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  • Innuity
    Delivering positive cash flow from operations has continued to be our focus and we are pleased with our performance during the period said John Wall Innuity Chairman and CEO Our improved financial performance will allow us to expand our focus on integrating our sales efforts across our divisions to better acquire and service our small business customers About Innuity Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and facilitates minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This release contains information about management s view of Innuity s future expectations plans and prospects that constitute forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 Actual results may differ materially from those indicated by these forward looking statements as a result of a variety of factors including but not limited to risks and uncertainties associated with our ability to develop or offer additional internet technology applications and solutions in a timely and cost effective manner If we are unable to develop license acquire or otherwise offer through arrangements with third parties the additional services that our customers desire or if any of our existing or future relationships with these third parties were to be terminated we could lose our ability to provide key internet technology solutions at cost effective prices to our customers which could hinder our ability to introduce new products and services and could cause our revenues to decline In addition we have incurred losses since our inception and we may not achieve or maintain profitability We will need additional funding to support our operations and capital expenditures which may not be available in amounts or terms acceptable to us If adequate additional funds are not available we may be required to delay reduce the scope of or eliminate implementation of material parts of our business strategy Additional risks and uncertainties include our financial condition and those other risk factors described in our quarterly reports on Form 10 QSB our annual report on Form 10 KSB and other documents we file periodically with the Securities and Exchange Commission Non GAAP Financial Information To supplement Innuity s consolidated financial statements presented in accordance with GAAP and to provide clarity internally and externally Innuity uses Adjusted EBITDA which is a non GAAP measure of financial performance Adjusted EBITDA is calculated by reducing net losses computed in accordance with GAAP for interest expense income taxes depreciation amortization and share based payments

    Original URL path: http://innuity.com/page/1n1z0/News_2007/November_14_2007.html (2016-01-08)
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  • Innuity
    the vista com domain name and VISTA trademark represents a win win for both Innuity and VistaPrint said John Wall Innuity chairman and CEO Innuity gains a revenue return for assets no longer relevant to our day to day business and VistaPrint now owns properties with long term upside potential to its business About Innuity Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and requires minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This press release contains forward looking statements and information within the meaning of the Private Securities Litigation Reform Act of 1995 about our financial results and estimates business prospects new products and products under development all of which involve substantial risk and uncertainties For example our business depends in part on the market s adoption of our new product offerings and our ability to increase our selection of value added Internet technology applications and solutions through either internal development or agreements with third parties Our business will be harmed if our new product offerings are slow to be adopted or if we are unable to develop or offer additional Internet technology applications and solutions in a timely and cost effective manner To expand our Internet technology solutions offerings we may need to license or acquire other

    Original URL path: http://innuity.com/page/1n1yz/News_2007/November_13_2007.html (2016-01-08)
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  • Innuity
    the value of our Creditdiscovery technology and software which we acquired late last year said Doug Merryman president of Innuity s Merchant Services business line We are excited to see this positive market acceptance of our technology s potential and look forward to continuing to explore ways to leverage our strong technology assets About Innuity Inc Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and requires minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This press release contains forward looking statements and information within the meaning of the Private Securities Litigation Reform Act of 1995 about our financial results and estimates business prospects new products and products under development all of which involve substantial risk and uncertainties For example our business depends in part on the market s adoption of our new product offerings and our ability to increase our selection of value added Internet technology applications and solutions through either internal development or agreements with third parties Our business will be harmed if our new product offerings are slow to be adopted or if we are unable to develop or offer additional Internet technology applications and solutions in a timely and cost effective manner To expand our Internet technology solutions offerings we may need to license or acquire

    Original URL path: http://innuity.com/page/1n1yy/News_2007/October_2007.html (2016-01-08)
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  • Innuity
    our existing or future relationships with these third parties were to be terminated we could lose our ability to provide key internet technology solutions at cost effective prices to our customers which could hinder our ability to introduce new products and services and could cause our revenues to decline In addition we have incurred losses since our inception and we may not achieve or maintain profitability We will need additional funding to support our operations and capital expenditures which may not be available in amounts or terms acceptable to us If adequate additional funds are not available we may be required to delay reduce the scope of or eliminate implementation of material parts of our business strategy Additional risks and uncertainties include our financial condition and those other risk factors described in our quarterly reports on Form 10 QSB our annual report on Form 10 KSB and other documents we file periodically with the Securities and Exchange Commission Non GAAP Financial Information To supplement Innuity s consolidated financial statements presented in accordance with GAAP and to provide clarity internally and externally Innuity uses Adjusted EBITDA which is a non GAAP measure of financial performance Adjusted EBITDA is calculated by reducing net losses computed in accordance with GAAP for interest expense income taxes depreciation amortization and share based payments This measure among other things is one of the primary metrics by which Innuity evaluates the performance of its business and believes this measure is useful to investors because it represents meaningful supplemental information regarding liquidity and Innuity s ability to fund operations and its financing obligations Innuity s management believes that investors should have access to and Innuity is obligated to provide the same set of tools that management uses in analyzing the company s results Non GAAP measures should be considered in addition to results prepared in accordance with GAAP and should not be considered in isolation as a substitute for or superior to GAAP results Non GAAP terms as defined by Innuity may not be comparable to similarly titled measures used by other companies A reconciliation of Innuity s GAAP net losses to Adjusted EBITDA for the three months ended March 31 2007 and June 30 2007 as well as for the six months ended June 30 2007 is included with the financial statement tables INNUITY INC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED June 30 December 31 2007 2006 ASSETS Current Assets Cash and cash equivalents 423 829 307 483 Settlement deposits 266 617 467 078 Settlement receivable net of allowance for doubtful accounts 183 693 173 098 Trade accounts receivable net of allowance for doubtful accounts 1 035 845 1 318 773 Inventories net of allowance for obsolete inventory 348 919 486 736 Other current assets 179 959 184 891 Total Current Assets 2 438 862 2 938 059 Property and equipment net 724 354 901 318 Intangible assets net 1 165 127 1 670 582 Goodwill 1 833 220 1 833 220 Total Assets 6 161

