Serenic Corporation
TSX VENTURE : SER

Serenic Corporation

November 02, 2009 17:54 ET

Serenic Announces Stock Option Grants to Employees and Directors

EDMONTON, ALBERTA--(Marketwire - Nov. 2, 2009) - Serenic Corporation (the "Company" or "Serenic") (TSX VENTURE:SER), an international software developer specializing in integrated financial management and HCM solutions for Non-Profit organizations, government agencies, and Microsoft Dynamics NAV users, announced today the grant of stock options to employees and Directors of the Corporation. A total of 417,500 stock options were granted, including 167,500 to non-executive employees of the Corporation, 50,000 to each of the CEO and Chairman who also act as directors of the Corporation, and 50,000 to each of the three independent directors of the Corporation. All options reflect a strike price of $0.30 per share and were granted pursuant to the terms of the Corporation's stock option plan and the appropriate policies of TSX Venture Exchange.

Serenic Corporation publishes mission-critical software products for not-for-profits (NFP), educational institutions and governments. The Company's products are based on leading application and technology platforms from Microsoft, including Dynamics NAV, SQL Server, and .NET, and are distributed in North America and internationally through value-added resellers and a direct sales organization. Serenic Corporation is the exclusive developer of human resource management and payroll products for Microsoft Dynamics NAV ERP users in North America. Serenic was named the "ISV (Industry Solutions Vendor) Partner of the Year" by Microsoft for 2009 and is a member of Microsoft's President Club and Inner Circle, the latter being an elite group of sixty-seven members representing the top 1% of Microsoft partners world-wide. Serenic has offices in Edmonton, Alberta and Denver, Colorado and staff located throughout the USA.

ON BEHALF OF THE BOARD OF DIRECTORS

By: "Dwayne Kushniruk"
Chairman
SERENIC CORPORATION

Forward Looking Statements
Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "anticipate", "believe", "will", and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such forward looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Serenic Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, software industry risks, general business risks, foreign currency risks, economic dependence risks, and credit risks.

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

Contact Information

  • Serenic Corporation
    Dwayne Kushniruk
    Chairman
    1-877-426-5385 x 509
    dkushniruk@serenic.com
    or
    Serenic Corporation
    Paul Johnston
    CFO
    1-877-426-5385 x 509
    pjohnston@serenic.com
    or
    The Dollarton Group Inc.
    Nick Waddell
    1-877-737-3642 x144
    or
    The Dollarton Group Inc.
    Kit Spence
    1-877-737-3642 x144
    ir@serenic.com