(Not for Dissemination in the United States of America).

PREO SOFTWARE INC. (the "Corporation") (TSX VENTURE:PKM). The Corporation
announces that it is insolvent by virtue of its inability to secure additional
working capital. Consequently, the Corporation will be ceasing business
operations today and terminating all staff. All officers and directors of the
Corporation have resigned.
Preo Software Inc. (TSXV:PKM)
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