Shareholders of Intrinsyc Software International, Inc. Requisition Shareholders' Meeting to Replace Board

TORONTO, Dec. 10, 2012 /CNW/ - Daniel S. Marks announced today that he and other clients of Stonehouse Capital Management Inc. who are shareholders of Intrinsyc Software International, Inc. (the "Corporation"), collectively holding more than 5% of the issued common shares of the Corporation, have today sent a requisition to the Corporation and its directors pursuant to section 143 of the Canada Business Corporations Act requesting that the Corporation's directors call a special meeting of the Corporation's shareholders for the purpose of removing from office all of the existing directors of the Corporation and electing new directors in their place.

Further information regarding the intended reconstitution of the Corporation's board of directors, and the new proposed director nominees, will be set forth in a proxy circular which will be filed with Canadian securities regulators in due course.

SOURCE: Stonehouse Capital Management Inc.

For further information:

Daniel S. Marks, CFA
Stonehouse Capital Management Inc.
416-907-6908 (telephone)
dmarks@stonehousecapital.com (email)