Meridex Software Corporation (TSX VENTURE:MSC) a leading provider of IP security
and facilities management software solutions, today announced it has signed a
settlement agreement with Birkland Market Ventures Ltd. Under the agreement
Meridex will issue 1.2 million shares in full and final settlement of all
outstanding claims against the company including dismissal of its legal action
Birkland Market Ventures Ltd. v. Meridex Software Corporation, et al., Action
No. S077965, Vancouver Registry.


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) 2007 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.