MXA Monexa Technologies Corp

VANCOUVER, May 24, 2011 /CNW/ -- VANCOUVER, May 24, 2011 /CNW/ - Monexa Technologies Corp. (TSXV: MXA), ("Monexa"), the leader in flexible subscription billing, today announced it has engaged SectorSpeak Inc ("SectorSpeak") to provide investor relations services.  SectorSpeak, owned and operated by Mr. Hogan Mullally, is a Canadian capital markets consulting firm focused on the technology, clean tech, and life sciences sectors. "With the number of new customers we have recently added and our growing pipeline of opportunities and prospects, we feel the time is right to get active telling our story to new investors.  Furthermore we sense that investors are returning to technology and more importantly towards growing Cloud or SaaS based businesses such as ours, so we feel the potential audience for our story is growing," commented Garth Albright, Monexa's Chief Financial Officer.  "By bringing on SectorSpeak, a company focused on communicating technology based stories, we believe we have the right advocate to open doors with the right investor audience." Under the terms of the service agreement, SectorSpeak Inc., will receive 400,000 options ("Options") to purchase Monexa common stock at a price of $0.115.  The Options will vest over a one-year period and have a term of five years.  Once Monexa has completed a financing raising gross proceeds of a minimum of $1.5 million, SectorSpeak will receive a monthly retainer of $2,500 and an additional 200,000 options ("Additional Options") to purchase Monexa common stock at a price to be determined.  The Additional Options will vest over a one-year period and have a term of five years. SectorSpeak is at arms length to Monexa and neither it or Mr. Mullally hold an equity position in the company. This agreement is subject to exchange approval. About Monexa Technologies Corp. 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. 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/24/c7120.html p bInv/bbestor Contact: /bbr/ Garth Albright CFObr/ D: 604.630.5657br/ E: a href="mailto:ir@monexa.com" cr="true"ir@monexa.com/a /p

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