CloudBench Applications, Inc.
TSX VENTURE : CBH

CloudBench Applications, Inc.

December 17, 2009 14:09 ET

CloudBench Applications Announces Issuance of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Dec. 17, 2009) - CloudBench Applications, Inc. (TSX VENTURE:CBH) ("CloudBench" or the "Company") today announced that it has issued options to purchase 895,000 shares at $.10 per share for a period of five years with vesting in accordance with the shareholder approved stock option plan to a total of nine employees and consultants. The Company's Vice President Marketing and Sales, Michael Togyi, has been issued 250,000 of the options described above. 

About CloudBench Applications, Inc.

CloudBench Applications, Inc. (TSX VENTURE:CBH) develops, sells and supports BasicGov web-based software for cities and local governments that streamlines permitting and inspections, code enforcement and planning. BasicGov is a reliable, secure solution delivered for an affordable price and the only web-based software for local governments built on the Force.com, the cloud computing platform from SalesForce.com used by more than 55,000 organizations worldwide. Unlike enterprise software that is expensive to acquire and difficult to implement, BasicGov requires no capital investment and is simple to set up. Users pay a monthly subscription fee of $119 per module and no capital investment is required. www.basicgov.com

Contacts

For more information about CloudBench Applications, Inc. and BasicGov visit www.basicgov.com, call +1 (604) 729-5142 or email info@basicgov.com.

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