AldeaVision enters into a $900,000 credit facility with Almiria Capital



    
    Symbol:      AVS
    Newspaper:   AVS
    Industry:    Telecommunications
    

    MONTREAL, Aug. 22 /CNW Telbec/ - AldeaVision Solutions Inc. (TSXV: AVS)
announced today that it has entered into a $900,000 demand revolving credit
facility with Almiria Capital Corp. The credit facility will bear an annual
interest rate equal to the The Toronto-Dominion Bank prime rate plus two
percent and shall be reimbursed in full at the latest on June 16, 2008. The
loan is secured by a first ranking hypothec on AldeaVision Solutions Inc.'s
accounts receivable, inventory and intellectual property. The proceeds of the
credit facility will be used for funding AldeaVision Solutions general
operating expenses.
    Although positive news, this new credit facility will not be sufficient
to satisfy all of AldeaVision Solutions' medium term funding needs.
AldeaVision Solutions management continues to actively seek additional source
of funding to ensure the continued operation and development of the
Corporation.

    About AldeaVision Solutions
    ---------------------------

    Montreal-based AldeaVision Solutions Inc. is an innovative provider of
broadcast quality video services and solutions for the television, film and
media industries. AldeaVision provides end-to-end worldwide transmissions
services using fiber and satellite facilities. The Company also operates the
first pan-American fully automated fiber-based network for broadcast services
with points-of-service in 16 cities and 9 countries: Miami, New York,
Washington D.C, Los Angeles, Boston, Toronto, Montreal, Mexico City,
Guadalajara (Mexico), Lima (Peru), Rio de Janeiro (Brazil), Sao Paulo
(Brazil), Santiago (Chile), Buenos Aires (Argentina), Bogota, (Colombia), and
Madrid (Spain).
    AldeaVision Solutions is listed on the TSX Venture Exchange under the
symbol AVS. Additional information is available at www.aldeavision.com.




For further information:

For further information: Morrie Glick, Chief Financial Officer &
Vice-President, Finance, AldeaVision Solutions Inc., (514) 344-5432, Fax:
(514) 344-5439, morrie.j.glick@aldeavision.com

Organization Profile

ALDEAVISION INC.

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