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Communication Intelligence Corporation Reports Fourth Quarter and Fiscal 2007 Results
Date:3/10/2008

r period. The increase in the net loss is primarily due to increases in interest expense and noncash amortization expense associated with debt financing and decreased revenue.

"As stated earlier fourth quarter revenue was up 63% over the corresponding prior year period, and up 75% over the prior quarter," stated CIC's Chairman & CEO Guido DiGregorio. "Although the fourth quarter of 2007 was significantly better than prior quarters, we did not achieve the orders we had anticipated. We experienced delays in closing several significant orders in the last half of 2007, with negotiations ongoing. The good news is that during 2007 many top tier financial institutions formed high level teams to evaluate enterprise wide solutions for the adoption of eSignature and document automation across the various business segments of these enterprises which affords CIC the potential for high revenue generating deployments. However, because these companies are typically highly compartmentalized, and run as separate profit and loss centers, they need and desire stages of deployment including proof of concepts (POC) and pilots to ensure a smooth and effective adoption process for the enterprise-wide rollouts. 2007 was a year of significant progress with top tier channel partners that provide eSignature based document and process automation solutions. We believe our focus on joint selling efforts and attaining embeds with these leading financial service solution providers is fundamental to capturing the lion's share of the eSignature market and fundamental to accelerating and sustaining our revenue growth. Our successful deployments with leading financial enterprises with proven ROIs, our multi-model enterprise class eSignature product suite that addresses face-to-face, call center and web applications, together with our co-destiny, integrated and non-competitive strategy with these leading solutions providers, we believe, has uniquely positioned CIC as the eSignature partner of ch
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SOURCE Communication Intelligence Corporation
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