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FUT The Futura Loyalty Group Inc.

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Share Name Share Symbol Market Type
The Futura Loyalty Group Inc. TSXV:FUT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Futura Extends Stay Period Under CCAA to January 31, 2013

21/01/2013 9:27pm

Marketwired Canada


NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION TO U.S.
NEWS WIRE SERVICES


Further to its update of January 4, 2013, The Futura Loyalty Group Inc. (TSX
VENTURE:FUT) ("Futura") announces that it is continuing to negotiate with two
parties with the intent of completing one or more transactions and has applied
and received approval from the court to extend its stay period under the CCAA to
January 31, 2013. Previously the court had granted the Company a stay period to
and including January 18, 2013. If it appears that it will not be feasible to
complete the transaction or transactions contemplated by January 31, 2013, then
Futura will likely seek a further extension of its CCAA protection. 


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.


Futura currently has five directors, being Ted Dzialowski, David Beutel, David
Campbell, Mark Farrell and Terry Rumsey. Equity Financial Trust Company is the
registrar and transfer agent for the common shares of Futura.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
The Futura Loyalty Group Inc.
David Campbell
President & CEO
416-775-3161
dcampbell@tflg.ca
www.tflg.ca

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