E-xact Transactions Ltd.

E-xact Transactions Ltd.

December 01, 2010 18:49 ET

E-xact Transactions Ltd.: Merger Agreement Approved

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - E-xact Transactions Ltd. ("E-xact") (TSX VENTURE:EXZ) is pleased to announce that E-xact stockholders today approved a Merger Resolution to merge the Company as previously announced on September 30, 2010 and October 21, 2010 (the "Merger"). The Company will issue a further news release announcing the effective date of the Certificate of Merger.

Peter Fahlman, CEO, President

The statements which are not historical facts contained in this release are forward –looking statements that involve risks and uncertainties. E-xact Transactions Ltd.'s actual results could differ materially from those expressed or implied by such forward-looking statement. Factors that could cause or contribute to such differences include but are not limited to competition, general economic conditions, currency fluctuations and other risks detailed in the Company's filings with the Canadian securities regulatory authorities.

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

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