Meridex Software Corporation

Meridex Software Corporation

August 30, 2007 23:58 ET

Meridex Announces Settlement and Shares for Debt Agreements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2007) - Meridex Software Corporation (TSX VENTURE:MSC) announced today that it has signed an agreement with David Sweetnam to issue 572,500 common shares of the company as full and final settlement of all outstanding claims in connection with the 2004 purchase by Meridex of Sweetnam Consulting Inc. Of these shares, 500,000 are being issued under the terms of the 2004 purchase previously accepted by the TSX Venture Exchange.

The company has also agreed to issue 100,000 common shares at a price of $0.15 as payment for $15,000 in severance liability owed to David Sweetnam by the company.

The company has also agreed with one of its creditors to convert a $2,600 debt into 17,333 common shares at a conversion price of $0.15.

The relevant share issuances and related agreements are subject to the acceptance of the TSX Venture Exchange.

About Meridex Software Corporation

Meridex Software Corporation provides mobile facilities software solutions and information technology services. Product offerings include the MicroView™ suite, a fully integrated Archibus/FM™ solution that provides the user with the power and flexibility needed to effectively manage its facilities operations. Clients use Meridex product offerings to manage facilities activities including space management, asset lifecycle management, maintenance management, parts inventory management, condition assessments, inspections and surveys. By removing manual data entry, facilities managers can save time, increase productivity, reduce costs and improve data accuracy.

Meridex also provides comprehensive small-and medium-sized business (SMB) solutions to manage, monitor and optimize information technology. Managed IT services include network design and configuration, hardware and software upgrades, scheduled services, IT security (internet, data, and email protection) and data storage solutions.

(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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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