Serenic announces Serenic Navigator V5.0



    TSX Venture Exchange Symbol "SER"

    EDMONTON, Oct. 2 /CNW/ - Serenic Corporation (TSX-V:SER), a leading
publisher of financial management and business operations software for
nonprofit organizations and government agencies, announced today that it has
released Version 5.0 of Serenic Navigator.
    Navigator, powered by Microsoft Dynamics NAV, is Serenic's flagship
product. It combines robust core financial functionality and a full suite of
integrated industry-specific ERP applications, such as the new Serenic
AwardVision, with sophisticated Microsoft technology.
    The most significant new feature of Version 5.0 is the re-innovation of
the existing Grant Management application into Serenic AwardVision, a tracking
and monitoring system that allows users to efficiently manage the entire
lifecycle of a grant.
    AwardVision delivers the functionality needed by large, multinational
organizations that receive federal and/or private funding to perform programs
and services in many different countries and currencies. AwardVision brings
together both the structured and unstructured data for an award into a single
application. This data integration lets users easily view complex financial
information, such as total estimated award amount, sub-awards, actual
expenditures, indirect costs, and amount invoiced. In addition, compliance and
monitoring information, such as award terms and conditions, milestone
activities, and funding restrictions, is easily monitored with AwardVision.

    
    Other new features of this major release include:

    -   Tighter integration with Microsoft products through Outlook
        synchronization and the use of Word and Excel stylesheets;

    -   New payroll functionality, including a "create employee wizard,"
        error trapping in the calculation process, and new journal displays;
        and

    -   Improved online help, with a link to provide documentation feedback.
    

    "In addition to the major application enhancements of Navigator 5.0, we
spent considerable time and effort optimizing the underlying code to increase
performance and minimize the amount of locking during certain processes," said
Donna Smiley, Serenic's vice president of product management. "Extensive
analysis of major ledger tables resulted in the elimination or reorganization
of keys in order to gain better performance and reduce overall database size.
Initial testing has shown dramatic performance increases, which we believe
will greatly strengthen the overall client experience."

    About Serenic Corporation

    Serenic Corporation is an industry-leading publisher of mission-critical
software products that satisfy the unique and sophisticated functionality
requirements of nonprofit organizations, educational institutions, and
government agencies.
    Built on Microsoft Dynamics NAV, Serenic's products deliver fully
integrated solutions that can, in many organizations, eliminate the need for
multiple third-party business applications.
    A Microsoft Gold-certified Industry Solutions Vendor, the Corporation's
products include the highly acclaimed Serenic Navigator(*), Serenic DonorVision,
Serenic MinistryView, Serenic AwardVision, Serenic CommunityCare, and Portals.
In addition, the Corporation is the exclusive developer of the human resources
and payroll products for Microsoft Dynamics NAV users in North America.
    Serenic Corporation is a public company with offices in Edmonton, Alberta
and Lakewood, Colorado. It trades under the symbol "SER" on the TSX Venture
Exchange in Canada. Additional information about the Company is available at
www.serenic.com.

    Editor's Notes:

    Serenic Corporation was named the 2007 Microsoft Dynamics ISV of the
    Year.

    Serenic Corporation was named a member of the Microsoft Dynamics Inner
    Circle and President's Club for 2007.

    (*)Serenic Navigator has achieved a 5-star rating from CPA Technology
    Advisor for six straight years (2001 - 2006) and the product was selected
    in December 2006 by Accounting Today as one of the industry's Top 100
    Products for the third straight year.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    Company and product names mentioned herein may be trademarks and/or
    registered trademarks of their respective owners.

    ON BEHALF OF THE BOARD OF DIRECTORS
    By Randy Keith
    President and CEO, Serenic Corporation
    (303) 980-6007





For further information:

For further information: EDITORIAL CONTACT: Peter Masi,
pmasi@serenic.com, (877) 737-3642, Ext. 119

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SERENIC CORPORATION

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