Preo Software Inc.

Preo Software Inc.

October 20, 2010 09:00 ET

Preo Software Inc.: Conversion of Prior Debentures - $500,000

CALGARY, ALBERTA--(Marketwire - Oct. 20, 2010) - PREO SOFTWARE INC. (the "Corporation" or "Preo") (TSX VENTURE:PKM). The Corporation is pleased to announce that all holders of debentures issued on January 26, 2009 in the aggregate amount of $500,000 have converted their debentures into common shares. The debentures were converted at a conversion price of $0.28 per share and an aggregate of 1,785,713 shares were issued under the conversion.

Gary McCone, Preo's CEO said "I would like to thank all the debenture holders for demonstrating their continued support and confidence in our go forward strategy. Their decision to convert has resulted in Preo having a very clean balance sheet and capital structure as we embark on our fundraising initiative."

About Preo™ Software

Preo Software Inc. is the market leader in providing Print Knowledge Management Systems (PKMS) to enterprises and select OEM's around the world. Printelligence™, the company's award winning SaaS (Software as a Service) offering, empowers users to optimize their print assets and reduce print volumes yielding significant cost savings and a smaller environmental footprint. Preo customers have achieved significant cost reductions through the deployment of Printelligence's patented PKMS Rules Engine, which allows managers to monitor, advise and/or control the print function in their organization.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information