PKM Preo Software Inc.

Preo Software Inc. (Preo) (TSX VENTURE:PKM), announces that it has added over
10,000 user licenses from new customers in the oil and gas and transportation
industries. Of the new additions, 25% were in the United States and 75% in
Canada; however the majority of current installations continue to be in the US.
The Company also received license renewals during the quarter from existing
customers including a large multinational OEM headquartered in the US and an oil
and gas company in Canada.


"It appears the momentum is building very rapidly. The exposure Preo has gained
and the overwhelming positive feedback we are receiving from recently added and
long term users and distributors of our technology is very encouraging" said
Gary McCone, President and CEO. 


"2011 is shaping up to be a break out year for the company. Our partners,
including Supplies Network, Toshiba America Business Solutions and Xerox
Corporation, are all bullish on the upcoming year and we are very well aligned
strategically with some of their key priorities and sales initiatives."


"I am pleased with what we achieved in 2010. Our successful entry into the
rapidly growing Managed Print Services (MPS) industry through leaders like
Supplies Network and Toshiba bodes well for our future. The fact that Preo was
mentioned in over a dozen industry articles and InfoTrends referred to the Preo
/ Supplies Network relationship as having "the ability to be a disruptive force
in the North American MPS landscape" demonstrates the impact we are having in
the industry."


About Preo Software Inc.: 

Preo Software Inc. is the market leader in providing Print Knowledge Management
Systems (PKMS) to enterprises, select OEM's, and Managed Print Services
providers around the world. Printelligence, the company's award winning flagship
SaaS (Software as a Service) offering empowers corporate clients to optimize
their print assets, reduce print volumes, all the while yielding significant
cost savings and reducing the environmental footprint.


Preo is a seven year old technology company maintaining offices in both Canada
and the United States with products deployed in over three thousand
organizations worldwide.


Printelligence(TM) MPS is a SaaS based print knowledge management system that is
licensed to select Original Equipment Manufacturers (OEM's) and Managed Print
Providers to seamlessly integrate into their MPS business processes.
Printelligence(TM) MPS is an enterprise application that empowers
knowledge-workers by promoting accountability, awareness and positive behavioral
change to maximize value and reduce the cost of print ...without negatively
affecting end-user productivity.


This press release contains certain forward-looking statements with respect to
the business and affairs of Preo and management's assessment of future sales,
plans and operations and capital expenditures and the timing thereof, that
involve substantial known and unknown risks and uncertainties and are based on
certain assumptions, certain of which are beyond the control of Preo and which
may prove to be incorrect. Such risks and uncertainties include, without
limitation, risks associated with sales, profitability, requirements for capital
to satisfy contractual obligations, the impact of general economic conditions in
Canada, the United States and overseas, changes in the software industry and
changes in laws. Actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so, what benefits, including the amount of proceeds or profits, that
Preo will derive therefrom. Investors are cautioned that the foregoing list of
factors is not exhaustive. All subsequent forward-looking statements, whether
written or oral, attributable to Preo or persons acting on its behalf are
expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements are made as at the date of this
press release and Preo does not undertake any obligation to update or to revise
any of the included forward-looking statements, whether as a result of new
information, future events or otherwise, except in accordance with applicable
laws to issue a press release in the event of a material change.

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