[October 07, 2008]

Cytiva Software Inc.: Cytiva Shows a 98% Increase in Year over Year Sales Contract Value for the Third Quarter

(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:07102008

Vancouver, British Columbia CANADA -- Cytiva Software Inc. (CRX - TSX
Venture, CRXFF - OTCBB_Pink_Sheets), a leading provider of on-demand
talent management software solutions, announced today that the Company
signed over $1,600,000 CDN of new contracted business for the quarter
ended September 30, 2008. The total represents a 98% increase over the
same period last year and marks the company's highest 3rd quarter sales
contract value in its history. In addition to new contracted sales,
Cytiva achieved 94% renewal revenue.

New contracted business will be reflected in the Company's third
quarter financial statements beginning October 1, 2008. Of the new
contracted business, 36% will be recognized over the next 12 months,
30% in the subsequent 24 months with the remaining 34% being recognized
over the subsequent 36-60 months.

"We are happy to have achieved our highest 3rd quarter sales number in
Cytiva history," said Jason Moreau, CEO of Cytiva Software. "Though we
are vigilant about potential future weaknesses due to economic
conditions, we believe that our Software as a Service model remains an
attractive option for companies that need to increase efficiency
without the up-front cost of perpetual enterprise software licenses."

Third quarter highlights include:

-11 new SonicRecruit customers

- 2 new one45 customers

- 2 new SonicPerform customers

- 98% year over year increase in sales contract value

-17th consecutive period of quarter-over-quarter growth

-SonicRecruit named to the Workforce Magazine Applicant Tracking System
Hotlist

-Released case study detailing client, Ocean Spray's success with
SonicRecruit

About Cytiva Software Inc.

Cytiva Software Inc. (CRX:TSX.V) provides innovative on-demand talent
management software and services to mid-sized and Fortune 500
companies. Its flagship talent acquisition 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
http://www.sonicrecruit.com.

The TSX has not reviewed and does not accept responsibility for the
accuracy or adequacy of this news release, which has been prepared by
management.

Forward-looking Statements: This news release contains forward-looking
statements related to the future financial condition and results of
operations of Cytiva. These statements are based on current
expectations and estimates about the human resources markets in which
Cytiva operates and management's beliefs and assumptions regarding
these markets. These statements are subject to important risks and
uncertainties which are difficult to predict and assumptions which may
prove to be inaccurate. Some of the factors which could cause results
or events to differ materially from current expectations include but
are not limited to: general economic conditions, market or business
conditions; changing competitive environment; changing regulatory
conditions or requirements; changing technology; and success in
implementing productivity initiatives. Some of these factors are
largely beyond the control of Cytiva. Should any factor impact Cytiva
in an unexpected manner, or should assumptions underlying the
forward-looking statements prove incorrect, the actual results or
events may differ materially from the results or events predicted. All
of the forward-looking statements made in this document are qualified
by these cautionary statements, and there can be no assurance that the
results or developments anticipated by Cytiva will be realized or, even
if substantially realized, that they will have the expected
consequences for Cytiva. Readers should not place undue reliance on any
forward-looking statements. Further, Cytiva disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events, or any other occurrence.

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

CONTACT: Cytiva Software Inc
WWW: http://www.careerexchange.com
Ian Alexander
Tel: +1 510 984 1986
e-mail: mediarelations@sonicrecruit.com
Filing Services Canada Inc
Tel: +1 403 717 3898
Fax: +1 403 717 3896
WWW: http://www.usetdas.com

((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).

Copyright ? 2008 M2 Communications Ltd.

[ Back To TMCnet.com's Homepage ]