Meridex Software Corporation (TSX VENTURE:MSC), a leading provider of IP
security and facilities management software solutions announced today that in
light of tough economic conditions, it is restructuring the leadership team and
refocusing its efforts to improve operational efficiencies and preserve cash. It
is also migrating its security software division towards a SAAS (Software as a
Service) model to improve margins and lower customer acquisition costs.


"With the drastic and sudden downturn of the global economy, it has become
extremely difficult to raise capital and grow revenues," said Matt Dion,
Chairman of the Board, Meridex Software Corporation. "As a result we have made
the necessary adjustments to align our expenses with our revenue projections and
allow us to deliver our new product 3CSAFE to the market in a more profitable
manner."


Effective immediately Matt Dion will assume the Chairman of the Board position.
He will still be actively involved in the business helping guide the strategic
direction and corporate development. Dave Hallmen will step down as Chairman and
remain as an independent director. Darren Nicholls, who has been the Chief
Operating Officer, is being promoted to President and CEO.


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. 3CSAFE, 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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