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Business Services Industry

New Mexico Software Announces First Quarter 2008 Financial Results

Business Wire, May 14, 2008

ALBUQUERQUE, N.M. -- Please replace the release dated May 13, 2008 with the following corrected version due to multiple revisions.

The corrected release reads:

NEW MEXICO SOFTWARE ANNOUNCES FIRST QUARTER 2008 FINANCIAL RESULTS

New Mexico Software, Inc. (OTCBB:NMXC), a leading provider of Internet based business and medical services, today announced financial results for the first quarter ending March 31, 2008. It is reported that the net loss for the first quarter was reduced by 57%, to $73,000 from $168,000 in the first quarter of 2007.

First Quarter Highlights

* A marginal decrease of 2% in revenue to $235,000 for the first quarter of 2008, as compared to $240,000 for the first quarter of 2007.

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* An increase of 39% in software usage fees, primarily due to a 37% increase generated by our medical solutions.

* A 4% decrease in gross profit to $161,000 for the first quarter of 2008 as compared to $167,000 gross profit for the first quarter of 2007.

* A decrease of $106,000 in operating costs and expenses.

About New Mexico Software, Inc.

New Mexico Software, Inc. is a leading services provider of information management solutions that significantly improves the interface between the paper world and the digital world, facilitating a true paperless environment. For more information, visit http://www.nmxc.net or http://www.nmxs.com, or contact Dick Govatski, president and CEO, at 505-255-1999 or ceo@nmxs.com.

An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/profile/nmxc.cfm. For an online investor relations kit, visit http://www.hawkassociates.com or http://www.americanmicrocaps.com. For more investor-related questions, contact Frank Hawkins, Hawk Associates, at 305-451-1888 or New.Mexico.Software@hawkassociates.com. To subscribe to future releases via e-mail alert, visit http://www.hawkassociates.com/about/alert/.

The foregoing press release contains forward-looking statements including statements regarding the company's expectation of its future business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements.

Business Services Industry

New Mexico Software Announces First Quarter 2008 Financial Results

Business Wire, May 14, 2008

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