TORONTO, ONTARIO--(Marketwire - May 12, 2011) - 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 networkof investors, analysts, and financial intermediaries who are interestedin following the Futura growth and investment story. The agreement alsoprovides 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
.10pursuant to the Company's stock option plan (the "Plan"). These optionsvest on a quarterly basis over a 12 month period and will expire on theearlier of May 14, 2016 or 90 days after the servicesagreement terminates. The agreement, including the option grant, issubject to the approval of the TSX Venture Exchange.
"We are delighted to have been selected by Futura as their investorrelations and capital markets advisors and look forward to a long andsuccessful relationship," noted Ali Mahdavi, Partner at Spinnaker Capital Markets.
"The Futura team is extremely excited to work with Spinnaker toincrease our market exposure, and give us stronger representation in theequity markets. This is the next step in our efforts to buildshareholder value. Given Spinnaker's track record, we believe that theyare the ideal partner and advisor to complement and communicate ourgrowth strategy in delivering shareholder value."
After giving effect to the above grants, 5,024,520 options will beoutstanding under the Plan. The Company currently has 164,014,411 commonshares issued and outstanding.
About Futura Loyalty Group
The Futura Loyalty Group Inc.is an industry-leading provider of integrated and stand-alone loyaltysolutions for Canadian businesses. The company offers a suite of loyaltyproducts and services including access to two different coalitionloyalty programs, Aeroplan and Futura Rewards. Futura also developscustom programs for companies wishing to develop proprietary loyaltysolutions. Futura's loyalty services include member account set up,management and reward redemption platform, a web-based programtransaction reporting interface for merchants, a robust offer managementsystem, retail POS Integration for card swipe issuance and aproprietary web based reward issuance solution. For more informationregarding Futura Loyalty Group, visit www.tflg.ca.
About Spinnaker
Spinnaker is Torontobased advisory firm which provides TSX and TSX.V listed companies withan array of advisory services from investor relations to strategicallypositioning its portfolio of companies for maximum exposure amongsttargeted research analysts, and retail and institutional investors.Spinnaker has long-standing relationships with Canadian, American andEuropean investment banking, asset management and retail brokerage firmswith 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.
FOR FURTHER INFORMATION PLEASE CONTACT:The Futura Loyalty Group Inc.Mark FarrellCEO416-775-3160mfarrell@tflg.cawww.tflg.caSpinnaker Capital MarketsAli MahdaviPartner(416) 962-3300am@spinnakercmi.comSource: The Futura Loyalty Group Inc.