Intrinsyc Software International, Inc.
TSX : ICS

Intrinsyc Software International, Inc.

June 07, 2007 14:30 ET

Intrinsyc Announces Closing of Over-Allotment Option

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - Intrinsyc Software International, Inc. (the "Company") (TSX:ICS) is pleased to announce the closing today of the partial exercise of the over-allotment option previously granted to the underwriting syndicate led by Canaccord Adams, and including Paradigm Capital Inc., Raymond James Ltd. and GMP Securities L.P., in the Company's public offering that closed on May 10, 2007. The underwriting syndicate partially exercised its over-allotment option to purchase an additional 3,051,900 Common Shares, at a price of $0.60 per Common Share, resulting in gross proceeds of $1,831,140. The total offering is therefore 36,385,900 Common Shares for gross proceeds to the Company of $21,831,540.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. The securities to be sold in the Offering have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to a U.S. person absent registration or an exemption from the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about the company and management, as well as financial statements.

About Intrinsyc Software International, Inc.

Intrinsyc is a leader in software and services that enable next-generation handheld and embedded products, including mobile handsets, smart phones and converged devices. The company's mobile software products, engineering services, and years of expertise help OEMs, service providers, and silicon providers deliver compelling wireless products with faster time-to-market and improved development cost. Intrinsyc is the licensor of the Soleus™ platform based on Windows® Embedded CE for consumer handset development. Intrinsyc is a Windows® Embedded Gold Partner, the 2007 Windows Embedded Excellence Award winner for System Integrator, and a Symbian Platinum Partner. Intrinsyc is publicly traded on the Toronto Stock Exchange (symbol: ICS) and headquartered in Vancouver, Canada with regional offices in the United Kingdom, the United States, Taiwan and Barbados.

Intrinsyc and Intrinsyc logo are registered trademarks, and Soleus and Soleus logo are trademarks in Canada, the European Community and the U.S.A. of Intrinsyc Software International, Inc. All other marks are the trademarks of the respective owners and are hereby acknowledged.

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