RTN STEALTH SOFTWARE INC.
5250 Satellite Drive, Unit 22
Mississauga, Ontario L4W 5G5
Tel: 905-629-1333 Fax: 905-629-3222
CNSX: RTN
OTCBB: RTNSF
FRANKFURT: IGN3
For Immediate Release December 14, 2010
RTN Stealth Moves to
Address Liquidity Issues
MISSISSAUGA, ON, Dec. 14 /CNW/ - Michael Boulter, President, COO and interim CEO of
RTN Stealth Software Inc. (the "Company" or "RTN Stealth") advised today that the
Company is facing immediate liquidity challenges in its operations and has also entered into
discussions with its principal creditors whose loans to the Company which, due to the
Company's current inability to meet its obligations as they come due, have recently been
noted in default.
"The Board of Directors of the Company met late last week to review all of the Company's
liquidity challenges, including the need to resolve its continuing loan defaults," Mr. Boulter
stated. "In addition to urgent short-term cash flow requirements requiring resolution in the
amount of approximately $500,000, the Company has outstanding indebtedness in the
principal amount of US$2,407,212, together with interest accruing thereon at the rate of
Prime + 1%, which is now due and payable to the creditors but which the Company is not
currently in a position to repay", he noted.
"The Company simply cannot continue to operate without fresh funding", Mr. Boulter stated.
"Discussions with investors and creditors are continuing under the guidance and leadership
of our Board", he added. "We are working hard to achieve a speedy resolution of the
Company's liquidity challenges and will keep stakeholders fully informed as the situation
develops".
For additional information about RTN Stealth Software Inc., please contact us at (905) 629‐1333
or visit us at www.rtnstealth.com.
Except for historic information, the matters discussed in this document contain certain forward-looking statements.
These statements involve known and unknown risks, delays, uncertainties and other factors not under the
Corporation’s control that may cause actual results, levels of activity, performance or achievements to be materially
different from the results, levels of activity, performance, achievements or expectations expressed or implied by these
forward-looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news
release.
