Meridex Software Corporation (TSX VENTURE:MSC), a leading provider of IP
security and facilities management software solutions, today announced that it
has signed a definitive agreement for the sale of its IT network services
division to TimeSearch Inc.


"As evidenced from our Third Quarter fiscal 2008 results, our shift away from
reselling and providing service for other company's products towards selling our
own intellectual property is paying off." said Mr. Dion. "This sale of our IT
division not only provides us with more cash but also allows our team to focus
more tightly on developing and selling our own software helping us to build a
scalable, high margin software business and generate greater shareholder value."


In accordance with the terms and provisions of the definitive agreement, Meridex
is selling its IT services division for the aggregate consideration of $405,000,
to be paid in monthly installments of $45,000 per month commencing on June 30,
2008 on an interest-free basis.


The proposed transaction is subject to TSXV approval. No finder's fees will be
payable in connection with this transaction.


ABOUT MERIDEX

Meridex Software Corporation is a leading provider of IP security and facilities
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, Meridex is developing
intelligent IP surveillance and business optimization solutions to enable
real-time monitoring systems through wireless networks.


(C) 2008 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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