Atlantis Systems Corp. Closes Financing with Century Services LP for
Tax Credit Facility of Up to CDN$2 Million
HALIFAX, NOVA SCOTIA -- (Marketwire) -- 01/23/13 -- Atlantis Systems
Corp. (NEX:AIQ.H), a globally recognized training integrator in the
military and commercial markets, and its wholly-owned subsidiary
Atlantis Systems International Inc. (collectively, the "Borrowers"),
announced today that they have closed a secured tax credit facility
("Tax Credit Facility") for up to two million Canadian dollars
(CDN$2,000,000) with Century Services LP.
The Tax Credit Facility will be payable on demand with repayment
required upon receipt by the Borrowers of certain tax claim refunds.
The Borrowers will be entitled to repay the Tax Credit Facility in
whole or in part at any time without bonus or penalty.
About Atlantis Systems Corp.
Atlantis Systems (NEX:AIQ.H) uses its core capabilities in
simulation-aided design and engineering and e-learning, combined with
various technology tools, to help customers in military and
commercial markets to ensure the feasibility, capability, and
effective utilization of their complex assets. In more than 30 years
of operation, Atlantis has developed a solid reputation for its
creative workforce and innovative solutions in supporting global OEM
customers and defence organizations. To learn more, please visit the
Company's web site at www.atlantissc.com.
Neither TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the accuracy or adequacy of this release.
Atlantis Systems Corp.
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