Intrinsyc Software International, Inc.

Intrinsyc Software International, Inc.

January 31, 2008 08:30 ET

Intrinsyc Appoints Philip Ladouceur to Board of Directors

Leading Figure in Technology and Telecommunications Industry Will Help Guide Wireless Software Solutions Provider

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2008) - Intrinsyc Software International, Inc. (TSX:ICS), a global wireless software solutions provider, today announced that Philip R. Ladouceur, one of Canada's foremost technology and telecom executives, has been appointed to serve as an Independent Director on the Company's Board of Directors, effective immediately. Mr. Ladouceur brings to Intrinsyc's Board both CFO and CEO experience in the software and telecommunications industry, including positions at Rogers Communications Inc., Bell Canada International, MetroNet Communications, FutureLink Corp. and Datawire Communication Networks. He has held directorships on a broad variety of boards in Canada, the U.S. and internationally, including AT&T Canada, Intellispan Inc., Jones Intercable, Comcel and Rogers Communications Inc.

"Philip Ladouceur brings valuable executive experience in the telecommunications industry and has established a strong record of building global businesses and unlocking billions of dollars of shareholder value," said Glenda Dorchak, Chairman and Chief Executive Officer, Intrinsyc Software. "Phil's international background, his deep experience with the investment community and his track record of significantly growing companies will be powerful assets for the management team as we pursue a strategy of growth and market leadership in the wireless software industry."

"Intrinsyc is an exciting company with great potential in the rapidly growing global wireless market space," said Philip R. Ladouceur. "My past experience as Director and CEO of fast-growing companies in the wireless communications space aligns precisely with Intrinsyc's growth path, and I look forward to working with Intrinsyc's world class management team and directors to contribute to the execution of the Company's business plan."

In conjunction with Mr. Ladouceur's appointment, Mr. Andrew McLeod has resigned from the Board of Directors of Intrinsyc. "Andrew McLeod successfully served on the Board of Directors, and during his tenure played a valued leadership role in Intrinsyc's 2007 equity financing. We thank him for his excellent contribution to Intrinsyc and look forward to our continued relationship and his support as outside counsel for Intrinsyc," said Ms. Dorchak. Mr. McLeod will continue to serve Intrinsyc and its Board of Directors as outside counsel in his role as Partner with the law firm Blake, Cassels & Graydon LLP.

Currently, Mr. Ladouceur is President and Managing Director of Mardale Investments Ltd. In his past role as CEO, President, and Chairman of MetroNet Communications Inc., Mr. Ladouceur completed private and public financings in excess of $2 billion, including the company's successful IPO. Mr. Ladouceur also initiated the sale of MetroNet to AT&T Corp. in 1999 for $5 billion. Mr. Ladouceur served as the CFO and Director of Rogers Communications Inc. (TSX:RCI.A), one of the largest cable, cellular, and broadcasting companies in North America. While at Rogers, Mr. Ladouceur was responsible for the completion of more than $3 billion in public and private financings. In addition, Mr. Ladouceur was the founding CEO of ISM Information Systems (Alberta) Ltd., which was subsequently acquired by IBM Global Services. He has also served as Chief Executive Officer with SpotWave Wireless, Datawire Communication Networks and FutureLink Corp. Mr. Ladouceur is past Chairman of the Competitive Telecommunications Association of Canada. He has served on several public and private company Boards of Directors, including the Boards of Datawire Communication Networks Inc. and Breken Group Ltd.

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, engineering services, and years of expertise help device makers, service providers, and silicon providers deliver compelling wireless products with faster time-to-market and improved development cost. Intrinsyc is the licensor of the Soleus™ software platform based on Windows® Embedded CE for consumer handset development. Intrinsyc is a Microsoft® Windows Embedded Gold Partner, the 2007 Windows Embedded Excellence Award winner for Systems Integrator, and a Symbian Platinum Partner. Intrinsyc is publicly traded on the Toronto Stock Exchange (symbol: ICS) and headquartered in Vancouver, Canada with regional offices in the United States, United Kingdom, Taiwan and Barbados.

Intrinsyc and Intrinsyc logo are registered trademarks, and Soleus and Soleus logo are trademarks in Canada, the European Community and the U.S.A. of Intrinsyc Software International, Inc. All other marks are the trademarks of the respective owners and are hereby acknowledged.

Forward-Looking Statements

This press release contains statements, which to the extent that they are not recitations of historical fact may constitute forward-looking information. Such forward-looking statements may include financial and other projections as well as statements regarding the Company's future plans, objectives, performance, revenues, growth, profits, operating expenses or the Company's underlying assumptions. The words "may", "would", "could", "will", "likely", "expect", "anticipate", "intend", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases are intended to identify forward-looking statements. Estimates made regarding future results assume the Company will continue to generate business for its engineering services at historical rates. If demand for the Company's services declines, or demand for engineering services declines generally, revenue will be further affected. Additionally, any statements made pertaining to growth potential within a specific geographical regional are made based upon current knowledge and understanding of the market environments and are subject to the risks and uncertainties applicable to each market region and the probability of adopting Intrinsyc's technology and/or utilizing the Company's engineering services. Persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include the risk factors set out in the Company's Annual Information Form. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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