Synergex Announces Fourth Quarter and Year End Results

MISSISSAUGA, ONTARIO, Mar 31 (MARKET WIRE) --
Synergex Corporation (TSX: SYX) ("Synergex" or the "Company"), a leading
provider of integrated logistics and distribution services, today
announced its financial results for the fourth quarter and year ended
December 31, 2007. Gross profit in the fourth quarter was $13.8 million,
an increase of 24.7% compared to gross profit in the same quarter in the
prior year.

Sales in the quarter were $117.7 million up 40.6% over the prior year's
sales of $83.7 million in the same period. With only several months of
operations in each Latin American country, the Company's Latin American
sales were $9.3 million.

Sales for the year ended December 31, 2007 were $203.7 million up 15.7%
over the prior year's sales of $175.9 million.

The net loss for the forth quarter was $236,000 compared with a net
profit of $1.5 million in the prior year. The net loss for the year ended
December 31, 2007 was $94,000 compared with a net profit of $3.4 million
in the prior year. EBITDA for the year was $1.9 million, a decrease of
66.2% as compared to the prior year.

This result was due, in part, to short term gross margin compression
during the quarter due to dealing with the Canadian and US dollar parity,
and to increases in operating expenses from start-up, professional,
operating and investment costs required to open four new distribution
centres in Latin America. These costs are substantially completed and the
Company expects these costs will be considerably reduced in 2008.

"We are constantly working to grow our customers' business volume and to
help them achieve their sales and service goals faster and better than
our competition." said David Aiello, President and CEO of Synergex
Corporation. He added, "While we have expanded our domestic operations,
we see Latin America as a key growth area for our enhanced distribution,
fulfillment and logistics services."

As was previously announced in December 2007, Synergex closed a $17
million long term fixed rate senior secured loan from Integrated Asset
Management Corp. (IAM) and its private corporate debt group, Integrated
Private Debt Corp. (IDP). The proceeds are intended to fund general
corporate needs, future strategic acquisitions, and ongoing growth in
Latin America.

The Company expects to grow its core Commercial Gateway business in the
upcoming years through the acquisition of new customers, the providing of
new services, and the expansion of the Company's proven business model
into the emerging Latin American markets. The Company will be developing
a strategic plan for the non-core Business Services operations in 2008
with the objective of maximizing profitability for the Company's
shareholders and providing optimal service for its customers.

About Synergex Corporation

Synergex is a Canadian based international integrated logistics company
providing distribution, freight forwarding and logistic services under
its Commercial Gateway business group. It is among the largest
distributors of video games, game consoles, portable units, and
accessories in Canada.

In 2007, the core Commercial Gateway logistics and distribution
operations represents 97% of the Company's total revenue. Product lines
are being expanded to include other licensed products related to video
games or their license owners, taking advantage of the wide range of
products originating from movies, home entertainment and licensed
characters often included within, or resulting from, the creation of
video games.

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.

The Company will hold a conference call with investors on Monday, March
31, 2008 at 3:00pm (EST). The conference call, hosted by David Aiello,
President and Chief Executive Officer; Nick Blasutto, Chief Financial
Officer; Eric So, Vice-President, Corporate Strategy; and John L. Smith,
Senior Vice President who will discuss the Company's financial results
for the fourth quarter, year end, and its outlook for future periods. To
access the investor conference call, please dial 416-644-3416 or
1-800-732-9307. A live web cast of this call will be available in the
Investor Relations section of the Company's website at www.syx.ca.

A recording of the conference call will be available as of 5 p.m. EST the
same day, until midnight April 7, 2008. To access the recording, dial
416-640-1917 or 1-877-289-8525, followed by the pass code 21267027#. An
archived recording of the web cast will remain available on Synergex'
website until the next quarterly financial results conference call.

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.

Additional financial information is provided in the Company's financial
statements and management's discussion and analysis for the most recently
completed financial year. These documents and other additional
information relating to the Company are available on the System for
Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and
in the Investor Relations section of the Company's website at www.syx.ca.

Contacts:
Synergex Corporation
David Aiello
President & CEO
(905) 565-1212
Website: www.syx.ca

NATIONAL Public Relations
Greg Bewsh
Vice President, Investor Relations
(416) 848-1709

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