Futura Provides Business Update

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The Futura Loyalty Group Inc. (TSX VENTURE:FUT) ("Futura" or the "Company")
previously announced that it was seeking opportunities through a bidding process
under the Companies Creditors Arrangement Act (the "CCAA") for: (a) an
investment in the Company that would allow it to execute a business plan to
achieve profitability; (b) a company with which to merge; and/or (c) entities
that would be interested in acquiring some or all of its assets. 


The Company's intent was to complete one or more transactions with winning
bidders by December 31, 2012. Futura did receive numerous bids pursuant to the
CCAA process, and is continuing to negotiate with two parties with the intent of
completing one or more transactions by January 18, 2013, being the date which
the Company currently has court approval to operate under CCAA protection. If it
appears that it will not be feasible to complete the transaction or transactions
contemplated by January 18, 2013, then Futura will likely seek an extension of
its CCAA protection. 


While the Company is going through this process, the Company continues to
operate and transact issuance for existing and new customers. However, any
rewards that were earned in the Futura Rewards Program prior to October 16,
2012, being the date that Futura was granted CCAA protection, are considered
amounts owing to unsecured creditors and will not be paid out. Proceeds on
disposition of Futura's business and assets are unlikely to be sufficient to pay
these amounts owing to Futura's unsecured creditors, which include Futura
Rewards Members. That being said, Futura Rewards earned from October 16, 2012
onward will continue to accrue and be paid out in conjunction with the Futura
Rewards Program guidelines and it is possible that the party acquiring the
Futura Rewards Program line of business would choose to reinstate some of the
lost rewards, but this would be at the acquirer's discretion and entirely
voluntary. 


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. 


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. 


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 other things,
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 fact 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. 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
[e-mail]
www.tflg.ca