Monexa Technologies Corp. Announces Debt Financing

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[{"type":"text","content":"\n\n\n\n Feb. 4, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Feb. 4 /CNW/ - Monexa Technologies Corp. (TSX Venture: MXA) ("Monexa" or the "Company") is pleased to announce that the Company's Board of Directors has\n accepted the terms of a loan (the "Loan") from Ansera Capital II, Limited Partnership ("Ansera") in the principal amount of $600,000 which can be drawn down by the\n Company on a demand basis.\n\n\nGarth Albright, CFO of Monexa, said, "The funds from the recently closed\n private placement, together with this Loan, will carry Monexa to\n operating on a cash-flow break-even basis.  With our success in 2010 at\n signing new recurring revenue contracts and renewing existing\n agreements, we've demonstrated the growth potential in the SaaS billing\n business, and built revenue for 2011 and beyond."\n\n\nJohn Jacobson, CEO of Monexa, said, "Exciting new growth and established\n enterprise companies chose Monexa in 2010 as their SaaS billing\n solution.  It was a rewarding year for building long-term value.  With\n the January 2011 capital injection from the private placement and the\n Loan from Ansera, we're equipped to take the Company to the next\n level."\n\n\nThe Loan will be secured by a promissory note (the "Note") which yields interest of 10% per annum and matures on September 30,\n 2011. Ansera has the option to require the accrued interest on the Note\n to be repa...

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