MONTREAL, Aug. 17 /CNW Telbec/ - Aptilon Corporation ("Aptilon" or the "Corporation") (TSX-V: APZ), an innovative leader of on-line marketing services to physicians, today announced that it has obtained a $1,000,000 loan (the "Loan") from FIER CPVC-Montreal LP (the "FIER").
The Loan bears interest at an annual rate of 12% and is due on demand. The Loan is secured by a lien on Aptilon's accounts receivable, inventory and certain short-term assets. Aptilon Holdings Inc., a wholly-owned subsidiary of Aptilon, has guaranteed the loan and also granted the FIER a lien over its accounts receivable.
The Loan replaces the $500,000 loan previously granted by the FIER and announced in a press release dated January 8, 2010.
About Aptilon Corporation
Aptilon enables pharmaceutical, biotech and medical device companies to effectively reach and interact with physicians via the Internet through its innovative AxcelRx(SM) Live video detailing platform which hosts promotional, peer selling and other sales and marketing programs. Top ten US pharmaceutical companies have adopted Aptilon's AxcelRx(SM) solution to reach physicians. Aptilon provides the infrastructure necessary for pharmaceutical companies to build physician awareness, understanding, and product preference during all stages of a product's life cycle, from pre-launch education through end stage support. For more information, visit www.aptilon.com.
AxcelRx(SM) and ReachNet(SM) are service marks of Aptilon Corporation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE DMD Digital Health Connections Group Inc.
For further information: For further information: Denis Martineau, President, Aptilon Corporation, 1-888-544-8866, email@example.com