BURNABY, BC, Jan. 20 /CNW/ - ESI Entertainment Systems Inc. ("ESI" or the
"Company") (TSX:ESY) is pleased to announce that the terms of its outstanding
USD 2 million loan agreement were renegotiated to extend the first payment
Under the amended terms, effective January 19, 2009, ESI has paid USD
60,000 in accrued interest and the first installment date of the loan has been
extended from December 11th, 2008 to June 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. (TSX: ESY) is a payment technology and
service provider to online and offline companies requiring localized low cost
bill collection and payment services.
For further information:
For further information: ESI Entertainment Systems Inc., Tony Greening,
Chief Executive Officer, Telephone: (604) 299-6922 ext 298, email:
email@example.com, Web: www.esi.ca