Serenic Corporation

Serenic Corporation

November 24, 2009 17:33 ET

Serenic Renews Investor Relations Services Agreement With Dollarton Venture Capital and Grants Stock Options to Dollarton and Officers of Serenic

EDMONTON, ALBERTA--(Marketwire - Nov. 24, 2009) - Serenic Corporation (the "Corporation" or "Serenic") (TSX VENTURE:SER), an international software developer specializing in integrated financial management and HCM solutions for Non-Profit organizations, government agencies, and Microsoft Dynamics NAV users announced today the continued engagement of Dollarton Financial Services ("Dollarton") to provide investor relation and corporate communication services to the Corporation, as well as the granting of stock options to Dollarton and officers of the Corporation.

Based in North Vancouver, Dollarton specializes in assisting private and public Canadian companies with an array of services, such as corporate communications, professional management and investor relations services. The principal of Dollarton is Nick Waddell. During the 12-month term of the agreement, Dollarton will be compensated with a monthly retainer fee of $3,600 (three thousand six hundred dollars) and 135,000 (one hundred and thirty five thousand) options to purchase Serenic shares. As authorized by the Board of Directors of the Corporation, the options have an exercise price of $0.40 and shall vest in equal quarterly amounts on February 23, 2010, May 23, 2010, August 23, 2010 and November 23, 2010. Options not exercised by Dollarton shall expire on November 23, 2010. Shares acquired on exercise shall be subject to a 4 month hold period. Pursuant to the terms of the agreement, either party may terminate the agreement or alternatively change the scope of services to be provided by Dollarton upon 30 days advance notice. In the event the agreement is terminated prior to November 23, 2010, unexercised options which have vested shall expire 30 days after the agreement has been terminated.

The Corporation also granted 25,000 stock options to each of Paul Johnston and David Tam, who are the CFO and Secretary, respectively, of the Corporation. These options were granted as officer compensation, are exercisable at $0.30 per share, will vest as to one third (1/3) annually on the anniversary date of the grant and will expire in five years if unexercised. All of the stock options issued issued to Dollarton and the Officers of the Corporation have been issued in accordance with policies of the Corporation's stock option plan and the TSX Venture Exchange.

Serenic Corporation publishes mission-critical software products for not-for-profits (NFP), educational institutions and governments. The Company's products are based on leading application and technology platforms from Microsoft, including Dynamics NAV, SQL Server, and .NET, and are distributed in North America and internationally through value-added resellers and a direct sales organization. Serenic Corporation is the exclusive developer of human resource management and payroll products for Microsoft Dynamics NAV ERP users in North America. Serenic was named the "ISV (Industry Solutions Vendor) Partner of the Year" by Microsoft for 2009 and is a member of Microsoft's President Club and Inner Circle, the latter being an elite group of sixty-seven members representing the top 1% of Microsoft partners world-wide. Serenic has offices in Edmonton, Alberta and Denver, Colorado and staff located throughout the USA.


Dwayne Kushniruk, Chairman

Forward Looking Statements

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "anticipate", "believe", "will", and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such forward looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Serenic Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, software industry risks, general business risks, foreign currency risks, economic dependence risks, and credit risks.

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

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