CALGARY, ALBERTA--(Marketwire - Dec. 23, 2011) - CriticalControl Solutions Corp., (TSX:CCZ) is pleased to advise that it has closed a consolidated bank financing arrangement with a Canadian Schedule "A" Bank (the "Bank") to extend the Company's operating line of credit for its Canadian operations by adding a $3 million operating line of credit for its US operations. As part of the arrangement, principal totaling US$2.625 million related to the Company's secured promissory note, which is due in 2012, will be repaid and replaced with term debt repayable to the Bank over 22 months. The payment triggers a release of security, which allows the Company to margin its US inventory and receivables and obtain the additional $3 million operating line of credit from the Bank for its US operations.

"The new arrangement with our existing Canadian banker provides us with a consolidated banking facility that will provide additional flexibility to manage and grow our operations in Canada and the US," said Alykhan Mamdani, President and CEO of CriticalControl.

About CriticalControl:

CriticalControl delivers outsourced solutions for information intensive and document intensive transactional processes. Through the implementation of technology, workflow and economies of scale we are able to provide highly secure control over sensitive information and processes in a cost effective manner. For more information please visit [ www.criticalcontrol.com ].

Forward Looking Statements:

This press release refers to the availability of an operating line from the Company's bank. This facility is a demand facility that will be subject to customary financial covenants. The ability of the Company to access this facility may be dependent upon continued financial performance that meets the expectations of the bank and will be subject to termination at the discretion of the bank.

Contributing Sources

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