Adeptron Refinances Existing Senior Credit Facility at Lower Interest Rate

Company: Adeptron Technologies Corporation
Stock Symbol: ATQ
Listing: Toronto Stock Exchange (TSX)
Web Site: www.adeptron.com

TORONTO, June 27, 2011 /CNW/ - Adeptron Technologies Corporation  (ATQ: TSX) ("Adeptron" or the "Company"), a specialist at delivering integrated product solutions and support to the global technology and electronics industry, today announced that it has closed the re-financing of its senior secured lending facility.  The new revolving $7 million senior facility will replace the existing senior facility, has a two year term, and is collateralized by a first ranking general security agreement covering all of the Company's assets.  The new facility is an asset based lending facility similar to the Company's prior facility and includes a covenant package that is more favourable for the Company.  Under the new facility, the Company can borrow by way of Canadian dollar and US dollar base rate or LIBOR loans.  In addition, the new facility allows for the issuance of letters of credit and has a foreign exchange trading component.

Trent Carruthers, the Chief Executive Officer of Adeptron commented: "We are pleased to have developed this relationship with our new senior lender, Royal Bank of Canada - Knowledge Based Industries Group, and close on this credit facility which will provide Adeptron with additional working capital to support our growth initiatives."

About Adeptron:

Adeptron is a specialist at delivering integrated product solutions and support to the global technology and electronics industry. As a leading global provider of complete Electronics Manufacturing Services (EMS), Adeptron offers world class manufacturing facilities and global partners throughout Canada, the United States, Israel, China an Mexico, allowing the Company to provide its customers the flexibility and scalability to competitively achieve total solutions to their present and future electronics outsourcing needs. Adeptron is a public company whose common shares are listed for trading on the Toronto Stock Exchange (TSX) under the symbol: "ATQ". Visit Adeptron at: www.adeptron.com.

About RBC:

Royal Bank of Canada (TSX:RY)(NYSE: RY) and its subsidiaries operate under the master brand name of RBC, and is Canada's largest bank as measured by assets and market capitalization and one of North America's leading diversified financial services companies serving more than 15 million personal, business, public sector and institutional clients throughout offices in Canada, the U.S. and 36 other countries. For more information, please visit www.rbc.com.

RBC's Knowledge Based Industries Group "KBI" services the needs of Information Technology, Life Sciences, Media & Entertainment and Cleantech companies across Canada. The KBI Group was established in 1994, comprises specialized account managers and a dedicated risk adjudication group that understands the unique characteristics of KBI companies. For more information visit www.rbcroyalbank.com/technology.

THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO SUCH MATTERS AS EXPECTED FINANCIAL PERFORMANCE, BUSINESS PROSPECTS, TECHNOLOGICAL DEVELOPMENTS, DEVELOPMENT ACTIVITIES AND LIKE MATTERS.  THESE STATEMENTS INVOLVE RISK AND UNCERTAINTIES, INCLUDING BUT NOT LIMITED TO RISK FACTORS DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS AND ANNUAL INFORMATION FORM.  ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED AS A RESULT OF THESE RISKS AND SHOULD NOT BE RELIED UPON AS A PREDICTION OF FUTURE EVENTS.  ADEPTRON TECHNOLOGIES CORPORATION UNDERTAKES NO OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

SOURCE Adeptron Technologies Corporation

For further information:

Adeptron Company Contact:   Adeptron Company Contact:
Trent Carruthers
Chief Executive Officer
Tel: 613-744-3043 x3232
tcarruthers@adeptron.com
  Jon Szczur
Chief Financial Officer
Tel: 905-470-0109 x2299
jszczur@adeptron.com

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Adeptron Technologies Corporation

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