Seguridad Mania.com - España y América Latina

CALGARY, ALBERTA -- (Marketwired) -- 11/03/14 -- CriticalControl Solutions Corp. (TSX: CCZ) today announced that it has entered into a banking relationship with a Schedule I Canadian Charted Bank (the "Bank"). The agreement with the Bank provides CriticalControl with a $10 Million operating facility, an increase from the Corporation's previous $7 Million facility. Less than $1.5 Million of the previous facility was drawn when it was retired with the new facility.

The Bank has funded the Corporation with a US$2.3 Million term debt facility to retire the Corporation's existing US$0.8 Million term debt with its previous bank and the US$1.5 Million vendor debt which came due on November 1, 2014.

The Bank has also made available an additional revolving $2 Million demand facility to the Corporation to fund up to 75% of capital expenditures, the repayment of which would be amortized over a three year period for each draw.

"In an uncertain economic environment, we have successfully put in place more access to capital with increased flexibility at a price significantly less than what we were paying," said Alykhan Mamdani, President and CEO of CriticalControl. "These new facilities strengthen our balance sheet and provide CriticalControl with greater flexibility in executing our strategic objectives."

Forward Looking Statements

The banking facilities described herein, other than the US$2.3 Million term loan are payable on demand and subject to adherence to certain customary covenants. All facilities carry a variable interest rate, the change of which is subject to the market, the Bank's prime rate and LIBOR. There is no guarantee that the new facilities will be renewed annually.

About CriticalControl

In a world of escalating globalization, with an increasingly transient workforce, enterprises have difficulty maintaining their knowledge and are forced to focus on their key market advantages to remain competitive. CriticalControl provides these enterprises with secure and cost-effective solutions for the completion of document and information intensive business processes through an integrated offering of software, outsourced services and optimized business processes.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.