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Advantex Marketing International Inc C.ADX

Alternate Symbol(s):  ATXMF

Advantex Marketing International Inc. is a Canada-based company, which provides working capital to merchants. The Company provides merchant cash advance (MCA) and loyalty marketing services to its community of merchants. It also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants. Its segments include MCA program and Aeroplan program. In the MCA program, the Company provides merchants with working capital through pre-purchase, at a discount, of merchants’ future cash flows. The Company is a re-seller of Aeroplan Points. It sells Aeroplan Points to merchants who are small and mid-sized retailers and service providers. The Company’s merchants operate across Canada in diverse business segments: restaurants; independent inns, resorts and selected hotels; spas; retailers of men’s and ladies’ fashion, footwear and accessories; florists and garden centers; health and beauty centers; gift stores, and home decor.


CSE:ADX - Post by User

Comment by MartyPon Sep 21, 2000 3:33pm
319 Views
Post# 2536036

RE: The one thing that concerns me is...

RE: The one thing that concerns me is...I just got off the phone with Lisa. And I stand corrected. I didn't realize that I was reading a CIBC news release. However, my concern is ligit. As Lisa has confirmed with me, the deal has not been finalized as of yet. My main concern was that it could still take several weeks or even months before signatures are on paper. However, Lisa has also confirmed that CIBC said that the deal will be signed, sealed, and delivered within the next 30 days. This could mean anywhere up to the next 30 days - as in the next several hours, days, or the next few weeks. It doesn't seem like the market is all that enthusiastic about it but to tell ya the truth, I don't blame them with the way it's been performing lately. I'm confident that we'll see a much higher price in the very near term. All the Best Marty P
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