MONTREAL -- July 10. Isacsoft Inc. (TSX-V: ISF) ("Isacsoft") announced today the completion of its amalgamation with 4468783 Canada Inc. ("BriseboisCo"), a company controlled by Ronald Brisebois, the President, Chief Executive Officer and Chairman of the Board of Directors of Isacsoft (the "Board") which was approved by Isacsoft Shareholders (the "Shareholders") on June 27, 2008 (the "Amalgamation"). As a result of the closing, the Shareholders will receive $0.33 (the "Offer Price") for each common share of Isacsoft (the "Share") they hold. Prior to the closing, Isacsoft has delivered to the depositary sufficient funds to enable the depositary to pay the Offer Price, with payment to be made as soon as practicable after closing. Shareholders who hold Shares through an intermediary should contact the latter for details on the receipt of payment for their Shares.
As a result of the completion of the Amalgamation, the Shares will no longer be traded on the TSX Exchange Venture nor be held by members of the public and will be delisted shortly hereafter.
Isacsoft is a provider of software business solutions, information technology- training and systems integration consulting to its national and international customers. The revenue model is based on software licences, recurring revenues and strategic projects targeting key customers. Isacsoft is headquartered in Montréal, Canada with offices in Paris, London, Cologne and The Hague.