The Futura Loyalty Group Inc.

The Futura Loyalty Group Inc.

April 07, 2010 18:07 ET

Futura Grants Over Allotment Option for Private Placement

TORONTO, ONTARIO--(Marketwire - April 7, 2010) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) ( the "Company") is pleased to announce today that it has granted an option (the "Over-Allotment Option"), exercisable in whole or in part at any time up to the closing of the its private placement previously announced on February 4, 2010 of up to $1,000,000 (the "Financing") to offer for sale up to an additional 3,000,000 equity units ("Units") at a price of $0.05 per Unit for additional gross proceeds to the Company of up to $150,000. 

If the Over-Allotment Option is fully exercised, the total gross proceeds of the proposed Financing would be $1,150,000 which would result in 23,000,000 common shares being issued pursuant to the Financing.

About The Futura Loyalty Group Inc.

The Futura Loyalty Group markets a suite of coalition rewards programs to mid size retail and service businesses nationally. Currently the two programs being offered are Futura Rewards™, a proprietary cash rewards program, as well as Aeroplan. The company also licenses its proprietary technology solutions to companies and organizations looking to operate private label rewards programs.

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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.

TM Trademark of The Futura Loyalty Group Inc.

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

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