iPerceptions Inc. Announces Amendment to Convertible Debentures Issued in November 2008

April 5, 2011

iPerceptions Inc. Announces Amendment to Convertible Debentures Issued in November 2008

Montreal, QC – (Business Wire – April 5, 2011) – iPerceptions Inc. (TSX.V: IPE), a leading provider of Voice of Customer web analytics using advanced intercept survey technologies, today announced that agreements have been executed with all of the holders of convertible debentures issued on November 30, 2008, in the principal amount of $3.65M (the “Debentures”) to amend the terms of the Debentures in order to extend their maturity date from November 26, 2011 to January 26, 2013.

Amendment of the maturity date of certain Debentures constitutes a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI-61-101”). The Corporation did not obtain a formal valuation or minority shareholders’ approval for the transaction but instead relied on exemptions from such requirements available under sections 5.5 (g) and 5.7 (e) of MI-61-101. Each independent director of iPerceptions has approved the amendment and there has been no contrary view or abstention by any independent director.

“We are very pleased with the continued commitment by our principal lenders” said Claude Guay, President and CEO of iPerceptions.

About iPerceptions
iPerceptions is a leading web-focused Voice of Customer analytics provider. Its webValidator Continuous Listening solution, 4Q Suite solution, Web Analytics Solution Profiler (WASP) and proprietary iPerceptions Satisfaction Index (iPSI) turn millions of data points into easy-to-understand strategic and tactical decision support for website marketers. iPerceptions’ clients include such well-known brands as Dell, InterContinental Hotels, General Motors, Canadian Tire, Hyundai, LG Electronics, Choice Hotels International, BMW and Monster Worldwide. 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.

Contact
Claude Guay, President and CEO of iPerceptions, 514-488-3600

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iPerceptions - Customer Satisfaction Measurement

News & Press Releases

iPerceptions Inc. Announces Amendment to Convertible Debentures Issued in November 2008