ODESIA Group Inc.

TSX VENTURE : ODS


ODESIA Group Inc.

February 21, 2013 08:00 ET

ODESIA Repositions Vendor Take-Back Note

MONTREAL, QUEBEC--(Marketwire - Feb. 21, 2013) - ODESIA Group Inc. (TSX VENTURE:ODS), ("the Company"), is pleased to announce that it has repositioned the existing vendor take-back ("VTB") note for Interfacing Technologies Corporation Inc. ("Interfacing") to better reflect Interfacing evolution.

Under the initial VTB, a payment of $262,000 was due in May 2013 and another $550,000 in May 2014; under the new three-year agreement, effective February 2013, monthly instalments of $15,417 will be paid in the first 12 months, $26,979 in the next 12 months and $34,688 in the last 12 months.

"The reorganisation of this VTB is in line with the development strategy for our software division," declared Nicolas Bonnafous, President and Chief Executive Officer of ODESIA.

About ODESIA

Founded in 1998, ODESIA Group Inc. is a Canadian Information Technology (IT) consulting and solutions company headquartered in Montreal. ODESIA offers solutions in Business Intelligence, Business Process Management and Big Data Analytics. ODESIA's mission is to help you improve operations efficiency, enhance process performance and make better business decisions by mastering the right information, at the right time, and the right place. Website: www.odesia.com

ODESIA is listed on the Toronto Venture exchange under the symbol "ODS".

Disclaimer in regards to forward-looking statements

This press release contains forward-looking statements which reflect ODESIA's current expectations regarding future events and may involve risks or uncertainties. Actual results could differ materially from those projected herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • ODESIA Group Inc.
    Mr. Nicolas Bonnafous
    President and Chief Executive Office
    514.876.1155 ext. 102
    Toll Free: 1.855.876.1155
    nbonnafous@odesia.com