iPerceptions Inc.

November 27, 2008 15:55 ET

Skuli Mogensen Invests in iPerceptions Inc.

MONTREAL, QUEBEC--(Marketwire - Nov. 27, 2008) - On November 26, 2008 by private agreement, Mr. Skuli Mogensen subscribed for an unsecured convertible debenture of iPerceptions Inc. (TSX VENTURE:IPE) ("iPerceptions") in the principal amount of Can. $1,500,000 maturing on November 26, 2011 ("Debenture"). The principal and the interest on the Debenture are convertible into common shares of iPerceptions at a price of $0.11 per share for the first 2 years and $0.13 per share for the last year. The subscription has closed in escrow pending the final approval of the TSX Venture Exchange. This news release is being issued under the early warning requirements of Canadian provincial securities legislation.

iPerceptions had 38,847,575 common shares issued and outstanding as at November 23, 2008. If the Debenture were converted directly following the transaction, Mr. Mogensen would acquire ownership of 13,636,363 common shares (18.93%) of iPerceptions without giving effect to the exercise of any other options, warrants or other outstanding convertible securities of iPerceptions.

The Debenture was acquired for investment purposes. Mr. Mogensen has no present intention of acquiring additional securities of iPerceptions.

About iPerceptions

iPerceptions is one of North America's leading web-focused Voice of Customer analytics providers. Its webValidator Continuous Listening solution and Proprietary iPerceptions Satisfactions Index (iPSI), turn thousands of data points into easy-to-understand strategic and tactical decision support for website marketers. iPerceptions' clients include such well known brands as InterContinental Hotels, General Motors, Dell Computers, Hyundai, LG Electronics, Toshiba, Choice Hotels International, BMW and Monster Worldwide. iPerceptions has offices in New York, Toronto, Montreal and London, UK.

Contact Information