Aptilon Announces Update on Delay in Filing Year-End Financial Statements

MONTREAL, June 1, 2012 /CNW/ - Aptilon Corporation ("Aptilon or the "Company") (TSX-V: APZ), a leader in online access, engagement and interaction with physicians and healthcare professionals on behalf of pharmaceutical and life sciences companies, today announced that it continues to work towards finalizing the Company's audited annual financial statements for the year ended December 31, 2011, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Financial Filings"). On May 25, 2012, the notice of change of auditor was filed, as announced. The new auditors were provided access to the files from the former auditors to perform required transition work. Aptilon is working towards the target date of June 15, 2012 to file its Annual Financial Filings. On May 30, 2012, the Company announced that the Interim Filings for the period ended March 31, 2012 would not be made by the required filing deadline of May 30, 2012. The Company expects that the Interim Filings will be made simultaneously with the annual filings or shortly thereafter.

About Aptilon Corporation

Aptilon enables pharmaceutical, biotech and medical device companies to effectively reach, message, connect and interact with US physicians and healthcare professionals via multiple access channels. Its innovative service offerings provide targeted impressions and interactions through: video and mobile detailing, ReachNetSM Physician Access Channel, the DMD database and permission-based email services. Top US pharmaceutical companies and respected healthcare organizations have adopted Aptilon's solutions to market to, engage and interact with leading healthcare practitioners. For more information, visit www.aptilon.com.

ReachNetSM is a service mark of Aptilon Corporation, other trademarks are the property of their respective owners.

Forward-looking statements

This news release may contain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management of Aptilon. A number of factors could cause actual events, performance or results to differ materially from the events performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and Aptilon does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Aptilon Corporation

For further information:

Mr. Denis Martineau
President
Aptilon Corporation
1-888-544-8866
investors@aptilon.com

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Aptilon Corporation

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