Aptilon Announces $1,000,000 Loan from FIER CPVC-Montreal
18 August 2010 - 12:25AM
PR Newswire (Canada)
MONTREAL, Aug. 17 /CNW/ -- MONTREAL, Aug. 17 /CNW Telbec/ - Aptilon
Corporation ("Aptilon" or the "Corporation") (TSX-V: APZ), an
innovative leader of on-line marketing services to physicians,
today announced that it has obtained a $1,000,000 loan (the "Loan")
from FIER CPVC-Montreal LP (the "FIER"). The Loan bears interest at
an annual rate of 12% and is due on demand. The Loan is secured by
a lien on Aptilon's accounts receivable, inventory and certain
short-term assets. Aptilon Holdings Inc., a wholly-owned subsidiary
of Aptilon, has guaranteed the loan and also granted the FIER a
lien over its accounts receivable. The Loan replaces the $500,000
loan previously granted by the FIER and announced in a press
release dated January 8, 2010. About Aptilon Corporation
------------------------- Aptilon enables pharmaceutical, biotech
and medical device companies to effectively reach and interact with
physicians via the Internet through its innovative AxcelRx(SM) Live
video detailing platform which hosts promotional, peer selling and
other sales and marketing programs. Top ten US pharmaceutical
companies have adopted Aptilon's AxcelRx(SM) solution to reach
physicians. Aptilon provides the infrastructure necessary for
pharmaceutical companies to build physician awareness,
understanding, and product preference during all stages of a
product's life cycle, from pre-launch education through end stage
support. For more information, visit www.aptilon.com. AxcelRx(SM)
and ReachNet(SM) are service marks of Aptilon Corporation. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
such term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. Denis Martineau, President, Aptilon Corporation,
1-888-544-8866, investors@aptilon.com
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