Sale of Facilities Management Division Will Give Meridex Tighter Focus on Its 3Csafe IP Security Software Business

Meridex Software Corporation (TSX VENTURE:MSC), a leading provider of IP
security and facilities management software solutions, today announced that it
has signed a letter of intent for the sale of its Facilities Management Software
division to Robert Stephen Consulting, LLC (RSC).


"This sale of our FM division not only provides us with more cash but also
allows our team to focus more tightly on developing and selling our new IP
security software helping us to build a scalable, high margin software business
and generate greater shareholder value", said Mr. Darren Nicholls, President and
CEO of Meridex Software Corporation.


The proposed transaction is subject to TSX approval.

ABOUT MERIDEX

Meridex Software Corporation is a leading provider of IP security and emergency
management software solutions. Meridex enables educational institutions,
government, hospitals, retail and corporate enterprises to manage, monitor, and
optimize security and facilities management systems. Specializing in
highly-integrated building security, camera monitoring, HVAC and lighting
controls that operate based on industry standards. Additional information can be
found at http://www.meridex.com and http://www.3csafe.com.


ABOUT ROBERT STEPHEN CONSULTING, LLC (RSC)

RSC is a top Corporate Real Estate and Asset management consulting company
specializing in providing solutions to their clients' challenges. RSC answers
these challenges utilizing many Integrated Workforce Management System (IWMS)
solutions coupled with RSC's own SpaceView product line making them a leader in
new web-enabled technology that allows their clients to view solutions
graphically. RSC is also a leader in enabling applications and solutions on PDA
devices providing new solutions in many areas of operations. Additional
information can be found at www.rsc2lc.com.

Millennium Silver (TSXV:MSC)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024