Meridex Software Corporation
TSX VENTURE : MSC

Meridex Software Corporation

November 02, 2007 13:26 ET

Meridex Announces Share Issuance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2007) - Meridex Software Corporation (TSX VENTURE:MSC) announced today that it has issued 572,500 common shares of the company as full and final settlement of all outstanding claims in connection with the 2004 purchase by Meridex of Sweetnam Consulting Inc. Of these shares, 500,000 are being issued under the terms of the 2004 purchase previously accepted by the TSX Venture Exchange.

The company has issued 100,000 common shares at a price of $0.15 as payment for $15,000 in severance liability owed to David Sweetnam by the company.

The company has also issued 17,333 common shares at a price of $.15 to convert $2,600 debt with one of its creditors. The shares are subject to a 4 month hold period expiring February 27, 2008.

About Meridex Software Corporation

Meridex Software Corporation is a leading provider of IP security and facilities management software solutions, helping educational institutions, government, hospitals, retail and corporate enterprises manage, monitor, and optimize security and facilities management systems. Specializing in highly-integrated building security, camera monitoring, HVAC and lighting control that operate based on industry standards, Meridex is developing intelligent IP surveillance and business optimization software solutions to enable real-time monitoring systems through wireless networks.

Meridex has a talented team of professionals with a rich background of industry experience in security, software development and IT. Meridex offers a full-scale of services ranging from initial consultation and assessment, implementation and training, and IT support and services, helping organizations understand their facility needs.

(C) 2007 Meridex Software Corporation. Meridex and the Meridex logo are trademarks or registered trademarks of Meridex Software Corporation. All other trademarks are the property of their respective owners.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information