Meridex Software Corporation

Meridex Software Corporation

February 25, 2009 13:18 ET

Meridex Acquires Calgoo Software

Purchase provides synergistic opportunities consistent with Meridex's strategic direction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2009) - Meridex Software Corporation ("Meridex" or the "Company") (TSX VENTURE:MSC) announced today its completion of the acquisition of the Calgoo Software division of Time Search Inc., a privately-owned provider of in-calendar marketing solutions, for consideration of $175,000 paid in common shares of Meridex Software (TSX VENTURE:MSC). The shares will be subject to a 4 month hold period expiring June 23, 2009 and the transaction is subject to TSX approval.

"I am pleased with our latest acquisition," said Darren Nicholls, President and CEO, Meridex Software Corporation. "By utilizing the synergies of these two exciting lines of business we are now in a very strong position to bring in additional funding, and create great results for our shareholders. We have assembled a team of the best people in their respective fields. With expertise in software, emergency management for schools and calendar inter-operability, we have all the key components to succeed in the rapidly changing and fast growing software-as-a-service market."

Over the past year, the Company has been restructured, improving operational efficiencies, implementing industry best practices, and achieving key milestones in new software development. "With much of this clean up behind us, low overhead costs, and a pure focus on high margin software sales we are now able to focus on growing the business," said Darren Nicholls. "In a software industry that is always changing and an economy in question, this acquisition will help enable Meridex to enter a new chapter of growth and shareholder value."

About Calgoo

Calgoo is a private Vancouver, BC-based company that has developed first-to-market In-Calendar Marketing service that uses Calgoo's patent-pending calendar inter-operability technology to offer businesses a complementary marketing medium to email. Businesses use In-Calendar Marketing to allow their customers to subscribe to live calendar feeds with the business' promotions, sales and special events with a single click.

About Meridex Software Corporation

Meridex Software Corporation is a leading provider of software solutions for emergency management and calendar inter-operability. We help educational institutions, government, hospitals, retail and corporate enterprises manage, monitor, and optimize emergency preparedness and security. Meridex provides intelligent emergency management solutions synchronizing all of the relevant information sources into one common operating picture.

(C) 2009 Meridex Software Corporation. Meridex and the Meridex logo are trademarks or registered trademarks of Meridex Software Corporation. All other trademarks are the property of their respective owners.

Forward Looking Statements

This discussion may contain certain forward-looking statements reflecting the Company's current expectations and estimates about the markets in which the Company operates and management's beliefs and assumptions regarding these markets. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, changes in market and competition, technological and competitive developments, potential downturns in general economic conditions, and the potential impact of any mergers, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made. Additional information on these and other potential factors that could affect the Company's financial results are included in this discussion and in documents filed from time to time with the provincial securities commissions in Canada.

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