Meridex Software Corporation
TSX VENTURE : MSC
OTC Bulletin Board : MSCLF

Meridex Software Corporation

November 20, 2006 08:30 ET

Grant and Purchase of Stock Options of Meridex Software Corporation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 20, 2006) - Further to the disclosure requirements of applicable securities laws, Matthew Dion reports that Meridex Software Corporation (the "Company") (TSX VENTURE:MSC)(OTCBB:MSCLF) today granted to Mr. Dion stock options to purchase 1,500,000 common shares of the Company representing 3.3% of the outstanding common shares of the Company in consideration of Mr. Dion's appointment to the position of President and CEO of the Company. In addition, various persons have provided Mr. Dion with an option to purchase 3,880,200 common shares of the Company representing 8.5% of the outstanding shares of the Company (on a fully diluted basis).

The 5,380,200 common shares of the Company that Mr. Dion may acquire upon exercise of options held represent 11.8% of the outstanding common shares of the Company (on a fully diluted basis).

A copy of the related warning report filed with applicable securities commissions may be obtained from the SEDAR website (www.sedar.com).

Matthew Dion


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