Intrinsyc Software International, Inc.
TSX : ICS

Intrinsyc Software International, Inc.

March 26, 2008 08:30 ET

Intrinsyc Software Appoints Chief Financial Officer

George Reznik joins executive team to help drive rapid growth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Intrinsyc Software International, Inc. (TSX:ICS), a global wireless software solutions provider, today announced the appointment of George Reznik to the position of Chief Financial Officer (CFO) of the Company, effective April 15, 2008. Mr. Reznik will report to Glenda Dorchak, Chairman and CEO of the Company. Mr. Reznik will oversee the Company's financial operations, accounting, treasury, as well as corporate operations including global site management, human resources and information technology functions.

Mr. Reznik is a Chartered Accountant and has more than eighteen years experience in senior and executive financial roles, with the last 10 years spent at rapidly growing public companies in the software and wireless industries. He brings broad expertise in international corporate finance, strategic business planning, mergers and acquisitions, investor relations and operational management.

"We are pleased to welcome George to Intrinsyc's management team," said Ms. Dorchak. "George has a strong operational background and brings key leadership experience in areas including mergers and acquisitions, as well as strategic financial planning, that he gained in the software industry. George will play an important role in executing the company's long-term growth strategy."

Before joining Intrinsyc, Mr. Reznik was the CFO of Digital Dispatch Systems Inc. where he led the execution of two strategic acquisitions and effective operational planning. Previously, he was CFO and COO of Infowave Software. He had also served as Vice President, Finance, with Pivotal Corporation where he played a leadership role in its Initial Public Offering on the Nasdaq and Toronto Stock Exchanges. Prior to 1998, Mr. Reznik held a number of management positions of increasing scope with the Deloitte & Touche corporate finance office in Canada and the U.K. Mr. Reznik holds a Bachelor of Commerce degree from the University of Manitoba and is a Chartered Business Valuator and Certified Fraud Examiner.

"We thank David Fischer, Intrinsyc's Acting CFO, for his outstanding contribution during this period," said Ms. Dorchak. Mr. Fischer will move to the role of Vice President, Finance and will lead the company's financial operations, reporting to Mr. Reznik.

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™ 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 System Integrator, and a Symbian Platinum Partner. Intrinsyc is publicly traded on the Toronto Stock Exchange (symbol: ICS) and headquartered in Vancouver, Canada with offices in the United States, the 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. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "predicts", "potential", "targeted", "plans", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements include, without limitation, statements about the Company's market opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company's available cash resources and other statements about events, conditions or results that may occur in the future. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business and economic risks and uncertainties, including the risks and uncertainties set out in the Company's Annual Information Form. The Company's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, persons reading this press release should not place undue reliance on forward-looking statements.

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