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	<title>BrettMaas.com &#187; Brett Maas</title>
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	<link>http://brettmaas.com</link>
	<description>Communicating your story to the Street</description>
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		<title>Twitter Integration Coming to iOS 5 and Apple iPhone</title>
		<link>http://brettmaas.com/twitter-integration-coming-to-ios-5-and-apple-iphone/</link>
		<comments>http://brettmaas.com/twitter-integration-coming-to-ios-5-and-apple-iphone/#comments</comments>
		<pubDate>Mon, 06 Jun 2011 18:48:26 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[iOS5]]></category>
		<category><![CDATA[iPhone]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=158</guid>
		<description><![CDATA[Hat Tip: Mashable.com Apple will be deeply integrating Twitter across iOS 5, the next major version of its OS for the iPhone, iPad and iPod touch. Twitter integration was one of the rumored announcements leading up to WWDC, and Apple has delivered. Users can associate a Twitter account in the iOS settings and other apps will automatically gain [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2011/06/twitter-ios5-360x225.jpg"><img class="alignright size-full wp-image-159" title="twitter-ios5-360x225" src="http://brettmaas.com/wp-content/uploads/2011/06/twitter-ios5-360x225.jpg" alt="" width="360" height="225" /></a>Hat Tip: <a href="http://mashable.com/2011/06/06/twitter-ios-5/">Mashable.com</a></p>
<p>Apple will be deeply integrating <a href="http://mashable.com/follow/topics/twitter">Twitter</a> across <a href="http://mashable.com/follow/topics/ios-5">iOS 5</a>, the next major version of its OS for the iPhone, iPad and iPod touch.</p>
<p>Twitter integration was one of the <a href="http://mashable.com/2011/06/05/apple-2011-wwdc/">rumored announcements</a> leading up to WWDC, and Apple has delivered.</p>
<p>Users can associate a Twitter account in the iOS settings and other apps will automatically gain access to Twitter integration using the app, which means users no longer have to log in or manually add an account each time. Moreover, apps like Mail, Contacts, YouTube and Camera will all have extensive levels of Twitter integration.</p>
<p>Connect with me:</p>
<p><a href="http://brettmaasblog.com/">Brett Maas</a> Blog, <a href="http://twitter.com/#!/BrettMaas">Brett Maas</a> Twitter, <a href="http://www.facebook.com/brettmaasIR">Brett Maas</a> Facebook</p>
<p>&nbsp;</p>
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		<title>NewCardio &#8211; Featured on Inside Business</title>
		<link>http://brettmaas.com/newcardio-featured-on-inside-business/</link>
		<comments>http://brettmaas.com/newcardio-featured-on-inside-business/#comments</comments>
		<pubDate>Thu, 13 Jan 2011 18:21:03 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[(OTC BB: NWCI.OB )]]></category>
		<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Hayden IR]]></category>
		<category><![CDATA[New Cardio]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=144</guid>
		<description><![CDATA[NewCardio, Inc. (NWCI.OB) Video below. Learn more about NewCardio at their website. Check out my blog at Brett Maas Blog, and Connect with me on Facebook and Brett Maas Linkedin]]></description>
			<content:encoded><![CDATA[<p><a href="http://finance.yahoo.com/q/pr?s=NWCI.OB+Profile" target="_blank">NewCardio, Inc.</a> (NWCI.OB) Video below.<br />
<br />
<a href="http://newcardio.com"><img class="size-full wp-image-145 alignnone" title="new-cardio" src="http://brettmaas.com/wp-content/uploads/2011/01/new-cardio.jpg" alt="New Cardio" width="271" height="55" /></a><br />
<br />
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<p>Learn more about <a href="http://www.newcardio.com/index.php" target="_blank">NewCardio at their website</a>.</p>
<p>Check out my blog at <a href="http://brettmaasblog.com/" target="_blank">Brett Maas Blog</a>, and Connect with me on <a href="http://www.facebook.com/brettmaasIR" target="_blank">Facebook</a> and <a href="http://www.linkedin.com/pub/dir/Brett/Maas" target="_blank">Brett Maas Linkedin</a></p>
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		<title>Brett Maas shares his insight on Ford Motor Company</title>
		<link>http://brettmaas.com/brett-maas-shares-his-insight-on-ford-motor-company/</link>
		<comments>http://brettmaas.com/brett-maas-shares-his-insight-on-ford-motor-company/#comments</comments>
		<pubDate>Tue, 26 Oct 2010 17:40:53 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[Ford Motor Company]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=137</guid>
