Exhibit 99.1
iLinc Communications
CONTACT: JAMES M. POWERS, JR.
President and CEO
iLinc Communications, Inc.
602-952-1200
ILINC ANNOUNCES PRELIMINARY UNAUDITED
FISCAL YEAR 2007 AND FOURTH QUARTER RESULTS
PHOENIX, Arizona (May 3, 2007) - iLinc Communications, Inc. (AMEX:ILC), a
leading developer of Web conferencing software and audio conferencing solutions,
today announced preliminary and unaudited results for its fiscal year and fourth
quarter ending March 31, 2007. iLinc will announce its complete audited results
in early June as normally scheduled when the audit is complete.
On a preliminary basis, for the fiscal year ending March 31, 2007, total revenue
is expected to be $14.4 million, a 15% increase, when compared with revenues of
$12.5 million for the same twelve-month period last fiscal year. The Company
expects to report approximately $200,000 of taxable income for the fiscal year
ending March 31, 2007, a 117% increase, when compared to a taxable loss of $1.2
million for the same twelve-month period last fiscal year. The Company also
expects to report earnings from operations of approximately $1.9 million for the
fiscal year ending March 31, 2007, a 139% increase, when compared to earnings
from operations of $783,000 for the same twelve-month period last fiscal year.
On a preliminary basis, fourth quarter revenues for the three months ending
March 31, 2007 are expected to be $3.7 million, a 3% increase, when compared
with revenues of $3.6 million for the same three-month period last fiscal year.
The Company expects to report a slight taxable loss for the three months ending
March 31, 2007, which would compare to breakeven taxable income for the same
three-month period last fiscal year.
James M. Powers, Jr., President and Chief Executive Officer of iLinc
Communications, commented, "To give a more timely view to our fourth quarter and
year-end results, and so that we can discuss these results at three investor
conferences in May, we are providing some preliminary unaudited information
reflecting our continued top-line and operational improvement. To that end, we
are very pleased to report continued improvement in top-line revenue and most
importantly, very meaningful growth in revenue from our core Web conferencing
product lines. Specifically, our Web conferencing license revenue during the
2007 fiscal year grew by 39% as compared to license revenue during the 2006
fiscal year. Our growth rate in total revenue was a healthy 15% for the 2007
fiscal year which was less than the pure Web conferencing industry average
primarily because of the inclusion of slower growth rates experienced by our
audio conferencing product lines. Whether looking at the price offered by Cisco
for WebEx or the sales trends being generated by iLinc, we remain very confident
in our position in this exciting and expanding Web collaboration marketplace. As
the leading independent publicly traded Web conferencing company that provides
an alternative to Microsoft and WebEx (soon Cisco), we are truly excited about
our market position. In fiscal 2008, we expect to see accelerating quarterly
growth from our direct sales and channel partners. We look forward to sharing
additional details concerning growth trends during our earnings conference call
after our audit is complete in early June," concluded Dr. Powers.
The Company will be participating in the AeA Micro Capital Conference that is to
be held on May 7th and 8th in Monterey, California, with presentations to
potential investors. The presentations used by the Company at that conference
will be filed using Form 8-K on May 8th.
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Details of a listen-only simulcast and a recording of iLinc Communications'
fourth quarter and fiscal year 2007 Web session and conference call will be made
available in early June by separate announcement. In that announcement the
Company will provide detailed audited results as well as the information needed
to access the conference call and Web session.
ABOUT ILINC COMMUNICATIONS, INC.
iLinc Communications, Inc. is a leading developer of Web conferencing software
and audio conferencing solutions for highly secure and cost-effective online
meetings, presentations, and training sessions. Our technology allows people in
diverse locations to communicate and collaborate online while avoiding the
expense, environmental damage, and productivity losses associated with travel.
We make it better than being there. We do so by providing an award-winning,
enterprise-wide suite of Web, audio, and video conferencing solutions that can
be scaled up or down to meet the needs of any size organization. Offering the
industry's most flexible pricing models, we give you the power to choose an
installed, hosted, or hybrid solution - whichever model delivers the highest ROI
for your particular business. More information about the Phoenix-based Company
may be found on the Web at www.iLinc.com.
THIS PRESS RELEASE CONTAINS INFORMATION THAT CONSTITUTES FORWARD-LOOKING
STATEMENTS MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995. ANY SUCH FORWARD-LOOKING STATEMENTS INVOLVE RISK
AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY
FUTURE RESULTS DESCRIBED WITHIN THE FORWARD-LOOKING STATEMENTS. FACTORS THAT
COULD CONTRIBUTE TO SUCH DIFFERENCES ARE DISCLOSED IN THE COMPANY'S ANNUAL
REPORT ON FORM 10-K, QUARTERLY REPORTS ON FORM 10-Q, AND OTHER REPORTS FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION. THE FORWARD-LOOKING INFORMATION
PROVIDED HEREIN REPRESENTS THE COMPANY'S ESTIMATES AND EXPECTATIONS AS OF THE
DATE OF THE PRESS RELEASE, AND SUBSEQUENT EVENTS AND DEVELOPMENTS MAY CAUSE THE
COMPANY'S ESTIMATES AND EXPECTATIONS TO CHANGE. THE COMPANY SPECIFICALLY
DISCLAIMS ANY OBLIGATION TO UPDATE THE FORWARD-LOOKING INFORMATION IN THE
FUTURE. THEREFORE, THIS FORWARD-LOOKING INFORMATION SHOULD NOT BE RELIED UPON AS
REPRESENTING THE COMPANY'S ESTIMATES AND EXPECTATIONS OF ITS FUTURE FINANCIAL
PERFORMANCE AS OF ANY DATE SUBSEQUENT TO THE DATE OF THIS PRESS RELEASE.
iLinc, iLinc Communications, iLinc Suite, MeetingLinc, LearnLinc,
ConferenceLinc, SupportLinc, EventPlus, On-Demand, iReduce, iLinc Enterprise
Unlimited and its logos are trademarks or registered trademarks of iLinc
Communications, Inc. All other company names and products may be trademarks of
their respective companies.
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