EDMONTON, Jan. 28 /CNW/ - Serenic Corporation (the "Company" or
"Serenic") (TSXV: SER), an international software developer specializing in
integrated financial management and HCM solutions for not-for-profit
organizations (NFP), government agencies, and Microsoft Dynamics NAV users, is
pleased to announce that the Company's common shares have been accepted for
trading on the Frankfurt Stock Exchange under the ticker symbol "5S5.F". The
International Security Identification Number (ISIN) number is CA8175021077.
The Frankfurt Stock Exchange (FWB) is one of the world's largest trading
centres for securities. Operated by the Deutsche Boerse AG, FWB as the largest
of all Germany stock exchanges is responsible for approximately 90 percent of
the securities trading volume in Germany. The Frankfurt Stock Exchange
facilitates advanced electronic trading, settlement and information systems
and enables cross-border trading for international investors.
Close Brothers Seydler AG, one of the leading German securities houses,
facilitated the Frankfurt listing and will also act as the Company's market
maker on the Frankfurt Stock Exchange. Since 2005, Seydler has been part of
the Close Brothers Group, a London-based merchant bank established in 1878.
This organization now ranks amongst the top 200 companies listed on the London
Stock Exchange, with market capitalisation of nearly 2 billion Euro. More
information can be found on their respective websites at
http://www.cbseydler.com/ and http://www.closebrothers.co.uk.
Dwayne Kushniruk, Chairman of Serenic, stated, "The Frankfurt listing
marks a further step in the company's evolution. Our global business
development strategy is accompanied by a commitment to our investors to
facilitate trading and, over time, enhance the liquidity of our common shares.
There is established interest and expertise in Frankfurt in technical and
high-growth companies, and Frankfurt, as well as being a major global
financial centre, has the benefit of being located in the Eurozone."
Randy Keith, CEO and President of Serenic, added, "This is one of many
initiatives we are taking to increase market awareness for our Company and
value for our investors. Several potential European investors have suggested
that a Frankfurt listing will make it easier for them to invest in our
Company. In addition, these potential investors contribute two important
aspects to the table - those are, they tend to have reputations of being
long-term investors, and they have an interest in helping us to distribute our
products in Europe, which with more than 400,000 NFP organizations based in
Europe, could emerge as one of Serenic's most important markets in the future.
Serenic's products are based on Microsoft's Dynamics NAV ERP technology, which
is leading edge technology, highly functional, and extremely well suited for
international use. These are highly desirable factors considered to be
important by larger international NFP organizations whose requirements include
multi-language and multi-country support for the software, as well as easy
access to local experts. Serenic is the only ERP supplier to the NFP markets
world-wide whose products so closely align with such requirements", he
About Serenic Corporation
Serenic Corporation develops, markets and supports mission-critical fund
accounting software solutions for not-for-profit organizations and government
agencies. In addition, Serenic is the exclusive developer of the human
resources and payroll products for Microsoft Dynamics NAV ERP users in
North America. The Company's products are based on leading application and
technology platforms from Microsoft, including Dynamics NAV, SQL Server, and
.NET. Serenic is a member of Microsoft's Inner Circle, an elite group of
67 members representing the top 1% of Microsoft partners world-wide. Serenic
has offices in Edmonton and Denver and staff located throughout the USA.
ON BEHALF OF THE BOARD OF DIRECTORS
By: "Dwayne Kushniruk"
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
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, email@example.com; Randy
Keith, firstname.lastname@example.org; or Paul Johnston, CFO, email@example.com,
Phone: 1-877-426-5385 x 509