Amadeus Discloses the Results of its Third Quarter of Fiscal 2008 and Communicates its Short Term Strategy

    QUEBEC CITY, May 30 /CNW Telbec/ - Amadeus International Inc.
(TSX-V: Aii), a pioneer and leading provider of Enterprise Quality and
Compliance Management software solutions, today announced its results of its
third quarter ended March 31, 2008.
    Amadeus' revenues have decreased by 52% to $243,127 for the quarter ended
March 31, 2008, compared with $501,623 for the corresponding period last year.
For the first nine months of fiscal 2008, revenues have decreased by 36% to
$980,421, compared with $1,539,436 for the same period a year earlier. The
Company incurred a net loss from Continuing Operations of $457,383, or
$0.02 per share in the third quarter of fiscal 2008, compared to a net loss
from Continuing Operations of $ 550,609 or $0,31 per share post consolidation
in the corresponding quarter.
    "Despite the cost containment measures put in place over the last few
quarters, the relative weakness of revenues of the last quarter and the last
9 months does not make the use of the going concern basis appropriate, ", said
Yves Leblanc, President and CEO of Amadeus International. "Management also
observed the emergence of consolidation activities in the Governance, Risk and
Compliance software market throughout the world. Consequently, over the last
months, the Company has engaged into discussions with several companies to
evaluate one or multiple business combinations, the sale of the Company or its
assets. The Company is also discussing with financial partners to solidify its
financial structure, mainly its short term financial position. It is
impossible at this time to project the results of these initiatives and there
is no assurance that the expected results from these initiatives will
materialize." added Mr. Leblanc.-------------------------------------------------------------------------
    (Canadian dollars)                                      Quarters ended
                                                               March 31,
                                                           2008        2007
                                                            $           $
    -------------------------------------------------------------------------
    Revenues                                             243,127     501,623
    -------------------------------------------------------------------------
    Gross profit                                         134,245     329,047
    -------------------------------------------------------------------------
    Net loss from continuing operations                 (457,283)   (550,609)
    -------------------------------------------------------------------------
    Net earnings from discontinued operation              (2,400)          -
    -------------------------------------------------------------------------
    Net loss                                            (457,383)   (550,609)
    -------------------------------------------------------------------------
    EBITDA(*)                                           (400,794)   (452,798)
    -------------------------------------------------------------------------
    (*) Definition of EBITDA: Earnings (loss) before financial expenses,
        income tax on earning and amortization. EBITDA is presented as an
        additional measurement of earnings in order to assist the reader to
        establish the Company's ability to generate cash from activities and
        to acquit its financial charges. It is also an indicator generally
        used for purposes of evaluation. Canadian generally accepted
        accounting principles give no standard interpretation to this
        measurement and it cannot therefore be compared to similar
        measurements used by other enterprises. For the quarter ended on
        March 31 , 2008, the $459,428 loss before financial expense is
        adjusted with the amortization charge of $58,634, resulting in an
        EBITDA of ($400,794)

    Current assets amounted to $587,131 as at March 31, 2008, versus
$1,363,410 as at June 30, 2007. Current liabilities totalled $945,741 as at
March 31, 2008, versus $919,389 as at June 30, 2007. The decrease in assets
mostly results from the used of cash to finance operating activities.About Amadeus International

    Amadeus International is a pioneer and leading provider of Enterprise
Quality and Compliance Management software solutions. For over 14 years,
customers in the Life Sciences, Manufacturing, Financial Services and other
industries have automated their compliance and quality processes using Amadeus
software platforms. Its flagship product, eQCM(R), offers an integrated and
very cost effective solution for enterprise governance, risk management,
quality and compliance management. More information on Amadeus and eQCM(R) can
be found at www.amadeussolutions.com.

    The information set forth in this press release includes certain
forward-looking statements. Such statements are based on assumptions exposed
to major risks and uncertainties. Although Amadeus deems the expectations
reflected in these forward-looking statements to be reasonable, the Company
cannot provide any guarantee as to their materialization. The TSX Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.

For further information: Isabelle Rivoal, Marketing and Communications
Director, [phone], ext. 2231, [e-mail]