TORONTO, May 9 /CNW/ - Pala Investments Holdings Limited ("PIHL") announced today that it has acquired, through the facilities of The Toronto Stock Exchange, ownership of an aggregate 3,036,700 common shares of Gemcom Software International Inc. ("Gemcom"). This acquisition increases PIHL's share ownership in Gemcom to 9,352,500 common shares representing, to the knowledge of PIHL, 17.50% of the issued and outstanding shares of Gemcom. PIHL has acquired the shares for investment purposes only. PIHL may acquire additional securities if they become available at prices that are attractive to PIHL.