CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

Futura Signs Inaugural Merchants in the U.S.

[box532]

The Futura Loyalty Group Inc.

TSX VENTURE : FUT

April 12, 2012 08:00 ET

Futura Signs Inaugural Merchants in the U.S.

TORONTO, CANADA--(Marketwire - April 12, 2012) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) announced today that it has signed its first five merchants in the U.S. to market the company's branded rewards currency offerings. Futura is launching three automotive dealers and two retail merchants spanning Florida, New York, Texas, and Washington.

"We are excited to enter the large American market in four different geographic regions," said David Campbell President and CEO of The Futura Loyalty Group. "This represents a real validation that merchants in different sectors and market areas in the United States see the value in our customer driven loyalty marketing services and solutions. The US market opportunity is enormous for our branded solutions and comprehensive loyalty system which retailers can also brand for their customers."

"Auto dealers and retail merchants have the same goals in mind - attract new and more loyal customers that shop more frequently," said Graham Farrell, Chief Marketing Officer, of The Futura Loyalty Group. "Our ability to demonstrate a return on marketing investment using our loyalty marketing services in different sectors can assist U.S. merchants to acquire new customers, achieve higher average sales per transaction and increase repeat purchases."

[Kings_kid]

Great to see an NR on this!  I like the fact that they are already making inroads into 4 states, those states should expand fairly quickly!

[BayWall]

The car dealerships in Florida and New York, we already know about. The other retailers...there's a Nutrilawn in Washington State. Unclear which retailer is in Texas. Futura had information sessions in Texas for territory rights owners (TRO) last year. I wonder if this retailer came via a TRO.   Are they are talking about yet unlaunched, but signed 

[BayWall]

Just one seller this morning. Canaccord for about 700,000 shares. Not happy with the US news? Please explain why?

[bigops]

Bay -- i would not interpret it that way...the seller has likely forgotten why they are in FUT and simply want out at any price -- they may see the news as a liquidity event and are willing to sell -- clearly at a loss.   The news is excellent.

[oscar2010]

This is the time to hold your shares and keep adding to it....buy more!!!!!!!

[BayWall]

I agree. Maybe needs money to pay taxes to pay by the end of April. 434,000 more on Alpha, same seller. With the current 233K ask, there are 1.5 million total up for grabs. And buyers are grabbing. Seller just can't wait for the 4Q results two weeks away. At least then, there's a chance to transact at a higher stock price.