Intrinsyc Software International, Inc.
TSX : ICS

Intrinsyc Software International, Inc.

November 13, 2008 08:30 ET

Intrinsyc Announces Management and Board Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2008) - The Board of Directors of Intrinsyc Software International, Inc. (TSX:ICS), a global wireless software solutions provider, today announced that effective immediately, Glenda Dorchak will no longer continue as Chairman and Chief Executive Officer of the Company. Ms. Dorchak leaves the posts which she has held for two years to pursue other interests. The Board of Directors has appointed Mr. Tracy Rees, current Chief Operating Officer of the Company, to the position of Interim Chief Executive Officer effective immediately. Mr. Philip Ladouceur, a Director of the Company since January 2008, has been appointed Chairman of the Board of Directors.

Dr. Robert Gayton, on behalf of the Board of Directors, commented, "We thank Glenda for her leadership and efforts over the past two years, and wish her well in her future endeavors. We have asked Mr. Rees to continue to focus the Company's energies on revenue generating activities and emerging product areas, and we are delighted that he has agreed to undertake that role."

Mr. Rees, who joined Intrinsyc in 2007 as acting General Manager for APAC, was instrumental in closing the majority of Intrinsyc's Soleus design wins over the past year. He has more recently served as Chief Operating Officer of the Company. As Intrinsyc's Interim CEO, Rees brings more than 25 years of experience in the high technology industry with deep expertise in mobility software and embedded technology. His experience includes positions as CEO of Annasoft Systems; Executive VP Sales, Marketing and International Operations at BSQUARE; and General Manager and VP of Sales at CalAmp, an embedded software and service provider.

Regarding Mr. Ladouceur's appointment, Dr. Gayton commented, "We are pleased that Phil Ladouceur has accepted the position of Chairman. With his many years of experience as a senior executive and board member of various NASDAQ, NYSE and TSX companies, his contributions as Chairman will be invaluable."

About Intrinsyc Software International, Inc.

Intrinsyc provides wireless software solutions that enable next-generation handheld products, including mobile handsets, smart phones, and converged devices. The company's software products include the Soleus™ software platform for consumer device development and the recently acquired Destinator® GPS/navigation technologies. Combined with award winning engineering services and years of systems integration expertise, these solutions help device makers, service providers, and silicon vendors deliver compelling wireless products with faster time-to-market and improved development cost. Intrinsyc is a Microsoft® Windows Embedded Gold Partner and a winner of Windows Embedded Excellence Awards in 2007 and 2008, a Symbian Competence Center and Symbian Platinum Partner. Intrinsyc is publicly traded (TSX:ICS) and headquartered in Vancouver, Canada, with offices in China, Israel, Taiwan, U.K., and the United States. www.intrinsyc.com.

(C)2008 Intrinsyc Software International, Inc. All rights reserved.

Intrinsyc, Soleus, Destinator and their respective logos are trademarks, registered and otherwise, of Intrinsyc Software International, Inc. in Canada, European Union, Taiwan, United States of America and other jurisdictions. Other products and services mentioned in this document are identified by the trademarks or service marks of their respective companies or organizations.

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