Mr. James Matthews reports

ARMADA ANNOUNCES ADDITIONAL FINANCING TO REPLACE CREDIT FACILITY

Armada Data Corp. has entered into a loan agreement with a corporation that is owned and controlled by a director and officer of the company.

The total amount of the loan of $200,000 has been advanced to the company. As security for the loan, a general security agreement was entered into with the lender and a promissory note was executed. The loan bears interest at 12 per cent per annum, calculated and payable monthly. Interest will be payable monthly and the maturity date of the loan is Feb. 29, 2016. This same lender has also previously advanced $100,000 to the company, as disclosed in a press release dated Dec. 5, 2014.

The loan, together with the previous $100,000 advance, is intended to replace the company's $350,000 credit facility with its bank. The bank facility was called and has been fully repaid by the company using a portion of the loan proceeds.

The company intends to use the balance of the proceeds from the loan for working capital and general corporate purposes and intends to service and repay the loan from operating cash flows.

The company will continue to work to obtain alternative financing on a permanent basis.

We seek Safe Harbor.