SOURCE: iPerceptions Inc.

July 18, 2007 11:28 ET

iPerceptions Inc. Announces the Closing of a Second Private Placement of an Amount of $ 608,350.95

MONTREAL--(Marketwire - July 18, 2007) - iPerceptions Inc. ("iPerceptions") (TSX-V: IPE) announces the closing of a private placement of 1,351,891 units for gross proceeds of $ 608,350.95. This private placement is made further to a first private placement closed on June 29, 2007, under the same terms and conditions has those of the first private placement.

Each unit, issued at the price of $ 0.45, consists of one common share in the share capital of iPerceptions, of one half Tranche A Warrant and of one half Tranche B Warrant. Each full Tranche A Warrant will allow its holder to acquire one common share in the share capital of iPerceptions, at the price of $ 0.60 until December 30, 2008. Each full Tranche B Warrant will allow its holder to acquire one common share in the share capital of iPerceptions, at the price of $ 0.75 until June 30, 2009. Securities underlying the units issued under the private placement will be subject to a 4-month hold period expiring on November 19, 2007.

1,333,000 units, at the price of $ 0.45 each, were issued to a related party, Fier ID, société en commandité, whose general partner of its general partner is 9165-3469 Québec Inc., a subsidiary of Telesystem Ltd., an important shareholder and insider of iPerceptions.

Canaccord Capital Corporation acted as Agent for a portion of this private placement of an amount of $ 599,850. Canaccord Capital Corporation was granted an aggregate of 93,310 non assignable broker warrants allowing for the purchase of the same number of common shares in the share capital of iPerceptions, at the price of $ 0.45 per share, until June 30, 2009. No cash commission has been paid with regards to the private placement.

About iPerceptions:

iPerceptions is one of North America's leading web-focused attitudinal analytics providers. Its webValidator Continuous Listening solution and its Proprietary Satisfaction 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, CompUSA, LG Electronics, Toshiba, Choice Hotels International, BMW and Hilton Hotels. iPerceptions has offices in New York, Toronto and Montreal.

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

Contact Information

  • Media information:
    Jonathan Levitt
    Vice-President, Marketing
    iPerceptions Inc.
    Tel: 514-488-3600
    Fax: 514-484-2600

    Investor information:
    Jerry Tarasofsky
    Chief Executive Officer
    iPerceptions Inc.
    Tel: 514-488-3600
    Fax: 514-484-2600

    Martin Faucher
    Chief Financial Officer
    iPerceptions Inc.
    Tel : 514-488-3600
    Fax: 514-484-2600