		<description><![CDATA[Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It&#8217;s about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years. The news puts Ford, which has [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2010/10/Ford.jpg"><img class="alignright size-full wp-image-138" title="Ford" src="http://brettmaas.com/wp-content/uploads/2010/10/Ford.jpg" alt="Ford Motor Company" width="240" height="317" /></a>Ford Motor Co. is on a roll. Its popular new cars and trucks are  grabbing a bigger share of the U.S. market. It&#8217;s about to erase a big  portion of its health care debts. And Ford is adding a significant  number of jobs for the first time in years.</p>
<p>The news puts Ford,  which has now turned profits for a year and a half, even further ahead  of its Detroit rivals as the American auto industry slowly turns around.</p>
<p>Read more of the story here from <a href="http://finance.yahoo.com/news/Ford-keeps-rolling-as-net-apf-3123922279.html?x=0" target="_blank">Yahoo </a></p>
<p>I think Ford has been successful as well because of their strategic advertising partnership with Amercian Idol and being heavily involved with internet marketing strategies. They are definitely one to watch in the Auto Industry and looking at their stock price levels today compared to the past few years it looks like Ford is a company to watch.</p>
<p>Connect with me:</p>
<p><a href="http://brettmaas.net/" target="_blank">Brett Maas</a> dot net, <a href="http://twitter.com/#%21/BrettMaas" target="_blank">Brett Maas</a> Twitter, <a href="http://www.facebook.com/brettmaasIR" target="_blank">Brett Maas</a> Facebook, <a href="http://www.linkedin.com/in/brettcmaas" target="_blank">Brett Maas</a> LinkedIn</p>
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		<title>The End Of The Great Recession? Hardly</title>
		<link>http://brettmaas.com/the-end-of-the-great-recession-hardly/</link>
		<comments>http://brettmaas.com/the-end-of-the-great-recession-hardly/#comments</comments>
		<pubDate>Mon, 20 Sep 2010 18:50:41 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Forbes]]></category>
		<category><![CDATA[Recession]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=132</guid>
		<description><![CDATA[I was just reading this article on Forbes.com and thought I would share. The National Bureau of Economic Research tells us today that the recession that began in December 2007 technically ended in June 2009. That’s when general business activity in the U.S. reached a low point and the recovery began. Unfortunately, the recovery is [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2010/09/stock-market1.jpg"><img class="alignright size-thumbnail wp-image-134" title="Wall Street Takes A Dive On Negative Economic Reports" src="http://brettmaas.com/wp-content/uploads/2010/09/stock-market1-150x150.jpg" alt="" width="150" height="150" /></a></p>
<p>I was just reading this article on <a href="http://blogs.forbes.com/brianwingfield/2010/09/20/the-end-of-the-great-recession-hardly/?boxes=Homepagelighttop" target="_blank">Forbes.com</a> and thought I would share.</p>
<p>The National Bureau of Economic Research tells us today that <a href="http://www.nber.org/cycles/sept2010.html">the recession that began in December 2007 technically ended in June 2009.</a> That’s when general business activity in the U.S. reached a low point and the recovery began.</p>
<p>Unfortunately, the recovery is what most people care about at this  point, and it’s been lackluster at best. Since May 2009 unemployment has  fluctuated between 9.4% and 10.1%.  Federal Reserve officials have said  in recent months that consumer  demand, the housing sector and bank  lending all remain weak.  Congress has yet to decide what to do about  expiring tax benefits,  creating uncertainty in the economy. Even the  NBER, the unofficial arbiter of recession start and end dates, says that  “economic  activity is typically below normal in the early stages of an  expansion,  and it sometimes remains so well into the expansion.”</p>
<p><a href="http://blogs.forbes.com/brianwingfield/2010/09/20/the-end-of-the-great-recession-hardly/?boxes=Homepagelighttop" target="_blank">Read More</a></p>
<p>Connect with me:</p>
<p><a href="http://brettmaas.net/" target="_blank">Brett Maas</a> dot net, <a href="http://twitter.com/#!/BrettMaas" target="_blank">Brett Maas</a> Twitter, <a href="http://www.facebook.com/brettmaasIR" target="_blank">Brett Maas</a> Facebook, <a href="http://www.linkedin.com/in/brettcmaas" target="_blank">Brett Maas</a> LinkedIn</p>
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		<title>PHC, Inc. Retains Hayden IR to Develop a Comprehensive Investor Relations Program</title>
		<link>http://brettmaas.com/phc-inc-retains-hayden-ir-to-develop-a-comprehensive-investor-relations-program/</link>
		<comments>http://brettmaas.com/phc-inc-retains-hayden-ir-to-develop-a-comprehensive-investor-relations-program/#comments</comments>
		<pubDate>Tue, 03 Aug 2010 21:05:17 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[(NYSE AMEX:PHC)]]></category>
