Absolute Announces Its First Private Label Program



    Absolute's Computrace technology and recovery services power new solution
    from leading computer manufacturer

    VANCOUVER, July 3 /CNW/ - Absolute(R) Software Corporation ("Absolute" or
the "Company") (TSX: ABT), the leading provider of firmware-based, patented,
Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM)
solutions announced today that Absolute's first private label offering was
launched on June 30, 2008, by one of Absolute's computer manufacturer OEM
partners.

    
    Absolute's solutions offer industry-leading, unique capabilities including
the ability to:

    -   Track and effectively recover lost or stolen computers
    -   Remotely delete sensitive information from missing computers(1)
    -   Inventory computers in the field, disconnected from company networks
    -   Deliver laptop security despite end-user apathy or negligence
    -   Remotely manage software and hardware inventories
    

    According to Carter McCrary, Absolute's Senior Vice President of
Corporate Strategy, "Absolute will continue to enhance its privileged
relationships with the world's major computer manufacturers by helping to
create new, and mutually beneficial, business opportunities. The expanded
international reach and potential for increased subscription rates offered by
private label agreements make them an attractive and highly accretive addition
to our traditional channel sales go-to-market strategy."

    Built-in at the Factory

    The software-based Computrace Agent that powers Absolute Software's
solutions is embedded in the firmware of computers from the world's leading
computer manufacturers(2). Access to one of Absolute's IT asset management,
computer theft recovery and remote data protection solutions is typically
activated by customers when they purchase a subscription with terms ranging
from 1-4 years. As part of the private label offering from Absolute's partner,
a subscription will be initiated automatically.
    When a computer equipped with Computrace is reported stolen, Computrace
sends a silent signal over the Internet to the Absolute Monitoring Center
providing critical details including location information.

    Backed by the Absolute Theft Recovery Team

    All of Absolute's theft recovery solutions are backed by the efforts of
the elite Absolute Theft Recovery Team. Staffed by former senior law
enforcement officers, the team uses information sent via Computrace to
investigate computer thefts, document evidence and work with local law
enforcement to physically recover missing computers and prosecute computer
thieves.
    For more information on Absolute Software and its range of Computer Theft
Recovery, Data Protection and Secure Asset Tracking(TM) solutions, please
visit www.absolute.com or www.lojackforlaptops.com.

    (1) Certain conditions apply. Please see
    www.absolute.com/service_agreement.pdf for details.

    (2) For a complete list of firmware-supported computers visit
    www.absolute.com/BIOS.

    About Absolute Software

    Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft
Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute
Software provides organizations and consumers with solutions in the areas of
regulatory compliance, data protection and theft recovery. The Company's
Computrace(R) software is embedded in the firmware of computers by global
leaders, including Dell, Fujitsu, Gateway, General Dynamics Itronix, HP,
Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling
partnerships with these OEMs and others, including Apple. For more information
about Absolute Software and Computrace, visit www.absolute.com.

    Forward-Looking Statements

    This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, the expected performance of our services and products, possible
guarantee payment eligibility, and other expectations, intentions and plans
contained in this press release that are not historical fact. When used in
this press release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology and
general market conditions. In light of the many risks and uncertainties you
should understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.

    (C)2008 Absolute Software Corporation. All rights reserved. Computrace
    and Absolute are registered trademarks of Absolute Software Corporation.
    Computrace U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280,
    No. 5,896,497, No. 6,244,758, No. 6,269,392, No. 6,300,863, and
    No. 6,507,914. Canadian patents No. 2,284,806 and No. 2,205,370. U.K.
    patents No. EP793823 and No. GB2338101. German patent
    No. 695 125 34.6-08. Australian patent No. 699045. The Toronto Stock
    Exchange has neither approved nor disapproved of the information
    contained in this news release.

    %SEDAR: 00013849E




For further information:

For further information: Public Relations: Leslie Campisi, Affect
Strategies, leslie@affectstrategies.com, or (212) 398-9680 x144; Investor
Relations: Dave Mason, CFA, The Equicom Group, dmason@equicomgroup.com, or
(416) 815-0700 x237

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Absolute Software Corporation

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