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MSC Millennium Silver Corp

0.01
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Millennium Silver Corp TSXV:MSC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 01:00:00

Meridex Acquires Calgoo Software

25/02/2009 5:18pm

Marketwired Canada


Meridex Software Corporation ("Meridex" or the "Company") (TSX VENTURE:MSC)
announced today its completion of the acquisition of the Calgoo Software
division of Time Search Inc., a privately-owned provider of in-calendar
marketing solutions, for consideration of $175,000 paid in common shares of
Meridex Software (TSX VENTURE:MSC). The shares will be subject to a 4 month hold
period expiring June 23, 2009 and the transaction is subject to TSX approval.


"I am pleased with our latest acquisition," said Darren Nicholls, President and
CEO, Meridex Software Corporation. "By utilizing the synergies of these two
exciting lines of business we are now in a very strong position to bring in
additional funding, and create great results for our shareholders. We have
assembled a team of the best people in their respective fields. With expertise
in software, emergency management for schools and calendar inter-operability, we
have all the key components to succeed in the rapidly changing and fast growing
software-as-a-service market."


Over the past year, the Company has been restructured, improving operational
efficiencies, implementing industry best practices, and achieving key milestones
in new software development. "With much of this clean up behind us, low overhead
costs, and a pure focus on high margin software sales we are now able to focus
on growing the business," said Darren Nicholls. "In a software industry that is
always changing and an economy in question, this acquisition will help enable
Meridex to enter a new chapter of growth and shareholder value."


About Calgoo

Calgoo is a private Vancouver, BC-based company that has developed
first-to-market In-Calendar Marketing service that uses Calgoo's patent-pending
calendar inter-operability technology to offer businesses a complementary
marketing medium to email. Businesses use In-Calendar Marketing to allow their
customers to subscribe to live calendar feeds with the business' promotions,
sales and special events with a single click.


About Meridex Software Corporation

Meridex Software Corporation is a leading provider of software solutions for
emergency management and calendar inter-operability. We help educational
institutions, government, hospitals, retail and corporate enterprises manage,
monitor, and optimize emergency preparedness and security. Meridex provides
intelligent emergency management solutions synchronizing all of the relevant
information sources into one common operating picture.


(C) 2009 Meridex Software Corporation. Meridex and the Meridex logo are
trademarks or registered trademarks of Meridex Software Corporation. All other
trademarks are the property of their respective owners.


Forward Looking Statements

This discussion may contain certain forward-looking statements reflecting the
Company's current expectations and estimates about the markets in which the
Company operates and management's beliefs and assumptions regarding these
markets. Investors are cautioned that all forward-looking statements involve
risks and uncertainties, including, without limitation, changes in market and
competition, technological and competitive developments, potential downturns in
general economic conditions, and the potential impact of any mergers,
acquisitions or other business combinations or divestitures that may be
announced or completed after such statements are made. Additional information on
these and other potential factors that could affect the Company's financial
results are included in this discussion and in documents filed from time to time
with the provincial securities commissions in Canada.


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