Monexa Technologies Announces Penny Wilson has resigned as a Director

VANCOUVER, Dec. 7 /CNW/ - Monexa Technologies Corp. (TSX-Venture: MXA) today announced that Penny Wilson has resigned as a Director of the company.

Ms. Wilson left the Board in order to pursue other business opportunities. A director since 2009, she was instrumental in defining Monexa's market opportunity and assisting the Monexa team to pursue it.

"On behalf of the board and the management team, I'd like to thank Penny very much for serving as a board member. Her experience in bringing successful technology products to market has been invaluable, and we wish her all the best in her future endeavors." said John Jacobson, President and CEO of Monexa.

About Monexa

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 about Monexa Billing and the ways Monexa can help you monetize your services visit http://www.monexa.com.

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.   

For further information:

Investor Contact:
John Jacobson, CEO
D: 604.630.5661
E: [e-mail]