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Streamline Health(R) Solutions Reports Second Quarter Results
Date:9/9/2009

g better productivity and higher accountability in the key business processes of this institution. We have the experience and the expertise to design and implement workflow processes tailored to an institution's specific needs that will enable staff to seamlessly utilize the new technology to drive operating efficiencies throughout their entire system. Given the industry-wide need to cut costs and drive efficiencies, we believe this represents an exciting new market opportunity for Streamline Health in the years to come."

Mr. Patsy continued, "Total backlog at the end of the quarter was $23.4 million, representing an increase of 32% over the comparable backlog of a year ago. This is driven primarily by the trend of hospital customers toward SaaS-based hosting services contracts versus software licensing sales. We are at the leading-edge of this trend with the hosting solutions that allow hospital organizations to adopt document workflow and document management tools, applications and services to improve operational efficiencies in the most cost-efficient manner possible. We believe that the SaaS-based hosting model will be the preferred delivery model as the market improves in the coming quarters and years."

"As anticipated, we also achieved a significant milestone in Q2 with the delivery of our 5th generation architecture and multi-language capabilities to a large customer in Canada. This newest-generation software platform, called accessANYware 5.0, is now well into the Beta testing process. We are still on track for announcing General Availability status before the end of our fiscal year. This was a monumental effort that made use of a large portion of our nearly $11 million investment in R&D investment over the past 2 years," concluded Mr. Patsy.

Revenues for the six months ended July 31, 2009 were $7.8 million compared to $8.5 million in comparable period of 2008. The Company reported a net loss for
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SOURCE Streamline Health Solutions, Inc.
Copyright©2009 PR Newswire.
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