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Aptilon Announces the Extension of the Repayment Period of the DMD Loan

  //science-technology.news-articles.net/content/2 .. ion-of-the-repayment-period-of-the-dmd-loan.html
  Published in Science and Technology on Tuesday, May 24th 2011 at 8:15 GMT by Market Wire
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MONTREAL, May 24, 2011 /CNW/ - Aptilon Corporation ("Aptilon" or the "Company") (TSX-V: APZ), a leader in online access to, engagement and interaction with physicians and healthcare professionals on behalf of pharmaceutical and life sciences companies, today announced that its indirect wholly-owned subsidiaries, DMD Marketing LP and DMD Marketing Corp., have come to an agreement to extend the repayment period of the secured promissory note in the amount of US$27,200,000 issued in September 2009 in connection with the purchase of substantially all the assets of Direct Medical Data, LLC. and BLM Incorporated related to their healthcare marketing services. The original note provided for monthly installments, and a lump sum payment of approximately US$12,417,000 on September 15, 2012.

The original note is replaced by a new secured promissory note in the amount of US$21,750,000, being the balance due under the original note as of April 14, 2011. The new note bears interest at the rate of 6.9% per annum and is repayable in increasing monthly installments (ranging from US$226,000 for the first 9 months to US$600,000 for 11 of the last 12 months) from April 15, 2011 until December 15, 2015. It is secured and guaranteed in the same manner as the original note.

About Aptilon Corporation

Aptilon enables pharmaceutical, biotech and medical device companies to effectively reach, message, connect and interact with US physicians and healthcare professionals on the Internet and over mobile devices via multiple access channels. Its innovative service offerings provide targeted impressions and interactions through: video and mobile detailing, ReachNet℠ 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 ].

ReachNet^SM is a service mark of Aptilon Corporation.

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.