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Message: Resignation of Two Board Members and Interim Receiver Appointment for Janda
| May 15, 2009 |
| RepeatSeat Announces Resignation of Two Board Members and Interim Receiver Appointment for Janda Products Asset Sale |
| CALGARY, ALBERTA--(Marketwire - May 15, 2009) - RepeatSeat Ltd. (TSX VENTURE:RPS) wishes to announces the resignation of board members Max Fantuz and Alykhan Mamdami. The company wishes to thank Mr. Fantuz and Mr. Mamdami for their contributions. The company also wants to announce that as per the terms of the April 16, 2009 forbearance agreement respecting the convertible debenture dated June 18, 2007 with Knightsbridge Capital Partners Inc. and Roynat Inc. (the Lenders), A. Farber & Partners Inc. has been appointed as interim receiver to sell the assets of Janda Products Canada Limited. About RepeatSeat: RepeatSeat is a leading interactive entertainment services company, offering private label ticketing throughout North America. RepeatSeat's innovative Ticket Relationship Management (TRMTM) solutions provide a proprietary portfolio of products to sporting and live event venues, tour and excursion companies, ski hills and movie theatres. All point of sale, Internet and mobile solutions feature full end-user data capture and management. For more information on RepeatSeat, visit www.repeatseat.com. For RepeatSeat investor relations needs, investors are asked to visit the RepeatSeat Investor Relations website at http://www.agoracom.com/ir/repeatseat where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to rps@agoracom.com where they can also request their addition to the investor e-mail list to receive all future press releases and updates in real time. |
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