		<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Hayden IR]]></category>
		<category><![CDATA[PHC]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=128</guid>
		<description><![CDATA[PEABODY, Mass., Aug. 3 /PRNewswire-FirstCall/ &#8212; PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), a leading provider of inpatient and outpatient behavioral health services, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, effective August 15, 2010, to develop and implement a strategic investor relations program to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2010/08/hayden-ir.png"><img class="alignright size-full wp-image-129" title="hayden-ir" src="http://brettmaas.com/wp-content/uploads/2010/08/hayden-ir.png" alt="" width="308" height="162" /></a>PEABODY, Mass., Aug. 3  /PRNewswire-FirstCall/ &#8212; PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), a leading provider of inpatient and outpatient behavioral health services, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, effective August 15, 2010, to develop and implement a strategic investor relations program to raise its visibility and strengthen its relationships with the investment community.</p>
<p>&#8220;We have achieved a compelling strategic position in an emerging industry, and we are situated to benefit from the enactment of Healthcare reform legislation as more individuals will have access and a means for reimbursement of our programs,&#8221; commented Bruce A. Shear, Pioneer&#8217;s President and CEO. &#8220;We continue to grow our patient census, driving organic growth, and we believed this is the optimum time to retain Hayden IR to assist us in formulating and executing a broad program to articulate the inherent value of our business model to the investment community.&#8221;</p>
<p>With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.</p>
<p><a title="Brett Maas" href="http://www.haydenir.com" target="_blank">Brett Maas</a>, Managing Partner at Hayden IR, added, &#8220;Pioneer Behavioral Health&#8217;s proven business model and compelling growth profile will be attractive to our audience of professional investors. Pioneer&#8217;s growth has reached the point where additional revenues should more directly impact the bottom line, and this leverage in the business model creates a compelling near-term opportunity for growth-oriented investors. With pending CMS certification, the Seven Hills Behavioral Institute in Henderson, Nevada has the potential to add as much as more than five cents per year to the Company&#8217;s earnings per share and we plan to broaden the Company&#8217;s audience of potential investors in advance of this anticipated growth. The Company also has a solid balance sheet which will be attractive to value-oriented investors. Additionally, ongoing consolidation in the industry creates additional opportunities for Pioneer to accelerate its growth, which would lead to higher valuation multiples going forward. We are excited to represent Pioneer Behavioral Health and look forward to a productive relationship.&#8221;</p>
<p>About PHC d/b/a Pioneer Behavioral Health</p>
<p>PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company providing behavioral health services in five states, including substance abuse treatment facilities in Utah and Virginia, and inpatient and outpatient psychiatric facilities in Michigan, Pennsylvania, and Nevada. The Company also offers internet and telephonic-based referral services that includes employee assistance programs and critical incident services. Contracted services with government agencies, national insurance companies, and major transportation and gaming companies cover more than one million individuals. Pioneer helps people gain and maintain physical, spiritual and emotional health through delivering the highest quality, most culturally responsive and compassionate behavioral health care programs and services. For more information, visit www.phc-inc.com.</p>
<p>Statement under the Private Securities Litigation Reform Act of 1995</p>
<p>This press release may include &#8220;forward-looking statements&#8221; that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the Company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. For a discussion of these factors and risks, see the Company&#8217;s annual report on Form 10-K for the most recently ended fiscal year.</p>
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		<title>Stocks end July with big gain; Dow gains 7.1 pct</title>
		<link>http://brettmaas.com/stocks-end-july-with-big-gain-dow-gains-7-1-pct/</link>
		<comments>http://brettmaas.com/stocks-end-july-with-big-gain-dow-gains-7-1-pct/#comments</comments>
		<pubDate>Sat, 31 Jul 2010 00:35:43 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[DOW]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=123</guid>
