Montreal, Quebec, June 17, 2008 - The Business Development Bank of Canada (BDC) announces that it has acquired 8,333,333 common shares of Prosys Tech Corporation (Prosys), pursuant to an agreement reached with BDC to convert $2,000,000 of a $3,000,000 subordinated loan of Prosys' subsidiary Prosys-Tec Computers Inc. into common shares of Prosys. On a diluted basis, such holding represents 10.39% of the common shares of Prosys issued and outstanding as at June 17, 2008.
Thus, after giving effect to the acquisition, BDC holds 8,333,333 common shares of Prosys. On a diluted basis, BDC therefore currently holds 10.39% of the common shares of Prosys issued and outstanding as at June 17, 2008. The common shares of Prosys are listed on the TSX Venture exchange under the ticker symbol POZ.
Prosys' securities held by BDC, directly or through its allies, are for investment purposes. This investment will be reviewed periodically and BDC's holdings may be increased or reduced in the future, as appropriate.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.
BDC is a financial institution wholly owned by the Government of Canada. BDC actively supports the development and growth of Canadian small and medium-sized businesses through its complementary financing, investment, and consulting services.
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For information:
Johanne Bissonnette
Media Relations Manager
(514) 283-7929
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