Monexa Technologies Corp. - News Release
07 Dezember 2011 - 6:54AM
PR Newswire (Canada)
VANCOUVER, Dec. 8, 2011 /CNW/ - Monexa Technologies Corp. ("Monexa"
or the "Company") announces the appointment of John Swift as
Director of Monexa Technologies Corp and an update on the status of
its financing activity. New Director: Monexa is pleased to announce
that John Swift has joined the Board of Directors of
Monexa. John Swift is a lawyer in Vancouver, British
Columbia, with an independent practice centered on organizing,
financing and advising knowledge-based businesses and on the
transfer of technology from public institutions and universities.
From 1984 to 1986 Mr. Swift was Principal Secretary and Chief of
Staff to the Prime Minister and to the Leader of the Opposition,
Government of Canada, and from 1973 to 1975, Executive Assistant to
the Minister of Finance, Government of Canada. A native of
Montreal, John studied at Bishop's University, the Univeristé de
Dijon and in the Faculty of Law at the University of British
Columbia. Currently Chairman of the Central City Foundation and a
Trustee of the Vancouver Public Library, Mr. Swift is a director of
Connotative Intelligence Corporation and has served on numerous
Boards of Directors including Inex Pharmaceuticals, Ultrasonix
Medical Corporation, NeuroMed Technologies, Webnames Inc., Spark
Integration, the National Arts Centre in Ottawa and Arts Umbrella.
Financing Update: Ansera Capital II Limited Partnership and Ansera
Capital II L.P. have entered into a Forbearance Agreement with
Monexa to allow the Loan that was to be repayable on November 30,
2011 to remain outstanding to December 22, 2011 or later if a
further extension is granted by the Ansera Capital II Limited
Partnership and Ansera Capital II L.P. About Monexa Technologies
Corp. Monexa pioneered the on-demand subscription billing space and
has worked with hundreds of businesses to help monetize their
services. A deep skill-base and leadership in subscription billing
sets Monexa apart from other service providers and attracts
established customers throughout North America. Monexa's customers
range in size from high-growth SaaS and Cloud Infrastructure
companies to large household-name companies like AOL Canada,
Sprint, Amway and Bell Mobility. Monexa provides companies the
freedom to market their services through creative pricing plans by
removing barriers imposed by traditional billing and payments
processes. Monexa stands for rapid, dependable monetization of all
subscription services. For more information visit www.monexa.com.
Forward-Looking Statements This news release contains
forward-looking statements. Actual events or results may differ
materially from those described in the forward-looking statements
due to a number of risks and uncertainties, including changes in
financial and product market conditions. Forward-looking statements
are based on management's estimates, beliefs, and opinions. The
Company assumes no obligation to update forward-looking statements,
other than as may be required by applicable law. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Monexa
Technologies Corp. CONTACT: Garth Albright, CFOD 604-630-5657 / E
ir@monexa.com
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