		<description><![CDATA[On a positive note the market ended July with 7.1% gains in the DOW. NEW YORK (AP) &#8212; Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year. Investors had an ambivalent response Friday to the [...]]]></description>
			<content:encoded><![CDATA[<p>On a positive note the market ended July with 7.1% gains in the DOW.</p>
<p>NEW YORK (AP) &#8212; Stocks had a fitting end to a choppy July as prices  seesawed their way to a narrowly mixed finish. The market still had its  best month in a year.</p>
<p>Investors had an ambivalent response Friday  to the government&#8217;s gross domestic product report, which showed that  economic growth slowed in the April-June quarter. The Dow Jones  industrial average fell almost 120 points in early trading, then  ratcheted up and down until the close. The Dow ended down just a point,  and the other big indexes had similarly small moves.</p>
<p><a href="http://brettmaas.com/wp-content/uploads/2010/07/50.jpg"><img class="alignright size-full wp-image-124" title="50" src="http://brettmaas.com/wp-content/uploads/2010/07/50.jpg" alt="" width="240" height="160" /></a>The day was  much like the rest of July, which saw investors alternately buying on  strong earnings reports and selling on weak economic numbers. The Dow  rose 7.1 percent for the month. The Dow and the Standard &amp; Poor&#8217;s  500 index both had their best months since July 2009 and their first  winning months since this past April.</p>
<p><a href="http://finance.yahoo.com/news/Stocks-end-July-with-big-gain-apf-2425961988.html?x=0&amp;sec=topStories&amp;pos=2&amp;asset=&amp;ccode=" target="_blank">Hat Tip Yahoo Finance Check out more .. </a></p>
<p>Connect with me here:</p>
<p><a title="Brett Maas" href="http://brettmaas.net/" target="_self">Brett Maas</a> dot net, <a href="http://brettmaas.org/" target="_self">Brett Maas</a> dot org, <a href="http://www.facebook.com/brettmaasIR" target="_self">Brett Maas</a> Facebook, <a href="www.linkedin.com/pub/dir/Brett/Maas" target="_blank">Brett Maas</a> Linkedin, <a href="http://www.naymz.com/brett__maas_2908703" target="_self">Brett Maas</a> Naymz, <a href="http://twitter.com/BrettMaas" target="_self">Brett Maas </a>Twitter, <a href="http://brettmaasblog.com/" target="_blank">Brett Maas</a> Blog</p>
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		<title>InterCLICK Strengthens Board By Adding Seasoned Executive Leaders</title>
		<link>http://brettmaas.com/interclick-strengthens-board-by-adding-seasoned-executive-leaders/</link>
		<comments>http://brettmaas.com/interclick-strengthens-board-by-adding-seasoned-executive-leaders/#comments</comments>
		<pubDate>Fri, 09 Jul 2010 16:21:26 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[(Nasdaq:ICLK)]]></category>
		<category><![CDATA[Brett Maas]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=117</guid>
		<description><![CDATA[NEW YORK, July 6, 2010 (GLOBE NEWSWIRE) &#8212; interCLICK, Inc. (Nasdaq:ICLK), a digital audience intelligence and targeting company, today announced Dave Hills and Frank Cotroneo have been named to its Board of Directors. Both leaders bring extensive expertise and a track record of C-Level success across a range of public and Fortune 500 companies. Dave [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2010/07/interclick.jpg"><img class="alignright size-full wp-image-118" title="interclick" src="http://brettmaas.com/wp-content/uploads/2010/07/interclick.jpg" alt="InterClick" width="210" height="89" /></a>NEW YORK, July 6, 2010 (GLOBE NEWSWIRE) &#8212; interCLICK, Inc.  (Nasdaq:ICLK), a digital audience intelligence and targeting company,  today announced Dave Hills and Frank Cotroneo have been named to its  Board of Directors. Both leaders bring extensive expertise and a track  record of C-Level success across a range of public and Fortune 500  companies.</p>
<p>Dave Hills is General Partner at KPG Ventures, a venture capital and  private equity firm.  He is the former President &amp; Chief Executive  Officer of LookSmart, a publicly-traded online advertising and  technology company. Mr. Hills previously served as President, Media  Solutions at 24/7 Real Media, a leading global digital marketing company  which was acquired by WPP in 2007. From 1980 to 2001 he served in  various sales leadership capacities culminating in the role of Chief  Operating Officer and President of Sales at About, Inc., a network of  topic-specific Web sites.</p>
<p>Frank Cotroneo has more than 28 years of business and senior management  experience. Mr. Cotroneo most recently served as Chief Operating  Officer and Chief Financial Officer of NetSpend Corporation, a provider  of prepaid debit card services. He is the former Chief Financial Officer  of Axciom Corporation, former CFO of H&amp;R Block, and former CFO of  MasterCard International.</p>
