SOURCE: Nexiasoft, Inc.

November 29, 2006 16:05 ET

Nexiasoft, Inc. Announces Strategic Partnership With International Soft Devices, Inc.

Nexiasoft Gains Direct Access to Key Technology and Channel Opportunities With Soft Devices' Fortune 1000 Customers

SAN FRANCISCO, CA -- (MARKET WIRE) -- November 29, 2006 -- Nexiasoft, Inc. (PINKSHEETS: NXSF), a holding company which invests in convergent e-commerce technology companies, announced today that it has entered into a Strategic Partnership Agreement with International Soft Devices Corporation. The agreement provides special access to the Soft Devices Platform and co-marketing arrangements which will provide the Nexiasoft portfolio companies joint sales opportunities among Soft Devices' already existing Fortune 1000 customer base.

"The relationship between Nexiasoft and International Soft Devices is strategic in a number of ways," stated Danny Maco, VP of Corporate Development for Nexiasoft. "Soft Devices has developed tools that accelerate the process of rapid prototyping and deployment of software applications. Having direct access to these technologies is particularly interesting to us since our portfolio companies are selected based on their complimentary product features which, when combined using Soft Devices' Platform, can deliver new value-added software features and services.

"Use of the Soft Devices technology," continues Maco, "will enable us to introduce new software products to the market more quickly and allow the applications of our portfolio companies to responded proactively to the dynamically changing needs of their customers, giving our portfolio companies a distinct edge over their competitors."

"In the markets where Nexiasoft operates, agility is key," notes Kevin Owens, CEO of Nexiasoft. "The tools and capabilities of Soft Devices Platform will significantly speed up our integration and application delivery capabilities. Reducing the cycle-time on application development significantly reduces the time to market and related costs, thus directly translating into accelerated growth and greater profitability.

"We are also very excited," Owens adds, "to have the opportunity to serve potential customers within Soft Device's installed customer base, including clients such as HP, Cable and Wireless, Sun, etc."

About International Soft Devices Corporation:

International Soft Devices Corporation is focused on Rapid Application Development powered by their patented Digital Employee Technology that allows application development to be dramatically accelerated. As importantly, the processes governed by these applications become Digital Employee enabled, allowing manually intensive steps related to third party applications to be automated and easily integrated.

Digital Employees have been coupled with the Soft Devices' Smart Process Platform, which is IBM certified, resulting in automated applications that integrate into major ERP systems, system management applications and CRM solutions.

About Nexiasoft:

Nexiasoft, recently commenced trading on the Over-The-Counter Pink Sheets market under the symbol: NXSF and is a holding company that invests in convergent e-commerce technology companies. Companies with disruptive technology in the area of wireless, open-source, and security are particularly of interest. Through targeted investments in such companies, Nexiasoft will continue to provide a compounding effect to the overall value of their portfolio.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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