Synergex Corporation
TSX : SYX

Synergex Corporation

October 15, 2008 09:05 ET

Synergex Signs Canadian Distribution Agreement with InComm

MISSISSAUGA, ONTARIO--(Marketwire - Oct. 15, 2008) - Synergex Corporation (TSX:SYX) ("Synergex" or the "Company"), a premier provider of international logistics and distribution services, today announced a Canadian logistics and distribution deal with InComm; a company specializing in stored-value gift cards and prepaid products.

"InComm has been a rapidly growing leader in the prepaid products industry in North America, and we are thrilled that they have strategically chosen Synergex to fulfill their Canadian distribution needs," said David Aiello, President & Chief Executive Officer, Synergex Corporation. "The contract is indicative of the confidence InComm has placed in us to facilitate their growing success in Canada."

InComm is the North American leader in a rapidly growing industry of prepaid and stored-value solutions, which reached nearly $8 billion in retail sales transactions in 2007. The Company expects to distribute over 100 million units of InComm product in Canada over the next three years. Some of InComm's products include gift cards, reloadable debit cards such as MasterCard®, digital music downloads, content, games, wireless and long distance telephone calls.

"Synergex has provided InComm with superior third party logistics services across Canada over the last few years," said Dan Kahrs, Senior Vice President, Operations of InComm. "We are confident that our continued long-term partnership with Synergex will help us maintain our industry leading position in the North American market." said Kahrs.

Synergex has been providing InComm with third party logistics services in Canada since 2005. Leading up to the execution of the agreement, Synergex' Canadian warehouse facility has been thoroughly inspected and approved by MasterCard as a secured and authorized third party storage facility for their brand of products. The Company anticipates that its security clearance designation by MasterCard will result in an even greater volume of product distribution of InComm's extensive product line in the future.

About Synergex Corporation

Synergex is a premier international service provider of supply chain management solutions, specializing in logistics, distribution, freight forwarding, localization and packaging services. Headquartered in Mississauga, Ontario, with operations across North, Central and South America, Synergex serves a broad base of customers that includes a number of multinational enterprises. Synergex is listed on the Toronto Stock Exchange and trades under the symbol SYX. For further information, please visit www.syx.ca.

About InComm

InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With almost $8 billion in retail sales transactions processed in 2007, InComm is the nation's largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 145,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers while streamlining the selling process for product and retail partners. To learn more about InComm, visit www.incomm.com or call 1.800.352.3084. InComm is headquartered in Atlanta with offices in Japan, Canada, Europe, Puerto Rico, Colorado, Texas, Florida, New Jersey, Oregon, Arkansas, and Minnesota.

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