The Futura Loyalty Group Inc.

The Futura Loyalty Group Inc.

October 22, 2007 09:53 ET

The Futura Loyalty Group Appoints Darryl Kleebaum as CFO

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2007) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced that Darryl Kleebaum has been promoted to the position of CFO. Darryl is replacing Jim Grundy who is leaving to pursue another opportunity. Darryl has been employed with the Company since March, 2006 in his current capacity as Director of Financial Reporting with wide ranging responsibilities including financial reporting and management disclosure. Darryl is a Chartered Accountant with extensive experience in financial reporting for private and public companies.

"We are pleased that Darryl has agreed to take on this role and have a lot of confidence in his abilities. Darryl has comprehensive knowledge of our business, processes, and all aspects of the Company's financial reporting", says Mark Farrell, President and CEO of Futura. "Jim has an exciting opportunity and we wish him continued success in his new role. It is important to note that Jim's departure is amicable not related to any issues with the Company's accounting systems or financial reporting."

The Company also announced that Tony Farrow has resigned from the board. Tony has been a board member since 2004. His latest venture has required him to relocate to Florida and will make it difficult to provide the necessary time commitment to the Company. Tony has been a valuable member of the board since joining and the remaining board members and management team will miss his input and advice.

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

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