Amadeus announces resumption of its stock trading and coming into force of the consolidation of all its issued and outstanding common shares
Quebec City, March 14th, 2007 — On December 15, 2006, Amadeus International (TSX‑V: AII) (“Amadeus” or “the Company”) had requested a cease trade order (CTO) as to negotiate and implement its financial restructuring plan. Amadeus today announces the resumption of its stock trading, and the coming into force of the consolidation of all its issued and outstanding common shares, announced last February 26.
Amadeus thereby proceeds to a consolidation of all its issued and outstanding common shares (“Shares”), on a consolidated basis of twenty (20) old shares for one (1) new share. The consolidation affects all common shares, convertible notes (“Convertible notes”), warrants and options to purchase common shares that are currently outstanding. No fractional shares will be issued, and any fractions resulting from the consolidation of common shares will be rounded down to the nearest whole number of common shares. The number of common shares outstanding, post-consolidation, is expected to be 1,752,792 on a non‑diluted basis. Amadeus’ common shares are now listed on the TSX Venture Exchange under the new symbol “AII”.
About Amadeus International
Amadeus International is a pioneer and leader in compliance process control solutions. Its flagship product, eQCM®, is a flexible, Web-based integrated suite of applications that allow organizations to help manage and control compliance and quality by automating processes such as document management, CAPA, nonconformances, customer satisfaction, audits, and other related quality and business processes. The application suite is coupled with powerful business intelligence capabilities, enterprise content management, and related technologies that help organizations achieve sustained compliance. Amadeus International’s global headquarters are located in Quebec City, Canada. Amadeus’ solutions are distributed across four continents.
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For further information:
Frédéric Garand, Chief Financial Officer
Tel: (418) 525-0606, ext. 2268
E-mail: frederic.garand@amadeussolutions.com
Isabelle Rivoal, Marketing and Communications Director
Phone: +1 (418) 525-0606, ext. 2231
E-mail: isabelle.rivoal@amadeussolutions.com
