Advantex Issues Warrants in Connection With Amendments to Certain Convertible Debentures

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[{"type":"text","content":"\n\n\n\nADX: TSX\n\n\nTORONTO, Jan. 13 /CNW/ - Advantex Marketing International Inc.\n("Advantex" or the "Company") (TSX: ADX), a leading specialist in merchant\nfunding and loyalty marketing programs, announces that it has issued an\naggregate of 9,853,685 common share purchase warrants of the Company\n("Warrants") in connection with the changes to certain covenants of the\nsecured convertible debentures of the Company (the "Debentures") due December\n9, 2011, as amended (the "Private Placement"), announced in its news release\ndated September 25, 2008. Such changes include amendments to certain financial\ncovenants relating to defined levels of current assets and interest coverage.\n\n\nEach Warrant is exercisable to acquire one common share of Advantex at\n$0.045 per share until December 9, 2011. An additional 136,315 Warrants have\nbeen authorized for issuance in connection with the Private Placement pending\nthe receipt by Advantex of certain required documentation.\n\n\nAbout Advantex Marketing International Inc.\n\n\nAdvantex is a specialist in the marketing services industry, managing\nwhite-labeled rewards accelerator programs for major affinity groups through\nwhich their members earn bonus frequent flyer miles and/or other rewards on\npurchases at participating merchants. Under the umbrella of each program,\nAdvantex provides merchants with marketing, customer incentives, and secured\nfuture sales through its Advance Purchase Marketing model. Advantex partners\ninclude more than 700 restaurants, online retailers, golf courses, small inns\nand resorts, and major organizations, including CIBC, United Airlines, Alaska\nAirlines, and Lufthansa Airlines. Advantex is traded on the Toronto Stock\nExchange under the symbol "ADX". For additional information on Advantex,\nplease visit www.advantex.com.\n\n\n%SEDAR: 00004122E\n\n\n","length":1965,"tagName":"div"}]

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