<p>&#8220;We&#8217;re thrilled to be adding these two outstanding leaders to our Board  of Directors,&#8221; said Michael Mathews, interCLICK&#8217;s CEO on behalf of the  company&#8217;s Board and senior management team. &#8220;We look forward to  benefiting from Dave and Frank&#8217;s business strategy and financial  management expertise as we pursue our growth agenda.&#8221;</p>
<p><strong>About interCLICK</strong></p>
<p>interCLICK is an audience intelligence and targeting company,  developing and executing data-driven campaign strategies for major  digital agencies and marketers. Fueled by its proprietary software,  interCLICK empowers its clients to reach desirable audiences  efficiently, in brand-safe environments, and at tremendous  scale. interCLICK is headquartered in New York City and has offices in  Chicago, Los Angeles, San Francisco, Dallas and Miami. For more  information about the interCLICK Network, visit  <a href="http://www.globenewswire.com/newsroom/ctr?d=195775&amp;amp;l=6&amp;amp;a=http%3A%2F%2Fwww.interclick.com&amp;amp;u=http%3A%2F%2Fus.lrd.yahoo.com%2F_ylt%3DAk4M4Ugz2m0T_iiOcYfWY4Hjba9_%3B_ylu%3DX3oDMTE2NjRmOGl1BHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d2ludGVy%2FSIG%3D16u8qgpqo%2F%2A%2Ahttp%253A%2Fcts.businesswire.com%2Fct%2FCT%253Fid%3Dsmartlink%2526url%3Dhttp%25253A%25252F%25252Fwww.interclick.com%2526esheet%3D6069130%2526lan%3Den_US%2526anchor%3Dhttp%25253A%25252F%25252Fwww.interclick.com%2526index%3D1%2526md5%3Daafab225cfa6688d8054d11ce274ec8d" target="_new"> </a><a href="http://www.interclick.com/" target="_new">http://www.interclick.com</a> .</p>
<pre>CONTACT:  interCLICK, Inc.
          Roger Clark, CFO
          (646) 395-1776
          roger.clark@interclick.com

          Hayden IR
          Investor Relations Contact
          <a title="Brett Maas" href="http://brettmaas.com/" target="_blank">Brett Maas</a>
          (646) 536-7331
          brett@haydenir.com</pre>
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		<title>Cover-All Technologies to Present at the Noble Financial Sixth Annual Equity Conference &#8212; ONTRACK 2010</title>
		<link>http://brettmaas.com/cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2010/</link>
		<comments>http://brettmaas.com/cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2010/#comments</comments>
		<pubDate>Mon, 14 Jun 2010 22:38:05 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[(OTC BB: COVR.OB)]]></category>
		<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Cover-All Technologies]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=113</guid>
		<description><![CDATA[FAIRFIELD, N.J., May 28, 2010 (BUSINESS WIRE) &#8211; Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware corporation (&#8220;Cover-All&#8221; or the &#8220;Company&#8221;), today announced that John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, will present at the Noble Financial Sixth Annual Equity Conference at 8:30 a.m. ET on [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2010/06/cover-all.png"><img class="alignright size-medium wp-image-114" title="cover-all" src="http://brettmaas.com/wp-content/uploads/2010/06/cover-all-300x92.png" alt="Cover-All Technologies" width="300" height="92" /></a>FAIRFIELD, N.J., May 28, 2010 (BUSINESS WIRE) &#8211;</p>
<p>Cover-All  Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware         corporation (&#8220;Cover-All&#8221; or the &#8220;Company&#8221;), today announced that  John         Roblin, Chairman of the Board of Directors and Chief Executive  Officer         of the Company, will present at the Noble Financial Sixth Annual  Equity         Conference at 8:30 a.m. ET on June 7, 2010. This  by-invitation-only         <a id="KonaLink0" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">conference</span></a> will  be held June 7-8, 2010 at the Seminole Hard Rock Hotel,         Hollywood, Fla. Registered conference attendees may request 1-on-1          meetings with Cover-All management who will be available during  the day         on June 7. Please contact your Noble Financial representative to         schedule a meeting.</p>
<p>Cover-All recently reported its 13th consecutive profitable         quarter and Mr. Roblin will discuss the Company&#8217;s strong financial          performance. He will also discuss the Company&#8217;s recent acquisition  of         Moore Stephens Business Solutions LLC (MSBS), a provider of  business         intelligence and advanced analytics solutions to the insurance  industry         based in New York. This acquisition allows Cover-All to expand  into the         business intelligence marketplace, adding approximately $6 million  in         annualized revenue, and will fuel Cover-All&#8217;s organic growth,  giving it         new solutions to sell to a much larger installed base. The Company  is         also expanding its My Insurance Center(TM) offering with exciting  new         capabilities that will further accelerate organic growth.</p>
