Montreal, QC – March 16, 2012 – iPerceptions Inc. (iPerceptions or theCorporation) (TSX-V: IPE) is pleased to announce that the proposed amalgamation (the Amalgamation) of iPerceptions with 8060975 Canada inc., a wholly-owned indirect subsidiary of XPND Fund L.P., was completed today.
The completion follows the approval of the Amalgamation by the shareholders of iPerceptions present at the special meeting of the Corporation held on March 14, 2012.
The common shares of iPerceptions will be delisted from the TSX-V and iPerceptions will obtain private corporation status. Pending delisting of the shares of iPerceptions from the TSX-V, trading of the shares of iPerceptions will remain halted.
In connection with the Amalgamation, all shareholders (other than the rollover shareholders) will receive $0.08 in cash for each share of iPerceptions held immediately prior to the Amalgamation.
The amalgamated corporation will continue under the name “iPerceptions” with its current executive team and head office remaining in Montreal. The Corporation will also continue to pursue its current online Voice of Customer analytics activities for its numerous clients.
iPerceptions is the leader in online Voice of Customer (VoC) analytics, using sophisticated intercept survey techniques to gather feedback from representative samples of actual website visitors. Its 4Q Suite and webValidator Continuous Listening solutions turn millions of data points into easy-to-understand strategic and tactical decision support for clients around the world. Augmenting its unique ability of giving website traffic a voice is iPerceptions’ advanced integration technology, allowing clients to combine individual visitor feedback with session-level data provided by multiple best-of-breed web analytics solutions for enhanced analysis and understanding. For more information, please visit www.iperceptions.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Audry Larocque – President and Chief Executive Officer, 514-488-3600
XPND Fund L.P.
Alexandre Taillefer – Managing Director, 514-316-7741