Serenic reports third quarter results



    EDMONTON, Jan. 28 /CNW/ - Serenic Corporation (the "Company" or
"Serenic") (TSX-V:SER), an international software developer specializing in
integrated financial management and HCM solutions for Non-Profit
organizations, government agencies, and Microsoft Dynamics NAV users, is
pleased to announce its financial results for the three and nine month periods
ended November 30, 2007. Third quarter and year to date financial results are
summarized as follows:

    
    -------------------------------------------------------------------------
    Statement of        (Unaudited)                     (Unaudited)
     Operations         November 30                     November 30
     Information         (3 months)                      (9 months)
    -------------------------------------------------------------------------
                 2007        2006       %        2007        2006       %
    -------------------------------------------------------------------------
                   $           $                   $           $
    -------------------------------------------------------------------------
    Revenue    1,874,805   1,827,736  102.6%   7,783,734   5,509,155  141.3%
    -------------------------------------------------------------------------
    Income
     (loss)
     for the
     period     (322,979)   (506,748)  63.7%     407,189    (279,685) 145.6%
    -------------------------------------------------------------------------
    Basic
     income
     (loss)
     per share     (0.02)      (0.04)  50.0%        0.03       (0.02) 150.0%
    -------------------------------------------------------------------------
    Diluted
     income
     (loss)
     per share     (0.02)      (0.04)  50.0%        0.03       (0.02) 150.0%
    -------------------------------------------------------------------------
    Weighted
     average
     common
     shares
     outstan-     No.         No.                 No.         No.
      ding    15,050,370  11,632,470          13,955,299  11,632,470
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    Management is continuing with its strategy to reinvest in growth
initiatives that are expected to position the Company as a major supplier of
financial software applications to not-for-profit and public sector (primarily
government and educational) organizations world-wide. Revenue for the quarter
increased by 2.6% while the net loss for the period was reduced by 36.3%, as
compared with the same quarter in the prior year, as a result of improved
gross margin due to higher revenue and nearly unchanged operating expenses.
Year to date revenue increased by 41.3% and net earnings improved by 145.6%,
from a loss of $279,685 ($0.02 per share loss) in the prior year to net
earnings of $407,189 ($0.03 per share income) in the current year. This
occurred as a result of achieving the significant increase in revenue while
only incurring a 13.5% overall increase in operating expenses. Please refer to
the Interim Financial Statements and Management Discussion and Analysis filed
at www.sedar.com for more detailed information in this regard.
    During the quarter, another important milestone was established when
Serenic completed the sale of Navigator to the US Department of Defence, for
implementation at the transitional Government of Afghanistan. Several other
noteworthy sales were conducted by Serenic partners during the quarter,
including some high profile clients such as Joyce Meyer Ministries, one of the
larger ministry agencies operating internationally. Also, an investor
relations program was implemented to create increased awareness of the
Company, its unique relationship with Microsoft and opportunity to pursue
business world-wide in the not-for-profit and public sector markets, and to
solicit interest from and coverage by industry analysts and followers.

    Outlook

    The Company has continued to demonstrate its ability to win business
amongst the strongest competitors world-wide who supply software and services
to the not-for-profit and public sector industries. Serenic's products are
developed and ready for market, and support of these products is clearly
evidenced by the numerous leading organizations that have chosen Serenic's
products over competitors'. The Company intends to continue its growth
strategy by accelerating marketing and sales efforts in North American and
selected international markets, by increasing distributor and reseller partner
channels, and by collaborating with Microsoft and its partners to pursue
strategic deals directly.

    Forward Looking Statements

    Certain statements contained in this press release, including statements
which may contain words such as "could", "should", "expect", "anticipate",
"believe", "will", and similar expressions and statements relating to matters
that are not historical facts, are forward looking statements. Such forward
looking statements involve known and unknown risks and uncertainties which may
cause the actual results, performances or achievements of Serenic Corporation
to be materially different from any future results, performances or
achievements expressed or implied by such forward looking statements. Such
factors include, but are not limited to, software industry risks, general
business risks, foreign currency risks, economic dependence risks, and credit
risks.

    About Serenic Corporation

    Serenic Corporation publishes mission-critical software products for
not-for-profits (NFP), educational institutions and governments. The Company's
products are based on leading application and technology platforms from
Microsoft, including Dynamics NAV, SQL Server, and .NET, and are distributed
in North America and internationally through value-added resellers and a
direct sales organization. Serenic Corporation is the exclusive developer of
human resource management and payroll products for Microsoft Dynamics NAV ERP
users in North America. Serenic was named the "ISV (Industry Solutions Vendor)
Partner of the Year" by Microsoft for 2007 and is a member of Microsoft's
President Club and Inner Circle, the latter being an elite group of
sixty-seven members representing the top 1% of Microsoft partners world-wide.
Serenic has offices in Edmonton, Alberta and Denver, Colorado and staff
located throughout the USA.

    ON BEHALF OF THE BOARD OF DIRECTORS

    By: "Dwayne Kushniruk"
    Chairman
    SERENIC CORPORATION


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





For further information:

For further information: Dwayne Kushniruk, dkushniruk@serenic.com; or
Paul Johnston, CFO, pjohnston@serenic.com, Phone: 1-877-426-5385 x 509;
Investor Relations: The Howard Group Inc., Dave Burwell, Grant Howard, Toll
free: (888) 221-0915, Email: info@howardgroupinc.com, www.howardgroupinc.com

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SERENIC CORPORATION

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