Meridex Software Corporation

Meridex Software Corporation

November 20, 2007 18:00 ET

Meridex Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2007) - Meridex Software Corporation ("Meridex" or the "Company") (TSX VENTURE:MSC) is pleased to announce its proposal to undertake a private placement offering of up to 5,000,000 equity units at a price of $0.12 per unit. Each unit will consist of one share and one non-transferable share purchase warrant, exercisable at a price of $0.20 per share purchase warrant for a period of 12 months from the date of closing of the private placement offering. The net proceeds from the proposed private placement will be used for research and development, sales and marketing, and working capital.

The number of common shares issuable if the private placement is fully subscribed and all Warrants are exercised is 10,000,000 common shares for gross proceeds of $1,600,000.

The Company will pay a cash finder's fee of 2 per cent of the gross proceeds with respect to certain subscribers.

The closing of the placement will be done in multiple tranches. The offering is being made under the TSX Venture Exchange Private Placement Policy and is subject to regulatory approvals.

About Meridex

Meridex Software Corporation is a leading provider of IP security and facilities management software solutions. Meridex enables educational institutions, government, hospitals, retail and corporate enterprises manage, monitor, and optimize security and facilities management systems. Specializing in highly-integrated building security, camera monitoring, HVAC and lighting control that operate based on industry standards, Meridex is developing intelligent IP surveillance and business optimization solutions to enable real-time monitoring systems through wireless networks. Meridex has a talented team of professionals with a rich background of industry experience in security, software development and IT. Meridex offers a full-scale of services ranging from initial consultation and assessment, implementation and training, systems integration, and IT support and services, helping organizations understand their facility needs.

(C) 2007 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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