The Futura Loyalty Group Inc.

The Futura Loyalty Group Inc.

December 12, 2007 09:20 ET

Futura Completes Loan Transaction

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2007) -


The Futura Loyalty Group Inc. (TSX VENTURE:FUT) today announced that it has issued secured promissory notes to three lenders for aggregate proceeds of $850,000. The loans will bear interest at a rate of 12% per annum with interest accruing until the maturity date of June 10, 2009. If the principal and accrued interest are not paid on the maturity date, the interest rate will increase to 18% per annum from the maturity date until the loan is paid. The loan is repayable at any time without any penalty.

As additional consideration for the loan, the Company will grant to the lenders an aggregate of 3,400,000 bonus common shares in accordance with the TSX Venture Exchange policies. The proceeds of the loan will be used for working capital purposes. After the issuance of the bonus shares, the total outstanding number of common shares in the capital of the Company will be 89,446,554.

One of the lenders is Belweather Capital Partners Inc. David Beutel is a principal shareholder of Belweather and is also a director of the Company.

About Futura Rewards

Operated by Toronto-based The Futura Loyalty Group Inc., the Futura Rewards Program helps Canadians save money by purchasing a wide variety of consumer products and services from a broad array of some of Canada's best-known retailers, service companies and brands. Members earn rewards that are cash-equivalent and can be directed into any financial product -- mutual funds in a RRSP, Registered Education Savings Plans (RESPs), GICs, etc. -- at any financial institution in Canada. Members can also direct their rewards to registered charities of their choice. Futura's suite of services include marketing tools and expertise to assist groups, merchants, and affinity partners. Our strategy and project services include: co-branded loyalty and gift programs, consumer intelligence and analytics, design services and marketing program execution. For more information, visit

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including any risks and uncertainties described herein, as well as the risks and uncertainties detailed in our final long form prospectus dated November 29, 2005 filed with the regulatory authorities.

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The TSX-Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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