New pre-paid offering expands LoJack for Laptops retail presence to meet growing consumer demand

VANCOUVER, May 31, 2012 /PRNewswire/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-embedded endpoint security and management solutions, announced today that it has partnered with InComm, a leading prepaid product and transaction services company. The partnership will make it easier for consumers to purchase subscriptions to the Company's Computrace® LoJack® for Laptops software through prepaid subscription cards. Consumers are now able to purchase a 1-year standard subscription of LoJack for Laptops for $29.99 in retail stores throughout the United States.

"Our partnership with InComm capitalizes on the popularity and accessibility of gift cards to make it easier than ever for consumers to protect and secure their laptops," noted Mark Grace, Vice President of Consumer Business at Absolute Software. "InComm's impressive network of more than 250,000 retail locations, and its relationships with the world's largest retailers, will allow us to expand our retail presence beyond consumer electronics stores. This partnership will pave the way for us to support more personal technologies, including mobile phones, tablet PCs and other ultraportable devices."

LoJack for Laptops, powered by patented Computrace technology, is the industry's leading computer theft recovery solution for home users. The software gives users the power to delete data, remotely lock, and locate lost computers and provides the only managed theft recovery service to recover stolen devices.

"LoJack for Laptops offers a unique and critical value proposition to consumers. Not only does the software help track lost or stolen laptops, but the Absolute Software Theft Recovery team works with police on the customer's behalf to retrieve the stolen item," said Dave Etling, Vice President of Product Development, Content at InComm. "With a proven track record of over 24,000 recoveries in 91 countries, we're proud to partner with Absolute Software and make it easier for consumers nationwide to protect their devices."

For more information about LoJack for Laptops, or Absolute Software's wide range of theft recovery and device management solutions, please visit: http://www.absolute.com.

About InComm
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. InComm supports more than 250,000 retail locations in building prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 113 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.

About Absolute Software
Absolute Software Corporation (TSX: ABT) is the world leader in firmware-embedded endpoint security and management for computers and ultra-portable devices. Positioned in the Visionaries quadrant of Gartner, Inc.'s Magic Quadrant for Client Management Tools in 2012, Absolute's solutions -  Computrace, Absolute Manage, Absolute Secure Drive, and LoJack for Laptops -  provide organizations with actionable intelligence to prove compliance, generate fast ROI, reduce overhead, and deliver comprehensive visibility and control over all of their endpoints, anywhere, anytime. The Company's software agent is embedded in the firmware of computers, netbooks, and tablets by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software, visit www.absolute.com and http://blog.absolute.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance, functionality and availability of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

©2012 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corporation. LoJack Corporation is not responsible for any content herein. U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,087,937, # 6,244,758, # 6,269,392, # 6,300,863, # 6,507,914, # 7,818,557, # 7,818,803, # 7,945,709 and # 8,062,380. Canadian patents # 2,211,735, # 2,284,806, and # 2,205,370. U.K. patents # EP0793823, # GB2298302, and # GB2338101. German patent # 69512534. Australian patent # 699045. Japanese patent # JP4067035. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

SOURCE Absolute Software Corporation