Meridex Software Corporation
TSX VENTURE : MSC

Meridex Software Corporation

February 24, 2009 13:07 ET

Sale of Facilities Management Division Will Give Meridex Tighter Focus on Its 3Csafe IP Security Software Business

Meridex signs Letter of Intent to sell its Facilities Management division to Robert Stephens Consulting in order to focus more cash and resources on its IP security software.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2009) - Meridex Software Corporation (TSX VENTURE:MSC), a leading provider of IP security and facilities management software solutions, today announced that it has signed a letter of intent for the sale of its Facilities Management Software division to Robert Stephen Consulting, LLC (RSC).

"This sale of our FM division not only provides us with more cash but also allows our team to focus more tightly on developing and selling our new IP security software helping us to build a scalable, high margin software business and generate greater shareholder value", said Mr. Darren Nicholls, President and CEO of Meridex Software Corporation.

The proposed transaction is subject to TSX approval.

ABOUT MERIDEX

Meridex Software Corporation is a leading provider of IP security and emergency management software solutions. Meridex enables educational institutions, government, hospitals, retail and corporate enterprises to manage, monitor, and optimize security and facilities management systems. Specializing in highly-integrated building security, camera monitoring, HVAC and lighting controls that operate based on industry standards. Additional information can be found at http://www.meridex.com and http://www.3csafe.com.

ABOUT ROBERT STEPHEN CONSULTING, LLC (RSC)

RSC is a top Corporate Real Estate and Asset management consulting company specializing in providing solutions to their clients' challenges. RSC answers these challenges utilizing many Integrated Workforce Management System (IWMS) solutions coupled with RSC's own SpaceView product line making them a leader in new web-enabled technology that allows their clients to view solutions graphically. RSC is also a leader in enabling applications and solutions on PDA devices providing new solutions in many areas of operations. Additional information can be found at www.rsc2lc.com.

Contact Information