Saugatuck Technology names Monexa a leading provider of cloud billing
solutions in recent QuickTake

VANCOUVER, March 24 /CNW/ - Monexa Technologies Corp. (TSX-Venture: MXA) ("Monexa") the leader in flexible subscription billing (http://www.monexa.com), announced today that leading SaaS analyst firm Saugatuck Technology recognized Monexa as a leading provider of cloud billing solutions (http://www.monexa.com) in a recent QuickTake. The assessment of Monexa's subscription billing solution, titled "Monexa's Cloud-Based Billing Includes Flexible Channel Support" (http://www.saugatech.com/693order.htm) was released via Saugatuck Technology's website.

Saugatuck identifies Monexa Billing (http://www.monexa.com/index.php/products/product-overview.html) as being a particularly effective recurring billing solution for larger online businesses. Monexa's unique combination of a fully integrated product catalog, flexible channel capability and telco-grade dependability enable fast new product roll-outs and short time-to-revenue.

"The Saugatuck QuickTake highlights the strength of our solution and our recently announced contract win with Pitney Bowes Business Insight confirms it," says John Jacobson (http://www.monexa.com/index.php/about-us/management.html), President and CEO of Monexa. "Monexa's cloud-based solution delivers the power of traditional on-premise software combined with the flexibility and value leadership of on-demand software."

Monexa Billing provides enterprise marketing departments the flexibility to quickly roll out new products and pricing plans and create tighter relationships with their customers through online self-service interfaces. For the finance and operations teams, Monexa Billing reduces operational costs by automating recurring billing cycles and managing global payment processing.

Monexa was previously highlighted in a Saugatuck report last year entitled, "Monetizing the Cloud: Assessing Billing and Payment Providers." (http://www.saugatech.com/661order.htm)

About Monexa

Monexa offers a flexible on-demand subscription billing solution that provides a scalable environment for expediting the launch of products, services and applications online. This accelerates our customers' time to market and revenue return.

Monexa pioneered the on-demand subscription billing space and has worked with hundreds of businesses to help monetize their services. Having the most capable and open subscription billing solution in the cloud, combined with proven billing industry expertise, sets Monexa apart from other service providers. Monexa's customers range in size from high growth SaaS and Cloud Infrastructure companies like Untangle and ActiveState to large household name companies like Pitney Bowes Business Insight, AOL Canada, Sprint, Amway and Bell Mobility. For more information visit http://www.monexa.com.

About Saugatuck Technology

Saugatuck Technology Inc. provides subscription research and management consulting services focused on the key market trends and disruptive technologies driving change in enterprise IT, including SaaS, Cloud Infrastructure, Open Source and Enterprise Social Computing. Founded in 1999, Saugatuck is headquartered in Westport, Connecticut, with offices in Santa Clara, CA and in Frankfurt, Germany. For more information, please visit www.saugatech.com, or call 1.203.454.3900.

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.

For further information: Investor Contact: John Bean, CFO, D: [phone], E: [email protected]; Media Contact: Sara Pereira, Sara Pereira: Marketing & Communications, P: [phone], E: [email protected]