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WELLPOINT SYSTEMS INC. ANNOUNCES CLOSING OF ASSET SALE AND PURCHASE AGREEMENT WITH ECLIPSE COMPUTING (AUSTRALIA) PTY LTD

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^{Published in Science and Technology on Friday, March 11th 2011 at 4:41 GMT by Market Wire}  

CALGARY, March 11 /CNW/ - WellPoint Systems Inc. ("WellPoint" or the "Company") (TSXV: WPS) announces that Ernst & Young Inc., in its capacity as court appointed receiver and manager of WellPoint (the "Receiver"), has closed an asset sale and purchase agreement with Eclipse Computing (Australia) Pty Ltd. (the "Purchaser") whereby the Receiver sold WellPoint's DAXEM Computer Software and certain related assets (collectively, the "Assets") to the Purchaser (the "Purchase Agreement").  The purchase price to be paid by the Purchaser to the Receiver for the Assets, exclusive of GST/HST, is USD $717,062.47.   

About WellPoint Systems Inc.

WellPoint Systems delivers software solutions and services that transform complex data into Business Insight for more than 450 companies in 60 countries worldwide. WellPoint Systems is recognized as a leader in providing Financial, Energy Marketing and Trading solutions to the Oil and Gas industry with its award winning BOLO, IDEAS, Energy Financial Management and Energy Broker products. 

Founded in 1997, Calgary-based WellPoint Systems is publicly traded on the TSX Venture Exchange under the symbol WPS.  Visit [ www.wellpointsystems.com ] or [ www.ey.com/ca/wellpoint ] for more information.

This document contains forward-looking statements. Some forward looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. The statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, successful completion of the Sales Process, any Superior Offers, restructuring plans, technical or manufacturing or distribution issues, the competitive environment for the Company's products, the degree of market penetration of the Company's products, and other factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.