SOURCE: Nexiasoft, Inc.

December 18, 2006 16:00 ET

Strategic Information Group to Provide Installation Services for Nexiasoft Portfolio Company Cytak

SAN FRANCISCO, CA -- (MARKET WIRE) -- December 18, 2006 -- Nexiasoft, Inc. (PINKSHEETS: NXSF), a holding company which invests in convergent e-commerce technology companies, announced today that Strategic Information Group (SIG), a leading sales agent of QAD Enterprise Applications and consulting services , will expand their services portfolio to include installation services to Cytak, Inc., a Nexiasoft portfolio company.

"This partnership holds the prospect of serving and significantly expanding Cytak's existing pipeline of more than 100 enterprise customers in 2007," said Kevin Owens, Nexiasoft's Chief Executive Officer. "SIG is one of QAD's most esteemed go-to partners, with a track record of more than 450 successful implementations. SIG's wide customer base includes global leaders, mid-market growth companies and start-ups in a range of manufacturing industry sectors. This partnership brings tremendous benefits to Cytak and its customers."

Cytak (www.cytak.com) is a managed service that provides automatic distribution of sales and use tax rates with verification tools to analyze tax payments. It is built, maintained and operated in a secure environment and provides tax integration services for standard ERP and accounting packages. Nexiasoft acquired Cytak in November.

"We are pleased to enter into a strategic partnership with Cytak and Nexiasoft," said Doug Novak, President of SIG. "Cytak's sales and use tax rate automation solution aligns well with the needs of SIG's customer base. Our clients will achieve improved efficiencies via automation and prebuilt integration to QAD Enterprise Applications. We look forward to the expansion of our services offering to include Cytak."

About Cytak

Cytak is a managed service that provides automatic distribution of sales and use tax rates with verification tools to analyze tax payments. It is built, maintained and operated in a secure environment and provides tax integration services for standard ERP and accounting packages.

In the regulatory and compliance environments of today, Cytak provides customers confidence in knowing that their tax rates are always up-to-date and eliminates the labor traditionally required to keep these systems maintained.

For more information about Cytak, visit www.cytak.com

About Nexiasoft:

Nexiasoft recently commenced trading on the Over-The-Counter Pink Sheets market under the symbol: NXSF and is a holding company that invests in convergent e-commerce technology companies. Companies with disruptive technology in the area of wireless, open-source, and security are particularly of interest. Through targeted investments in such companies, Nexiasoft will continue to provide a compounding effect to the overall value of their portfolio. More information can be found at www.nexiasoft.com.

About SIG

Strategic Information Group (SIG) is a leading sales agent of QAD Enterprise Applications and consulting services. SIG offers a range of business application consulting and validation services across all manufacturing sectors. Customers range from start-up companies to multinational corporations. For more information about Strategic Information Group telephone +1 800 433 7174, or visit the SIG site at www.strategic.com.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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