updated 10/13/2010 5:15:17 AM ET 2010-10-13T09:15:17

TORONTO, Oct. 12, 2010 (GLOBE NEWSWIRE) -- Degama Software Solutions, Inc. (Pink Sheets:DGMA) is pleased to announce today that it has secured a contract with Absoluta Imóveis (AI), the highly regarded Real Estate Brokerage firm in Rio Grande de Norte, Northern Brazil. Degama entered into LOI with the firm last month and has solidified an Agreement with AI which includes real estate listings for several firms via smartphone technology.

"The success we're cultivating in Brazil is satisfying to say the least," states Degama Software CEO Seijin Ki. "Brazil, both North and South, is a very large market and one of the world's most progressive. The real estate market is booming in Brazil and our goal with strategic partnerships here is to pioneer a uniform/standardized means of displaying real estate listings on a smartphone. We are assured that the opportunity is here for the taking, which would position us well to become a leading competitor for real estate smartphone app development and geolocation integration."

Degama is currently in discussion with a number of real estate firms in Brazil via its strategic alliance and is confident that it will secure a good percentage of firms for contracts, creating a new 'must-have' for real estate firms, both large and small, to effectively monetize their business model and attract a reliable consumer base.  

One such firm with which Degama has entered discussions is a large real estate business in Sao Paulo. Degama anticipates an LOI with Agreement to follow in the very near future. 

About Degama Software Solutions, Inc.

Degama Software Solutions, Inc. is a leading edge technology company that develops and markets proprietary location based software solutions and applications for consumers and businesses. Degama Software Solutions, Inc. is a publicly listed company (Pink Sheets:DGMA)

Degama Software Solutions Inc. (Degama) markets and builds applications, or "apps" to make it simpler and more enjoyable for people to share information and get things done together. In a vast world, Degama helps people navigate through their days and travels while at the same time staying connected to their friends, family and the world.

Degama is committed to developing and delivering the best products. As mobile devices become increasingly central to people's lives, we work hard to help you get the information you need when you are on the go. For more information about Degama Software Solutions, please visit www.degamasoftwaresolutions.com

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, the ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Release Prepared by NMR, LLC

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