<p>The presentation will be webcast &#8211; audio / video / PowerPoint &#8211;  live,         and available for viewing at www.cover-all.com         (click on the &#8220;Company&#8221; tab, then &#8220;Investor Relations&#8221;) or through  the         Noble Financial websites at www.ontrack10.com         or www.nobleresearch.com.         Cover-All recommends registering at least 10 minutes prior to the  start         of the presentation to ensure timely access. Participants will  need the         SilverLight viewer (a free download from the presentation link) to          participate. In addition, the webcast, transcript and written  materials         will be archived on the <a id="KonaLink1" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">Company&#8217;s website</span></p>
<div id="preLoadLayer1"><img src="http://kona.kontera.com/javascript/lib/imgs/grey_loader.gif" alt="" /></div>
<p></a> for 90 days following the         event.</p>
<p>About Noble Financial</p>
<p>Noble Financial Capital Markets was established in 1984 and is an  <a id="KonaLink2" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">equity</span></p>
<div id="preLoadLayer2"><img src="http://kona.kontera.com/javascript/lib/imgs/grey_loader.gif" alt="" /></div>
<p></a> research driven, full-service investment banking boutique focused  on         small-cap, emerging growth companies. The company has offices in  New         York, Boston, New Jersey, St Louis and Boca Raton.</p>
<p>About Cover-All Technologies Inc.</p>
<p>Cover-All Technologies Inc., since 1981, has been a leader in  developing         sophisticated software solutions for the property and casualty  insurance         industry &#8212; first to deliver PC-based <a id="KonaLink4" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">commercial insurance</span></a> rating and         policy issuance software. Currently, Cover-All is building on its         reputation for quality insurance solutions, knowledgeable people  and         outstanding customer service by creating new and innovative  insurance         solutions that leverage the latest <a id="KonaLink3" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">technologies</span></a> and  bring our customers         outstanding capabilities and value.</p>
<p>With extensive insurance knowledge, experience and commitment to         quality, Cover-All continues its tradition of developing  technology         solutions designed to revolutionize the way the property and  casualty         insurance business is conducted. Additional information is  available         online at www.cover-all.com.</p>
<p>Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy  Database(TM)         (IPD) are trademarks or registered trademarks of Cover-All  Technologies         Inc. All other company and product names mentioned are trademarks  or         registered trademarks of their respective holders.</p>
<p>Forward-looking Statements</p>
<p>Statements in this press release, other than statements of  historical         information, are forward-looking statements that are made pursuant  to         the safe harbor provisions of the <a id="KonaLink6" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">Private Securities</span></a> Litigation Reform         Act of 1995. Forward-looking statements involve known and unknown  risks         which may cause the Company&#8217;s actual results in future periods to  differ         materially from expected results. Those risks include, among  others,         risks associated with increased competition, customer decisions,  the         successful completion of continuing development of new products,  the         successful negotiations, execution and implementation of  anticipated new         software contracts, the successful addition of personnel in the         marketing and technical areas, our ability to complete development  and         sell and license our products at prices which result in sufficient          revenues to realize profits and other business factors beyond the         Company&#8217;s control. Those and other risks are described in the  Company&#8217;s         filings with the <a id="KonaLink7" href="http://www.tradingmarkets.com/print/news/press-release/covr_cover-all-technologies-to-present-at-the-noble-financial-sixth-annual-equity-conference-ontrack-2-953712.html#" target="undefined"><span style="color: blue;">Securities and Exchange Commission</span></a> (&#8220;SEC&#8221;) over the         last 12 months, including but not limited to the Company&#8217;s Annual  Report         on Form 10-K for the year ended December 31, 2009, filed with the  SEC on         March 19, 2010, copies of which are available from the SEC or may  be         obtained upon request from the Company.</p>
<p>SOURCE: Cover-All Technologies Inc.</p>
<pre>Cover-All Technologies Inc. 

