E-xact Transactions Ltd.

E-xact Transactions Ltd.

December 03, 2010 16:57 ET

E-xact Transactions Ltd.: Merger Finalized

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2010) - E-xact Transactions Ltd. ("E-xact") (TSX VENTURE:EXZ). Further to the Company's news release on December 1, 2010 advising that the merger resolution had been approved, the Certificate of Merger was filed today in Delaware. A detailed discussion of the effect of the filing is contained in the Company's information circular for the meeting. All treasury and issued and outstanding shares of the Company have been cancelled. Stockholders will receive a transmission letter from Computershare Trust Company instructing stockholders regarding delivery of their share certificates and choice of merger consideration.

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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