Intema Restructuring Plan

MONTREAL--(BUSINESS WIRE)-- Intema Solutions Inc. ("Intema" or the "Company") announces that the Superior Court of Quebec (Commercial Division) yesterday, August 29, 2018 allowed its request for the issuance of a initial order under the Companies' Creditors Arrangement Act (the Bankruptcy and Insolvency Act, Part 1 Proposal) (the "Act"). The Company intends to use the provisions of the Act to prepare and present an arrangement to its creditors. Under the terms of the order, Demers Beaulne Inc. will act as court-appointed trustee in the proceedings under the Act and will assist the corporation in developing its restructuring plan. The company has not yet developed a restructuring plan. The Company's management intends to make regular updates with respect to its restructuring plan.

As a result of current circumstances, the Corporation's board of directors has determined that, because of the current situation, it was in the best interest of its shareholders, employees and creditors to be under the protection of the Act.

About Intema Solutions Inc.

Intema’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing, database marketing and Blockchain applications. Since its inception, Intema has dedicated its efforts to deliver key solutions to the marketing industry. Amongst its clients are companies of all sizes in North America. For more information, please visit our website at www.intema.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20180830005637/en/

Intema Solutions Inc.
Roger Plourde, +1-514-861-1881
[email protected]

Source: Intema Solutions Inc.

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