Ann Massey, 973-461-5190 

Chief Financial Officer 

amassey@cover-all.com 

or 

Hayden IR 

<a href="http://www.linkedin.com/in/brettcmaas" target="_blank">Brett Maas</a>, 646-536-7331 

Principal 

brett@haydenir.com

Connect with <a href="http://www.facebook.com/brettmaasIR" target="_blank">Brett Maas</a>
</pre>
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		<title>Cover-All Technologies Inc. Expands into the Business Intelligence Marketplace with the Acquisition of Moore Stephens Business Solutions</title>
		<link>http://brettmaas.com/cover-all-technologies-inc-expands-into-the-business-intelligence-marketplace-with-the-acquisition-of-moore-stephens-business-solutions/</link>
		<comments>http://brettmaas.com/cover-all-technologies-inc-expands-into-the-business-intelligence-marketplace-with-the-acquisition-of-moore-stephens-business-solutions/#comments</comments>
		<pubDate>Thu, 15 Apr 2010 23:57:23 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[(OTC BB: COVR.OB)]]></category>
		<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Companies to Watch]]></category>
		<category><![CDATA[Cover-All Technologies]]></category>

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		<description><![CDATA[FAIRFIELD, N.J.&#8211;(BUSINESS WIRE)&#8211;Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB &#8211; News), a Delaware corporation (“Cover-All” or the “Company”), today announced the acquisition of Moore Stephens Business Solutions LLC (MSBS), a provider of business intelligence and advanced analytics solutions to the insurance industry based in New York, New York. Acquisition Highlights: Cover-All, through its wholly owned [...]]]></description>
			<content:encoded><![CDATA[<p>FAIRFIELD, N.J.&#8211;(BUSINESS WIRE)&#8211;Cover-All Technologies Inc. (OTC  Bulletin Board: <a href="http://finance.yahoo.com/q?s=covr%2dob.ob&amp;d=t">COVR.OB</a> &#8211; <a href="http://finance.yahoo.com/q/h?s=covr-ob.ob">News</a>), a Delaware        corporation (“Cover-All” or the “Company”), today announced the        acquisition of Moore Stephens Business Solutions LLC (MSBS), a  provider        of business intelligence and advanced analytics solutions to the        insurance industry based in New York, New York.</p>
<p><!-- Article Related Media --><strong>Acquisition Highlights:</strong></p>
<ul>
<li> Cover-All, through its wholly owned subsidiary, Cover-All  Systems,          Inc., has acquired substantially all of MSBS’s assets (excluding           working capital) for an aggregate purchase price of $2,450,000,  with          no assumed indebtedness.</li>
<li> Approximately 96% of the purchase price consists of cash and a          promissory note, and the remaining approximately 4% consists of          Cover-All’s common stock.</li>
<li> The acquired business is expected to be immediately accretive to           Cover-All’s 2010 earnings with an operating margin comparable  with          Cover-All’s historic operating margin.</li>
<li> On a trailing 12 months basis, MSBS generated over $6 million in           revenue.</li>
<li> The combined organization will total more than 55 customers, all  of          which are part of the same target market.</li>
<li> Seth Rachlin, currently CEO of MSBS, will join Cover-All’s  management          as an executive vice president and serve as Managing Director of           Cover-All’s new Business Intelligence unit. The unit, including  the          outstanding staff of MSBS, will continue to be based in their  New York          City office.</li>
</ul>
<p>MSBS serves the insurance industry exclusively, providing  Business        Intelligence and advanced analytics solutions. Leveraging their        Insurance Analytic Framework (IAF), which delivers accurate,  available        and actionable key metrics and dimensions specific to the  insurance        industry, MSBS has established a dominant presence in an otherwise         underserved market. With the integration of these capabilities  into the        Cover-All portfolio, the combined company will be well positioned  to        deliver additional value to the existing customers of both  companies, as        well as benefit from an unrivaled and unique competitive advantage  in        its combined offerings.</p>
<p>While delivering three consecutive  years of record revenues and profits,        Cover-All has also been focused on building an innovative  insurance        information platform (My Insurance Center) utilizing leading-edge        technologies and an information-centric architecture. These  capabilities        combined with exciting new offerings to My Insurance Center  expected to        be completed in late 2010, have positioned the Company for  continued        strong growth and profitability.</p>
<p>The acquisition of MSBS  represents an additional pillar of the Company’s        broader growth strategy as it looks to expand its customer base by         offering additional leading-edge capabilities. Cover-All’s  strategy        includes continued focus on identifying immediately accretive        opportunities that fit within its strategic vision.</p>
