Futura Announces CCAA Filing

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The Futura Loyalty Group Inc. (TSX VENTURE:FUT) ("Futura") announces that after
consideration of all viable alternatives, Futura's Board of Directors has
determined that it is in the best interests of Futura and its stakeholders for
Futura to commence proceedings under the Companies' Creditors Arrangement Act
(Canada) (the "CCAA").


Futura's liquidity position has deteriorated as a result of various factors,
including, but not limited to, negative cash flow from operations, high debt
levels, an inability to secure additional sources of financing and increasing
pressure to make payments to its creditors. 


Accordingly, Futura, today, applied for and obtained an order (the "Initial
Order") from the Ontario Superior Court of Justice (Commercial List) (the
"Court") under the CCAA. The Court has granted CCAA protection for an initial
period of 30 days, expiring on November 15, 2012. While under CCAA protection,
creditors and others are stayed from enforcing any rights against Futura, giving
Futura the opportunity to pursue restructuring alternatives. 


Futura will require additional funding in order to implement a restructuring. As
a result, the Initial Order also authorizes Futura to borrow funds from four
individuals, three of who are directors of Futura (collectively, the "Lenders"),
to provide debtor in possession financing in an initial amount of $175,000 but
which can increase, subject to further Court approval, up to $300,000 ("DIP
Financing"). Pursuant to the Initial Order, the Lenders were granted a charge
over all property, assets and undertaking of Futura in priority to all existing
creditors. The DIP Financing is expected to assist Futura in financing its
working capital requirements, other general corporate requirements and capital
expenditures during the initial 30 day period subsequent to the issuance of the
Initial Order.


Pursuant to the Initial Order, Harris & Partners Inc., has been appointed as
monitor that will oversee the proceedings under the CCAA (the "Monitor"). All
inquiries regarding the CCAA proceedings should be directed to the Monitor
(905-479-5712). Information about Futura's CCAA proceeding, including copies of
all Court Orders made, will be available on the Monitor's website at
www.harrisreceivers.com/document_library.html. 


"Under the CCAA process, the Company will continue to operate and transact
issuance for existing and new customers, expand its business and execute on
opportunities for growth and monetization," said David Campbell, CEO. The
Company will be considering strategic investment and combination opportunities.


About The Futura Loyalty Group Inc.

The Futura Loyalty Group Inc. is an industry-leading provider of integrated and
stand-alone loyalty solutions for Canadian and American businesses. Futura
offers a comprehensive suite of loyalty products and services including access
to Aeroplan in Canada and four top frequent flyer programs in the United States.
Futura also develops custom programs for companies wishing to develop
proprietary loyalty solutions. Futura's loyalty services include member account
set up, management and reward redemption platform, a web-based program
transaction reporting interface for merchants, a robust offer management system,
retail POS Integration for card swipe issuance, loyalty analytics and a
proprietary web based reward issuance solution. For more information regarding
Futura, visit www.tflg.ca or www.futuraloyaltygroup.com.


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 Futura'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 Futura or its management. The forward looking information is not
historical fact, but reflects Futura'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 actual results of Futura 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
Futura. Factors that could cause actual results or events to differ materially
from current expectations include, among other things, changes in general
economic and market conditions; the uncertainty involved in court proceedings;
changes to regulations affecting Futura's activities; the level of merchant
participation in Futura's programs; uncertainties relating to the availability
and costs of financing needed in the future; the ongoing operation of Futura's
business and other factors, including without limitation, those listed under
"Economic Dependence" and "Risks and Uncertainties" in Futura's MD&A for the
three and twelve month periods ended December 31, 2011.