Toronto (canadaTECH.INFO) – January 11, 2008 - Angoss Software Corporation (TSX-V: ANC) announced today its share consolidation plan has been approved by shareholders at a special meeting held on January 3, 2008. The

Subject to the approval of The Toronto Venture Exchange, the effective date will be January 21, 2008 with the consolidation on January 19, 2008 and the post-consolidation split on January 21, 2008.

Angoss said it currently has outstanding approximately 40 million common shares. Approximately 6,000,000 or 15% of these shares are held by an estimated 3,500 shareholder accounts, representing an average of approximately 1,750 common shares per holder.

The basis of consolidation will be 7,500 common shares for 1 common share. Holders of less than 7,500 shares who do not elect to increase their holdings to above 7,500 common shares prior to January 19, 2008 would receive a cash payment of $0.18 per common share, being the weighted average trading price of the common shares during the 45 day period preceding October 11, 2007, the date of announcement of the share consolidation plan.

Up to a maximum of 6 million common shares will be cancelled and a reduction of up to 80% in the number of current Angoss shareholder accounts will be achieved.

Under the approval, Angoss Software reserves the right to terminate the consolidation plan for any reason, up to the time of filing the articles of amendment giving effect to the consolidation plan.

Toronto based Angoss is a developer of data mining and predictive analytics systems. Angoss has offices in the UK and Australia.