Preo Software Announces Closing Of Plan of Arrangement

Preo Software Inc. ("Preo" or the "Company") is pleased to announce the
completion of the plan of arrangement (the "Arrangement") previously announced
by CDG Investments Inc. ("CDG") on April 28, 2008 and June 13, 2008.


Under the terms of the Arrangement, CDG and Preo Software Inc. (a predecessor
private corporation) have amalgamated and will continue under the name of Preo
Software Inc. ("Amalco"). Each shareholder of CDG (subject to a small
shareholder buy-back) will receive one (1) new share of Amalco for each share of
CDG currently held after giving effect to a four for one (4:1) consolidation of
the CDG common shares that was approved by the CDG shareholders on July 23, 2008
(the "CDG Consolidation"). Each shareholder of Preo will receive two (2) new
shares of Amalco for each share of Preo currently held. The Arrangement has
resulted in the conversion into common shares of all outstanding convertible
debentures and preferred shares of Preo prior to giving effect to the merger.
With the merger now completed, CDG shareholders hold an aggregate of
approximately 10,239,965 Amalco shares representing 27.3% of the Amalco shares
and Preo shareholders hold an aggregate of approximately 27,338,141 Amalco
shares representing 72.7% of the Amalco shares. The final number of Amalco
shares issued to the former CDG shareholders will be subject to the small
shareholder buy-back and fractional rounding. All Preo options now represent
options of Amalco on the same basis as the Preo shares were treated under the
Arrangement.


CDG has been listed on CNQ in Canada (trading symbol CDGI) and on the OTC
Bulletin Board in the U.S. (trading symbol CDGEF). It is initially expected that
the CNQ listing will be maintained by Amalco under the existing trading symbol,
subject to the approval of CNQ. As described in the joint information circular
relating to the Arrangement dated June 23, 2008, Amalco intends to promptly file
a notice with the SEC to terminate its reporting obligations in the U.S. and
seek to cease to be quoted on the OTC Bulletin Board.


As previously disclosed, a letter of transmittal has been mailed to the former
holders of CDG shares with instructions to such holders as to how to exchange
their CDG certificates for certificates of Amalco. In accordance with the
Arrangement, holders of less than 1,000 CDG shares (after giving effect to the
CDG Consolidation) immediately prior to the Arrangement being effective will be
receiving a cash payment in lieu of shares of Amalco.


The management of Amalco consists of Gary McCone as President and Chief
Executive Officer, Karim Teja as Chief Financial Officer, Randy Coates as Vice
President Operations, David Edmonds as Vice President Business Development, Ian
Graham as Vice President Product Management and Shameer Dada as Controller.
Shawn Abbott (Chairman), Edward J. (Ted) Redmond, Earl Everall, Nathanael (Nate)
Glubish and David Edmonds are the directors of Amalco.


About Preo

Preo is an Alberta-based print management solutions provider serving Fortune
5,000 customers in a wide variety of industries, both domestically and
internationally, operating on Windows-based systems. Preo's primary proprietary
software is called "Printelligence(TM)" which is the only print management
system that adapts itself to an organization's printing behavior, thanks to a
unique adaptive rules engine that modifies the messaging delivered to end-users
at the desktop, based on individual behavior.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy the securities of Preo in any jurisdiction, including the United
States, or to, or for the account or benefit of, U.S. persons absent
registration or an applicable exemption therefrom, nor shall there be any sale
of such securities in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such state. Such securities have not been and will not be registered under
the U.S. Securities Act, 1933, as amended, and subject to certain exemptions may
not be offered or sold in the United States or to U.S. persons.


FORWARD-LOOKING STATEMENTS

Statements set out in this news release that are not historical facts are
forward-looking statements. Forward-looking statements (often, but not always,
identified by the use of words such as "expect", "may", "could", "anticipate" or
"will" and similar expressions) may include expectations, opinions or guidance
that are not statements of fact. Forward-looking statements are based upon the
opinions, expectations and estimates of management of Preo as at the date the
statements are made and are subject to a variety of known and unknown risks and
uncertainties and other factors that could cause actual events or outcomes to
differ materially from those anticipated or implied by such forward-looking
statements. Those factors include, but are not limited to, risks, uncertainties
and other factors that are beyond the control of Preo. In light of the risks and
uncertainties associated with forward-looking statements, readers are cautioned
not to place undue reliance upon forward-looking information contained in this
news release. Assumptions relating to certain forward-looking information
contained in this news release are set out above in this news release. Although
Preo believes that the expectations reflected in the forward-looking statements
set out in this news release are reasonable, it can give no assurance that such
expectations will prove to have been correct. The forward-looking statements of
Preo contained in this news release are expressly qualified, in their entirety,
by this cautionary statement. The forward-looking statements are made as of the
date of this news release and Preo assumes no obligation to update or revise
them to reflect new events or circumstances, except as expressly required by
applicable securities law. Further information regarding risks and uncertainties
relating to Preo and its securities can be found in the disclosure documents
filed by Preo with the securities regulatory authorities (including the joint
information circular and proxy statement of Preo and CDG dated June 23, 2008,
which was filed on SEDAR on June 27, 2008), available at www.sedar.com.
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