Intrinsyc Software International, Inc.
TSX : ICS

Intrinsyc Software International, Inc.

October 05, 2007 08:45 ET

Intrinsyc Names Former Qualcomm Executive to Lead Soleus™ Product Development

Souheil Gallouzi Brings More Than Fifteen Years of Wireless Experience to Intrinsyc

BELLEVUE, WASHINGTON and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2007) - Intrinsyc Software International, Inc. (TSX:ICS), a global mobility software solutions provider, today announced the appointment of Souheil Gallouzi to the position of Vice President and General Manager of Product Marketing and Development, effective October 8, 2007. In this role, Mr. Gallouzi will oversee the planning and development of Soleus and Intrinsyc's other software solutions. Randy Kath, Chief Technology Officer, will hand-off the product development operation to Mr. Gallouzi in order to broaden his focus as CTO on driving Intrinsyc's next generation software technology vision and strategy. Mr. Gallouzi will be based out of Intrinsyc's offices in Bellevue, Washington.

Mr. Gallouzi brings deep product development experience and wireless industry expertise to Intrinsyc. He spent seven years with Qualcomm, and most recently was Senior Director with MediaFLO Technologies. He began his career as a Systems Engineer with Bell Northern Research, and later held management positions with Nortel Networks and Newbridge Networks before moving to Qualcomm and Leap Wireless International, a Qualcomm spin-off, where he was Vice-President, Product Management. Mr. Gallouzi holds Bachelor and Masters of Science degrees in Computer Science from the University of Ottawa.

"Souheil brings a wealth of wireless industry expertise to Intrinsyc and his recent experience at Qualcomm enabling video and mobile TV on wireless platforms is uniquely aligned with the multimedia platform strategies that Intrinsyc is implementing with Soleus™," said Glenda Dorchak, Chairman and Chief Executive Officer, Intrinsyc Software. "Intrinsyc has grown to the stage where we need a strong development operation to capitalize on Soleus growth opportunities, and to fully leverage Randy Kath's role of CTO to set the vision for our technology."

With this appointment, Intrinsyc continues to add management team strength to further capitalize on the rapidly growing interest in, and adoption of, the Soleus mobile handset platform.

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 Microsoft® 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.

Forward Looking Statements

This press release contains statements, which to the extent that they are not recitations of historical fact may constitute forward-looking information. Such forward-looking statements may include financial and other projections as well as statements regarding the Company's future plans, objectives, performance, revenues, growth, profits, operating expenses or the Company's underlying assumptions. The words "may", "would", "could", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project", and "believe" or other similar words and phrases are intended to identify forward-looking statements. Estimates made regarding future results assume the Company will continue to generate business for its engineering services at historical rates. If demand for the Company's services declines, or demand for engineering services declines generally, revenue will be further affected. Additionally, any statements made pertaining to growth potential within a specific geographic region are made based upon current knowledge and understanding of the market environments and are subject to the risks and uncertainties applicable to each market region and the probability of adopting Intrinsyc's technology and/or utilizing the Company's engineering services. Persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include the risk factors set out in the Company's Annual Information Form.

The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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