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ODESIA Group Inc. Announces Amendments to Its Convertible Debentures Issued in July 2008(November 01, 2011)
MONTREAL, QUEBEC -- (Marketwire) -- 11/01/11 -- ODESIA Group Inc. ("ODESIA" or "the Company") (TSX VENTURE:ODS), an international corporation specializing in business-intelligence solutions ("BI"), decision-process management and analytics, is pleased to announce that its convertible debentures' holders have agreed to amend the repayment schedule of the $660,000 balance for the convertible debentures issued on July 21, 2008.
Under these amendments the repayment of principal and accrued interest on the convertible debentures will now be made on a monthly basis rather than semi-annually, as originally planned. No changes were made to the convertible debentures' conversion procedures.
These changes will accelerate the repayment of the convertible debentures and reduce the interest expense incurred by ODESIA.
About ODESIA Group Inc.
ODESIA is an international corporation specialized in business-intelligence (BI) solutions, decision-process management and business analytics for large corporations. The Company provides customers with a complete solution, regardless of technical challenges involved. For more information visit us at www.odesia.com
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect ODESIA's current expectations regarding future events and may involve risks or uncertainties. Actual results could differ materially from those projected herein.
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.
ODESIA Group Inc.
Mr. Nicolas Bonnafous, President and CEO
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