Adfitech Inc (fka ADFT)

[Enterprising Investor]

ADFT Announces Extension of Tender Offer (7/11/12)

EDMOND, Okla., July 11, 2012 /PRNewswire/ -- Adfitech, Inc. ("Adfitech") announced today that it has extended the expiration date of its previously announced tender offer to purchase for cash up to $5,000,000 aggregate principal amount (the "Maximum Purchase Amount") of its outstanding 8.0% Senior Secured Notes due 2020 (CUSIP No. 00687BAA3) (the "Notes") and a related consent solicitation to certain proposed amendments to the Indenture governing the Notes. The tender offer, which was to expire at 5:00 p.m., New York City time, on July 10, 2012, will now be extended to 5:00 p.m., New York City time, on July 13, 2012, unless the tender offer is terminated or further extended (the "Expiration Date").

As of 5:00 p.m., New York City time, on July 10, 2012, tenders have been received with respect to $931,639 principal amount of the Notes and consents have been received with respect to $5,905,426 principal amount of the Notes, which represents approximately 38.6% of the Notes outstanding.

Except for the extension of the Expiration Date as described above, all other terms and conditions of the tender offer and consent solicitation remain unchanged. Holders that have previously tendered or provided consent with respect to their Notes do not need to re-tender their Notes or redeliver their consents or take any other action in response to this extension.

Adfitech, Inc is located in Edmond, Oklahoma on its 20 acre campus. The company and its over 600 employees are entering their fourth decade of providing Quality Control, Due Diligence, and Forensic Loan Reviews with the highest degree of professionalism in the industry. Learn more about Adfitech by visiting www.adfitech.com.

SOURCE Adfitech, Inc.

http://www.prnewswire.com/news-releases/adfitech-announces-extension-of-tender-offer-162096705.html