Preo Software Inc.
TSX VENTURE : PKM

Preo Software Inc.

April 07, 2011 10:00 ET

Preo Software Inc. Hires Seasoned MPS Sales Professional

CALGARY, ALBERTA--(Marketwire - April 7, 2011) - PREO SOFTWARE INC. (the "Corporation") (TSX VENTURE:PKM) is pleased to announce that Mr. Christopher Brown has joined the Company as Director of Channel Sales. Mr. Brown has spent almost 10 years in the print industry, most recently with Xerox's Managed Print business, and has been involved with the MPS industry since its early days.

Mr. Brown has managed channel partners on behalf of Xerox, Kyocera and Muratec and has generated significant year over year growth in the MPS channel for these companies. He brings a structured process to channel sales and has been a key driver in building training materials, incentive programs, sales administration and processes to improve partners' success rate while reducing their time to closing sales opportunities. While at Global Imaging (a Xerox company), Mr. Brown led a project team chartered to develop a consistent, cost-effective MPS offering across all GIS operating companies.

"We are thrilled to have Chris join our team", said Gary McCone, Preo's CEO. "To be able to attract an individual like Chris is validation that we have a very interesting and significant opportunity." Mr. McCone continued "Recently, many shareholders have put their trust in our aggressive growth plans by participating in the convertible debenture financing. Hiring Chris is another step in our pursuit to rapidly escalate our sales and marketing capacity and reach."

Mr. Chris Brown said "Preo's product has a very strong value proposition for both MPS providers and end users. Preo's architecture provides significant cost, scale and ease of deployment advantages that I believe are unparalleled in the market today. I am excited to build a channel strategy that takes advantage of these compelling features to increase market share for Preo and its partners while saving money for end-user customers."

About Preo™ Software

Preo Software Inc. is the market leader in providing Print Knowledge Management Systems (PKMS) to enterprises, select OEMs, and Managed Print Services providers around the world. Printelligence™, the company's award winning flagship SaaS (Software as a Service) offering, empowers users to optimize their print assets and reduce print volumes, while yielding significant cost savings and reducing the environmental footprint.

Preo Software is a seven-year-old technology company maintaining offices in both Canada and in the United States with products deployed in over 3,000 organizations worldwide. For more information, visit www.preosoftware.com.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, the anticipated closing date of the private placement and the use of the net proceeds of the private placement. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. 

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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

Contact Information