Maximizer Software Inc.
TSX : MAX

Maximizer Software Inc.

April 15, 2009 06:00 ET

Maximizer's Special Committee Announces Receipt of Revised Privatization Proposal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2009) - The Special Committee of the Board of Directors of Maximizer Software Inc. (TSX:MAX), announced today that it has received a revised proposal from Maximizer's Chairman, Terence Hui, on behalf of a corporation controlled by his family, to purchase all of the shares of the Company not owned by his family for consideration consisting of $0.09 cash per common share. A formal offer has not yet been presented to the Special Committee or Maximizer's shareholders.

The current proposal is subject to a number of conditions including a favourable recommendation from the independent directors of the Company.

The Board of Directors of the Company had appointed a Special Committee of independent directors to consider a proposal which was submitted in September 2007 from the Hui family and to make a recommendation to the Board with respect to the proposal. The September 2007 proposal was never formalized and therefore no recommendation was made to the Board.

Shareholders are reminded that there can be no assurance an agreement or favourable recommendation will result from the current proposal or that a formal offer will be made.

About Maximizer Software

Maximizer Software is a leading provider of simple, accessible, customer relationship management (CRM) solutions, providing the best value for small and medium-sized businesses. As a pioneer in the CRM industry for more than 20 years, Maximizer offers sales, marketing, and customer service staff and managers access to customer information through mobile devices, online, or the desktop. Maximizer's solutions enable organizations to accelerate business growth by streamlining sales, marketing and customer service processes, while exceeding client expectations. Maximizer Software has sold over one million licenses to more than 120,000 customers, ranging in size from entrepreneurs to multi-national organizations, including: Siemens, Societe Generale, HSBC, TD Securities, Lockheed Martin, Brian Tracy International, Fisher & Paykel Healthcare, Oxford University Press, and Cathay Pacific. Maximizer Software is a global business with offices and over 400 business partners throughout the Americas, Europe/Middle East/Africa and Asia Pacific. For more information, please visit: www.maximizer.com.

This release may contain certain forward-looking statements reflecting Maximizer Software Inc.'s current expectations. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, changes in market and competition, technological and competitive developments, and potential downturns in economic conditions generally. Additional information on these and other potential factors that could affect the Company's financial results are detailed in documents filed from time to time with the provincial securities commissions in Canada. All trademarks or registered trademarks stated herein are properties of their respective owners.

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