CORRECTION - ViXS Systems Sets Date for Release of Q4 Fiscal 2016 and Annual Results

TORONTO, ON --(Marketwired - March 15, 2016) -

In the news release, "ViXS Systems Sets Date for Release of Q4 Fiscal 2016 and Annual Results," issued earlier today by ViXS Systems Inc. (TSX: VXS), we are advised by the company that the first sentence of the first paragraph and the date in the conference call details should read "Thursday March 31, 2016" rather than "Wednesday March 30, 2016" as originally issued. Complete corrected text follows.

ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, will release its fiscal 2016 Fourth Quarter and Annual results on Thursday March 31, 2016 after market close. A conference call to discuss ViXS' financial results will be held thereafter at 5:00 P.M. Eastern Time.

FISCAL 4Q16 AND ANNUAL CONFERENCE CALL DETAILS:

DATE:
Thursday March 31, 2016

TIME:
5:00 P.M. EST

DIAL IN NUMBER:
Local / International: 514-841-2157
North American Toll: Free: 1-866-215-5508

Passcode: 4210-4129

REPLAY NUMBER:
Local / International: 630-252-3042
North American Toll: Free: 1-888-843-7419
Passcode: 4210-4129

WEBSITE:

To view the press release or any additional financial information, please visit the Investor Relations section of the ViXS website at: http://investor.vixs.com/investor-relations/

About ViXS Systems Inc.

ViXS is a pioneer and market leader in designing revolutionary media processing semiconductor solutions for video over IP streaming solutions, with over 511 patents issued and pending worldwide, numerous industry awards for innovation, and over 33 million media processor shipped to date. ViXS is driving the transition to Ultra HD 4K across the entire content value chain by providing professional and consumer grade chipsets that support the new High Efficiency Video Coding (HEVC) standard up to Main 12 Profile, reducing bandwidth consumption by 50% while providing the depth of color and image clarity needed to take advantage of higher-resolution content. ViXS' XCodePro 300 family is ideal for Ultra HD 4K infrastructure equipment, and the XCode 6000 family of system-on-chip (SoC) products achieve unprecedented levels of integration that enable manufacturers to create cost-effective consumer entertainment devices.

ViXS is headquartered in Toronto, Canada with offices in Europe, Asia and North America. VIXS™, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners. For more information on ViXS, visit our website: www.vixs.com.

Forward-Looking Statements Statements in this press release that are not historical facts constitute "forward-looking statements" within the meaning of applicable securities laws. Such statements include, but are not limited to, statements regarding ViXS' projected revenues, gross margins, earnings, growth rates, the impact of new product design wins, market penetration and product plans. The use of terms such as "may," "anticipated," "expected," "projected," "targeting," "estimate," "intend" and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause ViXS' actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

For further information, please contact:

Charlie Glavin
ViXS Systems Inc.
T: +1 416 646-2000
cglavin@vixs.com

Investor Relations
ViXS Systems Inc.
T: 1 416 646-2000 ext. 3
Ir@vixs.com




Source: ViXS Systems Inc.