Monexa CEO talks 'Game-changing billing' at SIIA OnDemand 2009

VANCOUVER, Nov. 17 /CNW/ - On-demand billing experts Monexa (http://www.monexa.com/) launched a new name and brand (http://www.monexa.com/pdf/NR_Monexa_Launch_October_27_2009.pdf) at SIIA OnDemand 2009 (http://www.siia.net/OnDemand/2009/). Monexa's presence at the show garnered significant attention, confirming the company's position on the cutting edge of cloud-based subscription billing. Monexa enables SaaS and Cloud companies to better monetize their services and grow their businesses faster. Monexa's industry leading product catalog (http://www.monexa.com/index.php/products/subscriptionbilling/product-catalog.html) and rating engine allow service providers the flexibility to price and package their offerings the way customers from different market segments want to buy.

"We were thrilled with the reception that the Monexa brand received at SIIA OnDemand. The conference theme of "growing revenue" produced some outstanding sessions on pricing, packaging and channel sales strategies that we see in action everyday with our customers. The event reinforced our belief that subscription billing is a critical enabler of growth for SaaS and Cloud companies," states John Jacobson (http://tweetphoto.com/ftxeah70), President and CEO of Monexa.

The name Monexa, as stated in an interview with DreamSimplicity at SIIA OnDemand (http://dreamsimplicity.com/saas-video.html?task=videodirectlink&id=200), refers to a focus on monetizing clients' online services to increase their revenue and improve their cash flow. As explained in an additional interview at SIIA (http://www.youtube.com/user/MonexaBilling#p/a/u/1/nNpJlu88xxE), Monexa provides companies with the freedom to market their services with creative pricing plans. The brand is centered on rapid and dependable monetization for any business, proving that 'game-changing billing is now possible'.

Monexa was interviewed by Novell, DreamSimplicity (http://www.dreamsimplicity.com/saas-video.html?task=videodirectlink&id=200), ZDNet France, IT Newswire, Software Insider's Point of View and SIIA (http://www.siia.net/ondemand/2009/how_pricing_can_match_your_market.asp) at the 2009 conference. Additionally, the company has received recent media attention from ITWorld (http://www.itworldcanada.com/news/getting-rid-of-that-home-brewed-billing-system/139040), Business in Vancouver and TMC.net (http://caas.tmcnet.com/topics/caas-saas/articles/67015-saas-billing-the-freemium-model-case-study.htm).

About Monexa

Monexa pioneered the on-demand subscription billing space and has worked with hundreds of businesses to help monetize their services. A deep skill-base and leadership in subscription billing sets Monexa apart from other service providers and attracts established customers North America-wide. Monexa's customers range in size from high growth SaaS and Cloud Infrastructure companies to large household name companies like AOL Canada, Sprint, Amway and Bell Mobility.

Monexa provides companies the freedom to market their services through creative pricing plans by removing barriers imposed by traditional billing and payments processes. Monexa stands for rapid, dependable monetization of all subscription services. For more information visit www.monexa.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

Forward-Looking Statements

This news release contains forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

High resolution photos and interview opportunities available.

SOURCE MONEXA TECHNOLOGIES CORP.

For further information: For further information: Investor Contact: John Bean, CFO, D: (604) 630-5657, E: ir@monexa.com; Media Contact: Sara Pereira, Sara Pereira: Marketing & Communications, P: (778) 772-3208, E: mail@sara-pereira.com

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MONEXA TECHNOLOGIES CORP.

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