Advantex Announces Amendment to Debentures

TORONTO, March 18, 2024 /CNW/ - Advantex Marketing International Inc. (CSE: ADX) ("Advantex"), a leader in the merchant cash advance and loyalty marketing products for merchants, announced it has obtained requisite approval from holders of its 9% Senior Secured Non Convertible Debentures ("Debentures"), in the principal aggregate amount of $7,759,000 and maturing December 31, 2025, to defer the interest due in March 2024 where the deferred interest shall be paid in four equal instalments along with the regularly scheduled semi-annual interest payments due over the remaining term of the Debentures, and to re-set Debentures financial covenants for quarter ending March 31, 2024.

About Advantex:

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex's profile on www.sedar.com

SOURCE Advantex Marketing International Inc.

Mukesh Sabharwal, Vice-President and Chief Financial Officer, Tel: [phone], Email: [email protected]