Cytiva Software closes $750,000 financing

Cytiva Software Inc. (CRX - TSX Venture)(CRXFF - OTCBB_Pink_Sheets), is pleased to announce the Closing of its previously announced financing transaction with Pender Growth Fund (VCC) Inc. (the "Fund") via the sale and issuance to the Fund of a 7% Convertible Secured Debenture (the "Debenture") in the aggregate principal amount of $750,000 and 400,000 common share purchase warrants (the "Warrants").

Each Warrant entitles the Fund to acquire one common share of Cytiva at a price of $0.225 per common share for a period beginning on October 6, 2009 and ending three years from the date of Closing.

The Debenture provides that Cytiva must pay interest on the principal amount of the Debenture at a rate of 7% per year, payable in full on October 5, 2009. If Cytiva has not repaid the Debenture in full by 4:00 p.m. PST on October 5, 2009, the principal amount of the Debenture will be automatically converted into an aggregate of 3,333,333 Series 1, 7% Retractable Voting Preferred Shares of the Company (the "Series 1 Shares") and 3,000,000 common share purchase warrants exercisable into common shares of Cytiva (the "Conversion Warrants"). The Series 1 Shares may be converted one a 1-to-1 basis into common shares of Cytiva at the election of a holder of Series 1 Shares or, under certain circumstances, at the election of Cytiva after at least 2 years have passed since the issuance of Series 1 Shares. Each of the Conversion Warrants entitles the Fund to acquire one common share of Cytiva at a price of $0.40 per common share until August 27, 2012.

The Warrants issued with the Debenture shall expire and be of no further force and effect if the Debenture is automatically converted into the Series 1 Shares and Conversion Warrants.

Cytiva's obligations under the Debenture are secured by a General Security Agreement over the assets of Cytiva. Additionally, Cytiva has agreed that the Fund shall have the right to nominate at least one of the directors of Cytiva or otherwise have observers at meetings of the Board of Directors pursuant to the terms of a Nomination Rights Agreement and the right to participate pro rata in future financings of Cytiva for a period of 2 years from Closing under an Equity Participation Agreement.

The net proceeds from the financing will be used by Cytiva for working capital, provided the funds are used in compliance with section 12 of the Small Business Venture Capital Act (British Columbia).

About Cytiva

Cytiva provides innovative on-demand talent management software and services to mid-sized and Fortune 500 companies. Its flagship recruiting software product, SonicRecruit, allows corporations to screen applicants, automate recruiting departments, customize corporate career sites and hire great people. This premier applicant tracking system improves recruiting effectiveness speeding up the hiring process and reducing cost per hire. Cytiva's SonicPerform employee performance management system automates employee evaluations, aligns employees around key goals and encourages year round feedback. For more information, visit www.sonicrecruit.com.

Cytiva Software Inc

Jason Moreau

President

For further information please contact:

Cytiva Software Inc

Jason Moreau, President

Telephone: 510-295-4401

Facsimile: 208-575-4981

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.

Source: Cytiva Software Inc. (CRX - TSX-V) (CRXFF - Pink Sheets) http://www.careerexchange.com

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