Monexa Technologies Corp. Reports Q3 2009 Results
For the three months ended
John continued, "Monexa is at a comparable early point in marketing its subscription billing on-demand service. Monexa Billing is a capable and competitive monetization platform for subscription businesses. Now we're ramping up our marketing and selling expenses to build our portfolio of long-term business. In 2009 we've signed new contracts with SaaS software companies, Cloud Computing companies, traditional software companies and more than one media business. We began with a vision to deliver monetization for SaaS and Cloud Computing companies, but we're seeing increasing interest from other vertical markets. We believe that subscription billing is an excellent opportunity in a growing market that will be the key source of Monexa's future value."
About Monexa
Monexa pioneered the on-demand subscription billing space and over the past 11 years has worked with hundreds of businesses to help monetize their services. Monexa's monetization platform removes the barriers imposed by traditional systems and plugs directly into a client's finance, marketing and operations, enabling them to run their subscription business their way. Monexa operates out of
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: Contact: John Bean, CFO, D (604) 630-5657, E [email protected]
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