BURNABY, BC, June 17 /CNW/ - ESI Entertainment Systems Inc. ("ESI" or the
"Company") (CNSX:ESY) is pleased to announce that the terms of its outstanding
US$ 2 million loan agreement were renegotiated to extend the first payment
Under the amended terms, ESI will pay US$ 60,000 in accrued interest and
the first installment date of the loan has been extended from June 11th, 2009
to October 11th, 2009.
Chief Executive Officer Tony Greening commented: "The amended terms
benefit the Company in a number of ways, including providing more time for the
Company to continue to increase its revenue and to complete the current
divesture activities that are actively being pursued".
About ESI Entertainment Systems Inc.
ESI Entertainment Systems Inc. provides transaction processing and
monitoring products and services through its two principal subsidiaries,
Citadel Commerce Corp. and ESI Integrity Inc.
For further information:
For further information: ESI Entertainment Systems Inc., Tony Greening,
Chief Executive Officer, Telephone: (604) 299-6922 ext 298, email:
firstname.lastname@example.org, Web: www.esi.ca