MSC Millennium Silver Corp

Meridex Software Corporation ("Meridex") (TSX VENTURE:MSC), a provider of IP
security and facilities management software solutions, today announced that it
has signed a non-binding letter of intent for the sale of its IT network
services division to TimeSearch Inc. Matt Dion, CEO and President of Meridex, is
also a director of TimeSearch Inc.


"The IT services is a healthy and profitable division," said Mr. Dion. "We have
used the profits generated from this division as the backbone to fund investment
into our security software division. As we move from a primary focus on research
and development toward commercialization, we now intend to sell the IT division
in order to strategically focus our resources into this division which holds the
greatest potential for future shareholder value."


In accordance with the terms and provisions of the LOI, Meridex is proposing to
sell its IT services for the aggregate consideration of approximately $405, 000,
payable as to $5,000 on the completion of the disposition and the balance 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 financial and legal due diligence,
execution of a definitive asset purchase agreement and TSX Venture Exchange
approval. No finder's fees will be payable in connection with this transaction.


The parties intend to negotiate a definitive asset purchase agreement within the
next 30 days.


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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