Municipal Solutions Grants Incentive Stock Options
Victoria, British Columbia, June 27th 2006-Municipal Solutions Group, Inc. ("Municipal Solutions") (TSX Venture: MSZ), a provider of business process automation solutions for government, granted incentive stock options to Directors and Officers of the Company to purchase a total of 1,533,391 common shares of the Company under the Company's 2005 Stock Option Plan (the "Plan") with an expiry date of June 26, 2011 and an exercise price of $0.40 per share. The options vest over four years in even amounts every six months. On June 6, 2006 at the Annual General Meeting of Shareholders the shareholders approved an amendment to the Plan increasing the maximum number of Common shares issuable under the Plan to 2,302,337.
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About Municipal Solutions Group Inc.
Municipal Solutions Group Inc was formed in January 2002 as the public financing arm for Municipal Software Corporation.
About Municipal Software Corporation
Municipal Software Corporation (TSX-V:MSZ) provides easily installed, packaged software solutions that manage the everyday business processes of local governments. The solutions are based on 24 years of experience with a product platform that easily adapts to the changing practices of clients. Branded under the CityView name, the company provides a number of out of the box solutions automating practices in Property Information, Permits and Inspections, Planning, Code Enforcement, Licensing and Cashiering. CityView Application Builder is a set of application development tools that allows the client to develop unique applications to match specific needs. Municipal Software offers a complete range of services from training and customer support of its suite of products to custom development for unique applications.
Forward-Looking Statements
Certain statements in this news release are not historical and may constitute forward-looking statements reflecting Municipal Solutions Group Inc's current expectation in the local government sector. These statements are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to be inaccurate and may differ materially from actual events or results.
Contacts
If you would like to be included on our regular distribution please email us at Press@MunicipalSoftware.com or fax to (250) 475-6080.
For further information please visit www.MunicipalSoftware.com or contact Iain McLean at 1-800-665-5647 or IMcLean@MunicipalSoftware.com.
