The Futura Loyalty Group Enters into Advisory Agreement with Spinnaker Capital Markets
13 May 2011 - 2:24AM
Marketwired
The Futura Loyalty Group Inc. (TSX VENTURE: FUT) (the "Company") is
pleased to announce that it has appointed Spinnaker Capital Markets
Inc. ("Spinnaker") as its capital markets and investor relations
advisor.
The agreement is for an initial term of twelve months from May
15, 2011 to May 14, 2012. Spinnaker's mandate will focus on
developing and expanding the network of investors, analysts, and
financial intermediaries who are interested in following the Futura
growth and investment story. The agreement also provides for a full
range of services for a monthly fee of $5,000. The Company has also
granted Spinnaker stock options to purchase 700,000 common shares
at an exercise price of $0.10 pursuant to the Company's stock
option plan (the "Plan"). These options vest on a quarterly basis
over a 12 month period and will expire on the earlier of May 14,
2016 or 90 days after the services agreement terminates. The
agreement, including the option grant, is subject to the approval
of the TSX Venture Exchange.
"We are delighted to have been selected by Futura as their
investor relations and capital markets advisors and look forward to
a long and successful relationship," noted Ali Mahdavi, Partner at
Spinnaker Capital Markets.
"The Futura team is extremely excited to work with Spinnaker to
increase our market exposure, and give us stronger representation
in the equity markets. This is the next step in our efforts to
build shareholder value. Given Spinnaker's track record, we believe
that they are the ideal partner and advisor to complement and
communicate our growth strategy in delivering shareholder
value."
After giving effect to the above grants, 5,024,520 options will
be outstanding under the Plan. The Company currently has
164,014,411 common shares issued and outstanding.
About Futura Loyalty Group
The Futura Loyalty Group Inc. is an industry-leading provider of
integrated and stand-alone loyalty solutions for Canadian
businesses. The company offers a suite of loyalty products and
services including access to two different coalition loyalty
programs, Aeroplan and Futura Rewards. Futura also develops custom
programs for companies wishing to develop proprietary loyalty
solutions. Futura's loyalty services include member account set up,
management and reward redemption platform, a web-based program
transaction reporting interface for merchants, a robust offer
management system, retail POS Integration for card swipe issuance
and a proprietary web based reward issuance solution. For more
information regarding Futura Loyalty Group, visit www.tflg.ca.
About Spinnaker
Spinnaker is Toronto based advisory firm which provides TSX and
TSX.V listed companies with an array of advisory services from
investor relations to strategically positioning its portfolio of
companies for maximum exposure amongst targeted research analysts,
and retail and institutional investors. Spinnaker has long-standing
relationships with Canadian, American and European investment
banking, asset management and retail brokerage firms with focus on
the small to mid capitalization market segment.
The TSX-Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: The Futura Loyalty Group Inc. Mark Farrell CEO
416-775-3160 mfarrell@tflg.ca www.tflg.ca Spinnaker Capital Markets
Ali Mahdavi Partner (416) 962-3300 am@spinnakercmi.com
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