FTC Cards Inc. Announces Completion of Arrangement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/11/12 -- FTC Cards Inc. ("FTC Cards") is pleased to report that the previously announced arrangement involving FTC Cards, CTF Technologies Inc. ("CTF"), FleetCor Luxembourg Holding2 S.A.R.L. and FleetCor Technologies, Inc. (NYSE: FLT) (the "Arrangement") was completed effective July 3, 2012. As a result of the completion of the Arrangement, FTC Cards became a reporting issuer in British Columbia and Alberta, with its principal regulator being the British Columbia Securities Commission.
For further information with respect to the Arrangement, please refer to CTF's management information circular dated May 28, 2012 and posted on SEDAR () under CTF's Issuer Profile. Appendix E to the circular contains information relating to FTC Cards and its business operations.
About FTC Cards Inc.
As a result of the completion of the Arrangement, FTC Cards owns approximately 70% of the equity of FTC Cards Processamento e Servicos de Fidelizacao Ltda. ("FTC Cards Brazil") and intends to continue operating the business of FTC Cards Brazil. FTC Cards Brazil is in the business of providing data processing to support a program of promotions, awards and loyalty and credit card processing targeted at the franchise gas stations of Petrobras Distribuidora S.A.
Forward-Looking Information
Certain information in this press release, including statements relating to the business of FTC Cards and FTC Cards Brazil, is "forward-looking information" within the meaning of applicable Canadian securities legislation and is prospective in nature. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events, and is therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking information.
Forward-looking information is also necessarily based upon a number of assumptions, including those related to the timing of the receipt of regulatory approval and the completion of corporate and commercial matters necessary to complete the transaction.
FTC Cards cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results expressed or implied by such forward-looking information, including risks related to shareholder and regulator approval.
FTC Cards disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, further events or otherwise, except as required by applicable law.
Contacts:
FTC Cards Inc.
Ross Wilmot
Director
1-888-367-9062
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Datum: 11.07.2012 - 17:31 Uhr
Sprache: Deutsch
News-ID 164458
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Retail Banking
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