12th January 2009

Atlantis To Receive $1.5 Million In Tax Credits

Approximately $0.8 million expected in the next eight weeks

Atlantis SystemsTORONTOAtlantis Systems Corp. today announced that it has been notified by the Ontario Media Development Corporation of its eligibility to receive an Ontario Interactive Digital Media Tax Credit, which is a refundable tax credit based on eligible Ontario labour, marketing and distribution expenses with respect to interactive digital media products produced in Ontario. Under this program, Atlantis expects to receive approximately $1.5 million in fiscal 2009, net of applicable fees. The Company expects to receive $0.8 million in February 2009 and the balance once the 2008 tax returns have been filed. The tax credits relate to expenses incurred in the 2007 and 2008 taxation years. The Company plans to apply for future credits through the Ontario Media Development Corporation and through a similar program in Nova Scotia.

“These tax credits provide strong evidence of the quality and innovativeness of Atlantis’ solutions, and they help to solidify our near-term financial position as we execute our new strategic plan and pursue multiple opportunities in our business Read the rest of this entry »

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12th January 2009

Airborne Mobile Closes $2 Million Growth Financing Round

iNovia Capital’s Funding Allows Company To Maintain its Expansion and Launch New Product Offerings

Airborne Mobile Montreal – Garner Bornstein, CEO of Airborne Mobile Inc., a long-time innovator and leader in the mobile media industry, today announced the closing of a $2 million growth financing round with iNovia Capital. The injection of capital will be used to finance Airborne’s new initiatives in mobile media and other business opportunities.

A 10-year pioneer in the mobile content industry, firmly-entrenched in partnerships with every major North American wireless carrier as well as with high-profile consumer brands like Fox’s Family Guy and Food Network, Airborne is enjoying a renaissance
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