Synergex Signs Term Sheet for $20 Million Credit Facility

MISSISSAUGA, ONTARIO -- Synergex Corporation ("Synergex") or (the "Company")(TSX: SYX) a premier international sales, marketing, and distribution company today announced that it has executed a Term Sheet with Callidus Capital Corporation ("Callidus") for a $20 million credit facility. Due diligence by Callidus has commenced and the Company expects the deal to close within the next four weeks.

"This financing will support and enhance the Company's liquidity as we continue to build on our success. We are pleased to be working with Callidus to ensure optimal support and growth of our business." said David Aiello, President and Chief Executive Officer.

About Synergex Corporation

Synergex is a premier international service provider of comprehensive supply chain management services in 6 countries across the Americas, specializing in distribution, licensing, sales, localization, packaging and marketing of digital entertainment products. Headquartered in Mississauga, Ontario, with operations across North, Central and South America, Synergex serves a broad base of customers that includes a number of multinational enterprises. Synergex is listed on the Toronto Stock Exchange and trades under the symbol SYX. For further information, please visit www.syx.ca.

Forward-Looking Statements

Some of the statements contained in this news release may be forward-looking statements such as the Company's future plans, objectives and goals. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties, which could cause actual results to vary considerably from these statements.

Contacts: Synergex Corporation Kevin Daniels Chief Communications Officer 905-740-3128 kevin.daniels@syx.ca Synergex Corporation David Aiello President and Chief Executive Officer 905-565-1212 david.aiello@syx.ca

SOURCE: Synergex Corporation

mailto:kevin.daniels@syx.ca mailto:david.aiello@syx.ca

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