QUEBEC CITY, March 14 /CNW Telbec/ - On December 15, 2006, Amadeus
International (TSX-V: AII) ("Amadeus" or "the Company") had requested a cease
trade order (CTO) as to negotiate and implement its financial restructuring
plan. Amadeus today announces the resumption of its stock trading, and the
coming into force of the consolidation of all its issued and outstanding
common shares, announced last February 26.
Amadeus thereby proceeds to a consolidation of all its issued and
outstanding common shares ("Shares"), on a consolidated basis of twenty (20)
old shares for one (1) new share. The consolidation affects all common shares,
convertible notes ("Convertible notes"), warrants and options to purchase
common shares that are currently outstanding. No fractional shares will be
issued, and any fractions resulting from the consolidation of common shares
will be rounded down to the nearest whole number of common shares. The number
of common shares outstanding, post-consolidation, is expected to be 1,752,792
on a non-diluted basis. Amadeus' common shares are now listed on the TSX
Venture Exchange under the new symbol "AII".
About Amadeus International Inc.
Amadeus International is a pioneer and leader in compliance process
control solutions. Its flagship product, eQCM(R), is a flexible, Web-based
integrated suite of applications that allow organizations to help manage and
control compliance and quality by automating processes such as document
management, CAPA, nonconformances, customer satisfaction, audits, and other
related quality and business processes. The application suite is coupled with
powerful business intelligence capabilities, enterprise content management,
and related technologies that help organizations achieve sustained compliance.
Amadeus International's global headquarters are located in Quebec City,
Canada. Amadeus' solutions are distributed across four continents.
- The TSX Venture Exchange Inc. does not accept responsibility for the
adequacy or accuracy of this release.
- Any statement that appears prospective shall not be interpreted as
For further information:
For further information: Frédéric Garand, Chief Financial Officer, (418)
525-0606, ext. 2268, firstname.lastname@example.org; Manon Rouillier,
Marketing and Communications Director, (418) 525-0606, ext. 2231,