Municipal Solutions Group, Inc.
TSX VENTURE : MSZ

Municipal Solutions Group, Inc.

July 14, 2008 20:12 ET

Municipal Solutions Group, Inc. Announces Shareholders' Vote Relating to Transaction With N. Harris Computer Corporation

VICTORIA, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Municipal Solutions Group, Inc. (TSX VENTURE:MSZ) ("Municipal" or the "Company") announces that its shareholders have voted to approve the transaction previously announced on June 3, 2008 (the "Transaction") which, if completed, will result in the sale of substantially all of the assets of Municipal to N. Harris Computer Corporation ("Harris") pursuant to a share purchase agreement and an asset purchase agreement with Harris, a wholly owned subsidiary of Constellation Software Inc. (TSX:CSU).

At the annual and extraordinary meeting of the shareholders of Municipal held earlier today, KPMG LLP was reappointed as auditors of the Company and the following persons were elected as directors of the Company: Kelly Edmison, John Jacobson, Ian Power, David Roberts and Divesh Sisodraker.

In addition to the appointment of the auditors and the election of directors, shareholders were asked to approve a number of matters relating to the Transaction, all of which were approved by the requisite majorities. The specific approvals and the percentage of votes cast for these matters at the meeting were as follows:

(a) The Transaction - 99.99% of the votes cast at the meeting were cast in favor of the resolution.

(b) Amendments to Municipal's Articles to facilitate shareholders choosing Option 1 or Option 2 (as described below) - 99.46% of the votes cast at the meeting were cast in favor of the resolution.

(c) Change of Name from "Municipal Solutions Group, Inc." to "CloudBench Applications, Inc." - 98.80% of the votes cast at the meeting were cast in favor of the resolution.

(d) Repricing of Debentures - 75.78% of the votes cast at the meeting by disinterested shareholders were cast in favor of the resolution.

Completion of all of these transactions is subject to a number of conditions, including receipt of all necessary stock exchange and regulatory approvals. Municipal currently expects that the closing of the Transaction to occur on or about July 17, 2008.

Following the completion of the Transaction, Municipal plans to change its name from "Municipal Solutions Group, Inc." to "CloudBench Applications, Inc." and following such name change the company's shares will continue to trade on the TSX Venture Exchange, under the trading symbol "CBH".

As part of the Transaction, shareholders were asked to make an election with respect to two options (Option 1 and Option 2) by no later than today. Shareholders who elected Option 1 will have their shares redeemed and will be issued subscription receipts, which will entitle them to receive their pro rata portion of any amounts paid to Municipal following the closing of the Transaction as a result of the release of held back portions of the purchase price. Shareholders who elected Option 2 will receive a return of capital and will continue to hold their Municipal shares. For further information on Option 1 and Option 2, please see Municipal's management information circular dated June 16, 2008.

About Municipal Solutions Group, Inc.

Municipal Solutions Group, Inc. was formed in January 2002 as the public financing arm for Municipal Software Corporation.

About Municipal Software Corporation

Municipal Software Corporation (TSX VENTURE:MSZ) provides easily installed, packaged software solutions that manage the everyday business processes of local governments. The solutions are based on 24 years of experience with a product platform that easily adapts to the changing practices of clients. Branded under the CityView name, the company provides a number of out of the box solutions automating practices in Property Information, Permits and Inspections, Planning, Code Enforcement, Licensing and Cashiering. CityView Application Builder is a set of application development tools that allows the client to develop unique applications to match specific needs. Municipal Software offers a complete range of services from training and customer support of its suite of products to custom development for unique applications.

Forward-Looking Statements

Certain statements in this news release are not historical and may constitute forward-looking statements reflecting Municipal Solutions Group Inc's current expectation in the local government sector. These statements are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to be inaccurate and may differ materially from actual events or results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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