Software Growth Inc.
TSX VENTURE : SGW.P

December 05, 2007 15:01 ET

Software Growth Inc.: Termination of Proposed Aquisition of Sensicore, Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

SOFTWARE GROWTH INC. (TSX VENTURE:SGW.P) (the "Corporation"), a capital pool company, announced today that it has terminated the proposed acquisition of Sensicore, Inc. ("Sensicore"), as announced by the Corporation on September 26, 2007 (the "Transaction").

Since entering into the term sheet with Sensicore on September 26, 2007, the Corporation and Sensicore have been unable to satisfy all of the conditions required to complete the Transaction. As a result, the Corporation is exploring other transactions in various economic sectors with a view to completing its qualifying transaction pursuant to the policies of the TSX Venture Exchange Inc. (the "Exchange").

Effective December 7, 2007, the common shares of the Corporation will resume trading.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Software Growth Inc.
    Mark Lawrence
    President, Chief Executive Officer,
    Chief Financial Officer and Director
    (416) 707-6630
    Email: mark@northcrestpartners.com