    Original URL path: http://innuity.com/page/1n1yq/News_2007/August_2007.html (2016-01-08)
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  • Innuity
    s chairman and chief executive officer Linden has been leading Innuity s SEC compliance initiatives and has had responsibility for all of Innuity s day to day financial operations for the last year He has proven to be an astute financial leader for this organization and has the respect of all senior management and I am confident that he will excel in the Innuity CFO role Wall continued Bob Bench will remain a close advisor to Innuity during this transition period and throughout the remainder of the year Bob has successfully led and guided Innuity s financial operations for the last two years and we thank him for the very positive contributions he has made to our business We wish him the very best as he resumes a full time role at the BayHill Group About Innuity Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and ensures minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This release contains information about management s view of Innuity s future expectations plans and prospects that constitute forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 Actual results may differ materially from those indicated by these forward looking statements as a result of

    Original URL path: http://innuity.com/page/1n1yp/News_2007/June_2007.html (2016-01-08)
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  • Innuity
    providing us with necessary capital to improve our balance sheet and financial position this additional capital will allow us to continue to move forward with our core business initiatives that are aimed at both customer acquisition and growing revenue per customer In connection with the financing Innuity agreed to file a registration statement on Form SB 2 with the Securities and Exchange Commission covering the resale of the shares of common stock issuable upon exercise of the warrants Kaufman Bros L P acted as the exclusive financial advisor to Innuity for this financing For additional information please refer to Innuity s current report on Form 8 K with respect to this transaction About Innuity Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and ensures minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This release contains information about management s view of Innuity s future expectations plans and prospects that constitute forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 Actual results may differ materially from those indicated by these forward looking statements as a result of a variety of factors including but not limited to risks and uncertainties associated with our ability to develop or offer additional internet technology

    Original URL path: http://innuity.com/page/1n1yc/News_2007/May_24_2007.html (2016-01-08)
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  • Innuity
    John Wall Innuity chairman and CEO As we move towards achieving cash flow positive operations over the next several quarters we now have additional resources and an improved balance sheet to effectively drive our progress Wall continued We also have successfully introduced a new product line and created customer growth momentum with our launch of LeadConnect which provides cost effective local search results for small businesses Our new agreement with Amerivon should accelerate the penetration of our products into the mass retail market and our agreement extension with International Merchant Services IMS designates that our Creditdiscovery product will serve as their primary customer acquisition tool About Innuity Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and ensures minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This release contains information about management s view of Innuity s future expectations plans and prospects that constitute forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 Actual results may differ materially from those indicated by these forward looking statements as a result of a variety of factors including but not limited to risks and uncertainties associated with our ability to develop or offer additional Internet technology applications and solutions in a timely and

    Original URL path: http://innuity.com/page/1n1y9/News_2007/May_10_2007.html (2016-01-08)
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  • Innuity
    sheet while also providing resources for working capital as we strive to move towards cash flow positive operations over the next several quarters stated John Wall Innuity chairman and CEO The Imperium funding transaction will allow us to recall the 7 4 million shares that we issued in anticipation of the Mercatus funding thereby reducing the overall dilution of this financing round In connection with the financing Innuity agreed to file a registration statement on Form SB 2 with the Securities and Exchange Commission covering the resale of the shares of common stock issuable upon exercise of the warrants Kaufman Bros L P acted as the exclusive financial advisor to the Company for this financing For additional information please refer to Innuity s current report on Form 8 K with respect to this transaction About Innuity Headquartered in Redmond WA Innuity is a Software as a Service SaaS company that designs acquires and integrates applications to deliver solutions for small business Innuity s Internet technology is based on an affordable on demand model that allows small businesses to simply interact with customers business partners and vendors and efficiently manage their businesses Innuity delivers its on demand applications through its Internet technology platform Innuity Velocity The Velocity technology platform enables use based pricing provides the opportunity to choose applications individually or as an integrated suite and ensures minimum start up costs and maintenance For more information on Innuity go to www innuity com Forward Looking Statements This release contains information about management s view of Innuity s future expectations plans and prospects that constitute forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 Actual results may differ materially from those indicated by these forward looking statements as a result of a

    Original URL path: http://innuity.com/page/1n1y8/News_2007/May_9_2007.html (2016-01-08)
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