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RPS Repeatseat Ltd. (Tier2)

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Share Name Share Symbol Market Type
Repeatseat Ltd. (Tier2) TSXV:RPS 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 -

RepeatSeat Announces Close of Sale of Janda Products Canada Assets and Renewed Focus on Ticket Technology Platforms

17/08/2009 4:47pm

Marketwired Canada


RepeatSeat Ltd. ("RepeatSeat") (TSX VENTURE:RPS), a North American leader in
providing entertainment solutions wishes to announces the close of the sale of
the Janda Products Canada Assets. On April 16, 2009 the company entered a
forbearance agreement respecting the convertible debenture dated June 18, 2007
with Knightsbridge Capital Partners Inc. and Roynat Inc. (the lenders) whereby
A. Farber & Partners Inc. was appointed as interim receiver to sell the assets
of Janda Products Canada Limited, the coin op gaming subsidiary of RepeatSeat.
The Ontario Superior Court granted the vesting order for the assets of the Janda
Products Canada subsidiary on the 5th of June 2009 and an assignment in
bankruptcy for Janda Products was made on the 9th of June 2009.


RepeatSeat President and COO Bob Christianson stated that, "RepeatSeat is now
focused exclusively on the delivery of technology platforms that provide private
label ticketing solutions to the cinema, live event and ski hill industries. The
company is now working to build on the success of its on-line movie ticketing
system through expansion into the United States and international markets and
expanding the reach of its wholly owned subsidiary Comptrol Systems Inc.
throughout the North American Ski industry. The recent economic realities have
created opportunities for Comptrol because it offers a value-based system that
provides exemplary ticketing systems at a reasonable price point. We look
forward to providing the value based products these customers are looking for."


About RepeatSeat:

RepeatSeat Ltd. is a leading interactive entertainment services company,
offering private label ticketing and arcade gaming throughout North America.
RepeatSeat's innovative Ticket Relationship Management (TRM(TM)) solutions
provide a proprietary portfolio of products to sporting and live event venues,
tour and excursion companies, ski hills and the vast majority of Canada's movie
theatres. All solutions feature full end-user data capture and management. For
more information on RepeatSeat, visit www.repeatseat.com.


1 Year Repeatseat Ltd. (Tier2) Chart

1 Year Repeatseat Ltd. (Tier2) Chart

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