Open EC Technologies, Inc.
TSX VENTURE : OCE
OTC Bulletin Board : OCEIF

Open EC Technologies, Inc.

March 29, 2007 10:00 ET

Open EC Technologies, Inc. Reports Launch of Proginet OEM Sales Channel

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2007) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE)(OTCBB:OCEIF) is pleased to report the launch of the Proginet Corporation ("Proginet") OEM license sales channel for its subsidiary, SoftCare EC Solution Inc. ("SoftCare"). SoftCare has completed the integration of its TradeLink EDI (Electronic Data Interchange) and XML solutions with the Proginet CFI Suite, and Proginet has announced the general availability of the solution under its own Proginet CFI Commerce Server brand name.

This software licensing agreement provides SoftCare with royalty license and maintenance fees for each software license sold by Proginet to its customers. As a Proginet CFI branded solution, Proginet will provide the direct sales, marketing and customer support for the SoftCare solutions. In addition, the agreement provides for sub-licensing to Proginet's distributors in almost two dozen countries around the world.

Going forward, Proginet will be marketing this new solution to its existing 500+ installed customers and to new customers. The launch of this solution is a major step forward in the Company's sales channel development strategy and further validation of SoftCare's industry importance as a b2b (business to business) software solution provider.

"We are excited about the launch of Proginet's CFI Commerce Server using the TradeLink EDI XML solutions," states Martyn Armstrong, CEO of Open EC Technologies. "Proginet is a leader in their market segment, a very capable channel partner with an excellent track record of producing revenue results for their company. We look forward to the ongoing business development growth in this strategic relationship."

In addition, SoftCare's solutions under the OpenEC TradeLink brand are now expanded to offer the Proginet CFI Communications solutions for its own customer's enterprise communications and security requirements.

Quoting Kevin Bohan, Proginet's Chief Information Officer, "With the launch of the CFI Commerce Server, Proginet is well positioned to take its share of the billion dollar e-business software market. We are committed to providing our customers with the leading EDI XML solutions they are looking for, and see the strategic relationship with SoftCare as the right solution."

About Proginet Corporation

Proginet Corporation is a developer of enterprise security software. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion®, CyberFusion Integration Suite (CFI)™, SecurForce™, SecurPass®, and SecurAccess™, support all major computing platforms, from PCs to mainframes. Proginet's global customer base spans more than 23 countries and includes many Fortune 500 companies.

The company is headquartered in Garden City, N.Y., with offices in Toronto, Ontario, Canada, and is publicly traded under the symbol (OTCBB:PRGF). For more information, visit www.proginet.com.

About Open EC Technologies, Inc.

Open EC is a TSX Venture Exchange listed company. Its subsidiary, SoftCare EC Solutions Inc. is an e-business software and solution provider. SoftCare's OpenEC® e-business software includes solutions for Electronic Data Interchange (EDI), Business Process Management and Product Information Management (PIM). The Company sells the OpenEC® products and solutions to the retail supply chain, healthcare, financial services and government agencies in North America. Additional product and solution information is available on the web at www.softcare.com and additional public company information is available on the web at www.openec.com. The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.

ON BEHALF OF THE BOARD

Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting either, Mr. Martyn A. Armstrong, President & CEO of the Company or Mr. John A. Versfelt, CFO and a Director of the Company.

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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

Contact Information

  • Open EC Technologies, Inc.
    Martyn A. Armstrong
    President and CEO
    (604) 983-8083
    or
    Open EC Technologies, Inc.
    Mr. John A. Versfelt
    CFO and Director
    (604) 983-8083
    (604) 983-8056 (FAX)
    Email: investors@softcare.com
    Website: www.openec.com