ePals Awards Restricted Share Units
HERNDON, VA, Nov 21, 2012 (Menafn - MARKETWIRE via COMTEX) --ePals Corporation (the "Corporation"), aneducation media company and the world's leading safe social learningnetwork, announces that it has agreed to award to two seniorexecutives a total of 1,750,000 restricted share units which areredeemable for an equal number of the Corporation's restricted votingcommon shares upon vesting. The restricted share units will beawarded pursuant to the Corporation's restricted share unit plan andwill vest in various portions over time with the final vesting datebeing December 31, 2013. The restricted voting common shares issuableupon redemption of the restricted share units are subject to a holdperiod of four months and one day commencing on the date of theaward.
About ePals Corporation
ePals Corporation is an education media companyconnecting K-12 schools, students, teachers and parents around theworld for shared, 21st century learning. ePals operates the K-12market's premier social learning network, connecting millions ofusers in over 330,000 schools for collaboration around high qualitycontent and educational projects. ePals also publishesindustry-leading children's literature in physical and digitalformats. These magazines, books and mobile apps are subscribed to byhundreds of thousands of families and approximately one-third of allUS middle schools. ePals' award-winning products and brands include:the ePals Global Community(TM); SchoolMail(R)365;LearningSpace(R);In2Books(R); Cricket(R) and Cobblestone(R). ePalscustomers and partners include the International Baccalaureate,Microsoft Corporation, Dell Inc., IBM Corp. and leading schooldistricts across the United States and globally. ePals reachesapproximately 800,000 classrooms and millions of teachers, studentsand parents in approximately 200 countries and territories. For theePals Global Community(TM), visit www.epals.com
Neither the 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.
For further information, please contact:
Chief Financial Officer
Phone: (703) 885-3400
Phone: (416) 657-2400
SOURCE: ePals, Inc
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