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Thu, March 29, 2012

Futura Loyalty Group Appoints New President and CEO


Published on 2012-03-29 05:07:03 - Market Wire
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March 29, 2012 08:00 ET

Futura Loyalty Group Appoints New President and CEO

TORONTO, ONTARIO--(Marketwire - March 29, 2012) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced that they have appointed David W. Campbell as President and CEO. David has been a member of the Company's board of directors since January 2008 and took over as Chief Financial Officer in October 2010. He has been involved in building a number of companies and the board is excited to have David driving the next stage of growth for the Company, as it expands its customer base both in Canada and the US.

Mark Farrell is stepping down as President and CEO effective today. As one of Futura's founders, Mark has guided the Company for the last ten years and has been instrumental in building Futura from a concept to its current position as a comprehensive loyalty and customer relationship management company with a robust and scalable loyalty CRM technology platform and a growing revenue stream in Canada and the U.S. Originally from Ottawa, Mark and his family have decided to move back to Ottawa to pursue other opportunities. Mark will continue to be involved with the Company as a member of its board of directors and as a consultant utilizing his expertise in loyalty marketing and loyalty system solutions.

"The decision to leave Toronto at such an exciting time in the Company's history was an extremely difficult one to make", said Mark Farrell. "I believe the Company is well positioned to continue its growth in Canada and to market its products, services and loyalty solutions into the United States. I am confident that David and the current team can take Futura to the next level of success. At the same time, I am happy to continue to be a part of Futura's growth and prosperity and will continue to assist in any way I can".

"Through his vision, Mark has been able to steer the business onto its current focused path and it has been a real pleasure working with him on a day to day basis" said David Campbell. "The Company continues to grow its retail loyalty book of customers in various sectors and looks forward to achieving profitability through a focus on its core loyalty services and ancillary marketing services".

Victor Sila, the Company's current controller, will take over as interim CFO.

About The Futura Loyalty Group

The Futura Loyalty Group is an industry-leading provider of integrated and stand-alone loyalty solutions for Canadian and American businesses. The company offers a suite of loyalty products and services including access to two existing branded loyalty currencies in Canada and three in the United States. Futura also develops custom programs for companies wishing to develop proprietary loyalty solutions. Futura's loyalty services include member account set up, management and reward redemption platform, a web-based program transaction reporting interface for merchants, a robust offer management system, retail POS Integration for card swipe issuance and a proprietary web based reward issuance solution. For more information regarding The Futura Loyalty Group, visit [ www.futuraloyaltygroup.com ] or [ www.tflg.ca ].

Forward-Looking Information

This news release includes certain forward-looking information that is based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking information, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "will", "may", "should", "could", and similar expressions to the extent they relate to the Company or its management. The forward looking information is not historical facts, but reflects the Company's current expectations regarding future results or events. Forward-looking information is subject to a number of risks, uncertainties and assumptions that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in general economic and market conditions; changes to regulations affecting the Company's activities; level of merchant participation in the Company's programs; uncertainties relating to the availability and costs of financing needed in the future; and other factors, including without limitation, those listed under "Economic Dependence" and "Risks and Uncertainties" in MD&A for the three and nine month periods ended September 30, 2011.

Neither the 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.



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