ODESIA Group Inc. Announces Amendments to Its Convertible Debentures Issued in July 2008
01 November 2011 - 11:00PM
Marketwired
ODESIA Group Inc. ("ODESIA" or "the Company") (TSX VENTURE:ODS), an
international corporation specializing in business-intelligence
solutions ("BI"), decision-process management and analytics, is
pleased to announce that its convertible debentures' holders have
agreed to amend the repayment schedule of the $660,000 balance for
the convertible debentures issued on July 21, 2008.
Under these amendments the repayment of principal and accrued
interest on the convertible debentures will now be made on a
monthly basis rather than semi-annually, as originally planned. No
changes were made to the convertible debentures' conversion
procedures.
These changes will accelerate the repayment of the convertible
debentures and reduce the interest expense incurred by ODESIA.
About ODESIA Group Inc.
ODESIA is an international corporation specialized in
business-intelligence (BI) solutions, decision-process management
and business analytics for large corporations. The Company provides
customers with a complete solution, regardless of technical
challenges involved. For more information visit us at
www.odesia.com
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.
Contacts: ODESIA Group Inc. Mr. Nicolas Bonnafous, President and
CEO 514.876.1155nbonnafous@odesia.com
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