi-tiered server system where it is easily searchable and shareable. Our innovative media processor technology allows users to remotely control audio-video capture in multiple locations from a single satellite location, allowing large-scale and complex installations to be managed efficiently by fewer resources. VIQ Solutions’ technologies are installed in courts, legislative assemblies, law enforcement and hearing rooms around the world.
For more information about VIQ Solutions, please visit www.viqsolutions.com.
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 this release.
Forward-Looking Information and Statements
This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” “forecast” and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: Mr. Pare’s expected start date, the anticipated responsibilities of Mr. Pare and the benefits that Mr. Pare’s experience could have on the Corporation.
Forward-looking statements or information are based on a number of material factors, expectations or assumptions of VIQ Solutions which have been used to develop such statements and information but which may prove to be incorrect. Although VIQ Solutions believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because VIQ Solutions can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: Mr. Pare’s start date; the timely receipt of any required regulatory approvals (including the TSXV) in respect of Mr. Pare’s appointment and the ability of Mr. Pare to fulfill the duties associated with his expected role.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to defer materially from those anticipated in such forward-looking information or statements including, without limitation any withholding of required regulatory approvals (including the TSXV) to Mr. Pare’s appointment.
The forward-looking information and statements contained in this news release speak only as of the date of this news release, and VIQ Solutions does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws
CEO and Chairman
(905) 948-8266 ext. 250
VIQ Solutions Inc.
Chief Financial Officer
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