iMarketing Solutions Group Inc. Commences Formal Restructuring Proceeding and Files for Protection Under the Companies'

iMarketing Solutions Group Inc. Commences Formal Restructuring Proceeding and 
Files for Protection Under the Companies' Creditors Arrangement Act 
TORONTO, April 12, 2013 /CNW/ - iMarketing Solutions Group Inc. (CNSX: IMR) 
(the "Company"), a North American integrated marketing services provider of 
direct marketing solutions for not-for-profit organizations, political 
organizations and professional associations, announced today that it has 
commenced restructuring proceedings by filing for and being granted 
protection under the Companies' Creditors Arrangement Act ("CCAA"). The 
Company's Canadian and U.S. subsidiaries have also been granted protection 
under the Initial Order. The Company has applied to have the Initial Order 
and the CCAA proceedings recognized in the United States pursuant to Chapter 
15 of Title 11 to the United States Code (the "Recognition Order"). The effect 
of the Recognition Order, if granted, will be that the Initial Order will be 
recognized and enforced in the U.S. and the assets of the Company and its 
subsidiaries will be subject to the protection granted under the Initial Order 
and the CCAA proceedings in Canada. 
Pursuant to the Initial Order, Duff & Phelps Canada Restructuring Inc. was 
appointed as the Company's CCAA monitor (the "Monitor"). The Monitor's role 
is to work with the Company to assist it to complete its restructuring process 
and to oversee certain restructuring activities. 
During the restructuring period, the Company intends to continue to operate in 
the normal course. In order to do so, the Company has arranged a 
Court-approved loan facility to fund the business. 
The principal purpose of these restructuring proceedings is to create a 
stabilized environment in order to carry out a process to solicit investors, 
strategic partners, plan sponsors or purchasers for the Company's business and 
assets to preserve its going-concern value. 
During the CCAA proceedings, Upkar Arora will be retained as the Company's 
Chief Restructuring Officer. Mr. Arora is a seasoned professional who has 
experience working with companies in these situations. 
The Company's normal day-to-day operations and each of its core businesses are 
expected to continue without interruption. 
The Company is confident that the protection resulting from the CCAA filing 
will provide the Company with the stability it requires in order to advance 
and efficiently execute a restructuring plan that is in the best interests of 
its customers, creditors, employees and other stakeholders. 
Forward-Looking Information 
This news release includes certain forward-looking information that is based 
upon current expectations, which involve, among other things, risks and 
uncertainties associated with the Company's business and the restructuring 
process. Forward-looking information in this news release includes, among 
others, statements with respect to the timing and continuance of CCAA 
protection, the restructuring process and potential opportunities for the 
restructured business. Any statements contained herein that are not statements 
of historical facts may be deemed to be forward-looking information, including 
those identified by the expressions "anticipate", "believe", "plan", 
"estimate", "expect", "intend", "will", "may", "should", "could", and similar 
expressions to the extent they relate to the Company or its management. The 
forward looking information is not historical fact, but reflects the Company's 
current expectations regarding future results or events. Forward-looking 
information is subject to a number of risks, uncertainties and assumptions 
that may cause the Company's actual results to differ materially from those 
discussed in the forward-looking information, and even if such actual results 
are realized or substantially realized, there can be no assurance that they 
will have the expected consequences to, or effects on the Company. Factors 
that could cause actual results or events to differ materially from current 
expectations include, among other things, the Company's revenue streams being 
consistent with historical patterns, adjusted to reflect the Company's recent 
cost-cutting initiatives and changes to its strategic direction; customers 
continue to pay the Company pursuant to contract terms for ongoing project 
work performed by the Company, credit and market risks, the uncertainty 
involved in court proceedings; changes to licensing and regulations affecting 
the Company's activities; uncertainties relating to the availability and costs 
of financing needed in the future; the ongoing operation of the Company's 
business and other factors, including without limitation, those listed in the 
Company's MD&A for the three months and nine months ended September 30, 2012 
under the heading "Risks and Uncertainties". 
Upkar Arora Chief Restructuring Officer 
SOURCE: iMarketing Solutions Group Inc. 
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CO: iMarketing Solutions Group Inc.
ST: Ontario
-0- Apr/12/2013 22:36 GMT
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