Maximizer Software Inc.

Maximizer Software Inc.

October 01, 2009 08:30 ET

Maximizer's Special Committee Announces Receipt of Further Revised Privatization Proposal at $0.12 Per Share

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) - The special committee (the "Special Committee") of the board of directors (the "Board") of Maximizer Software Inc. ("Maximizer" or the "Company") (TSX:MAX), announced today that it has received a further revised proposal (the "Proposal") from Maximizer's chairman, Terence Hui, on behalf of a company controlled by members of his family, to purchase, as a "going private transaction", all of the issued and outstanding common shares of the Company in the "public float" for consideration of $0.12 cash per common share (the "Transaction").

The Proposal remains subject to the completion of formal documentation (including the execution of a definitive arrangement agreement providing for the terms and conditions upon which the Transaction will be completed) and to customary closing conditions, including the receipt by the Special Committee of a formal valuation (the "Formal Valuation") of the value of the Company's common shares and a fairness opinion (the "Fairness Opinion") from the Special Committees' independent financial advisors to the effect that the Transaction is fair, from a financial point of view, to the shareholders of Maximizer, other than Mr. Hui and members of his family, the approval of the Transaction by shareholders of the Company, other than Mr. Hui and members of his family and their related parties, and the approval of the Transaction by the Supreme Court of British Columbia.

Subject to the foregoing, including receipt of the Formal Valuation and the Fairness Opinion, the Special Committee intends to recommend to the Board that the Company proceed with the Transaction and that the Board recommend that the shareholders vote to approve the Transaction.

There is no assurance that the Transaction will be completed on the terms contemplated in the Proposal or at all. The Company will provide a further update on the Proposal in a forthcoming communication.

About Maximizer Software

Maximizer Software is a leading provider of simple, accessible, customer relationship management (CRM) solutions, providing the best value for small and medium-sized businesses. As a pioneer in the CRM industry for more than 20 years, Maximizer offers sales, marketing, and customer service staff and managers access to customer information through mobile devices, online, or the desktop. Maximizer's solutions enable organizations to accelerate business growth by streamlining sales, marketing and customer service processes, while exceeding client expectations. Maximizer Software has sold over one million licenses to more than 120,000 customers, ranging in size from entrepreneurs to multi-national organizations, including: Siemens, Societe Generale, HSBC, TD Securities, Lockheed Martin, Brian Tracy International, Fisher & Paykel Healthcare, Oxford University Press, and Cathay Pacific. Maximizer Software is a global business with offices and over 400 business partners throughout the Americas, Europe/Middle East/Africa and Asia Pacific. For more information, please visit:

This release may contain certain forward-looking statements reflecting Maximizer Software Inc.'s current expectations. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, changes in market and competition, technological and competitive developments, and potential downturns in economic conditions generally. Additional information on these and other potential factors that could affect the Company's financial results are detailed in documents filed from time to time with the provincial securities commissions in Canada. All trademarks or registered trademarks stated herein are properties of their respective owners.

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