<p>“Thanks  to our innovative strategy, customer focus, and talented        results-oriented staff, I believe Cover-All has reached the point  where        we are ready for break-out growth, and this acquisition is  evidence of        that fact,” commented John Roblin, Chairman and CEO of Cover-All.  “With        our strong balance sheet and cash position, we are now able to  shift our        focus from stabilization to cultivation, and execute on the second  part        of our carefully planned growth strategy &#8211; a strategy which  includes        immediately accretive acquisitions which in turn, serve to fuel  our        organic growth and expanded offerings.”</p>
<p>“This acquisition  presents an excellent opportunity for MSBS to move to        the next level as we join the Cover-All family,” said Seth  Rachlin, CEO        of MSBS. “Building on our hard work over the past four years, we  will        now have additional resources to expand capabilities and our  footprint.”</p>
<p>The acquisition creates a new opportunity for  existing, as well as        potential customers of both companies to leverage the power of an        integrated solution that merges highly-focused Insurance Business        Analytics with My Insurance Center, Cover-All’s revolutionary  Policy        Life-Cycle Management solution set. Additionally, the combined  entity        will look to leverage Cover-All’s proven business model of  generating        recurring revenue with a flexible cost structure, to drive further         improvements to MSBS’s margins.</p>
<p>Cover-All continues to  expand its reputation as a leader in developing        innovative solutions for the insurance industry by focusing on the  value        of information. Following a philosophy of information-centric        technology, Cover-All’s My Insurance Center has been built around  the        notion of leveraging the availability of data to drive business  value.        Similarly, MSBS has established an equally dominant position in  their        niche, focusing on a likeminded philosophy, developing the tools  and        know-how to assimilate data into powerful Business Intelligence.        Further, both Cover-All and MSBS have established meaningful        relationships within a similar market segment (but without any  overlap)        which will give rise to tremendous cross-selling opportunities.</p>
<p>Cover-All  was advised by LMC Capital LLC, a boutique investment banking        firm dedicated exclusively to the insurance industry.</p>
<p><strong>Conference  Call Information</strong></p>
<p>Management will conduct a live  teleconference to discuss this        acquisition at 4:30 p.m. EDT on April 12, 2010. Anyone interested  in        participating should call 877-941-2069 if calling from the United        States, or 480-629-9713 if dialing internationally. A replay will  be        available until April 19, 2010, which can be accessed by dialing        800-406-7325 within the United States and 1-303-590-3030 if  dialing        internationally. Please use passcode 4282019 to access the replay.  In        addition, the call will be webcast and will be available on the        Company’s website at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cover-all.com%2F&amp;esheet=6245376&amp;lan=en_US&amp;anchor=http%3A%2F%2Fwww.cover-all.com%2F&amp;index=1&amp;md5=e6c8ed9c6b1629646c152f347da1f4f9">http://www.cover-all.com/</a>.</p>
<p><strong>About  Moore Stephens Business Solutions</strong></p>
<p>Moore Stephens Business  Solutions (MSBS) is committed to being the        leading provider of performance and data management solutions to  the        global insurance industry. MSBS seeks to bring together deep  industry        knowledge and proven frameworks with technology expertise in the        deployment of non-proprietary, commercial software solutions. MSBS         strives, above all, to be thought leaders on how Enterprise Data        Management and Business Intelligence capabilities can deliver  value to        insurance carriers, reinsurers, MGAs and brokers. The interest in        performance and data management solutions within the insurance  industry        is growing rapidly as companies try to keep pace with competition,         prepare for a softening market, and better understand the level of         market penetration and service being provided to its customers and  by        its partners. MSBS has delivered over 140 performance and data        management solutions that have enabled clients to make data  accurate,        available, and actionable.</p>
<p><strong>About Cover-All Technologies  Inc.</strong></p>
<p>Cover-All Technologies Inc., since 1981, has been a  leader in developing        sophisticated software solutions for the property and casualty  insurance        industry – first to deliver PC-based commercial insurance rating  and        policy issuance software. Currently, Cover-All is building on its        reputation for quality insurance solutions, knowledgeable people  and        outstanding customer service by creating new and innovative  insurance        solutions that leverage the latest technologies and bring our  customers        outstanding capabilities and value.</p>
<p>With extensive insurance  knowledge, experience and commitment to        quality, Cover-All continues its tradition of developing  technology        solutions designed to revolutionize the way the property and  casualty        insurance business is conducted. Additional information is  available        online at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cover-all.com&amp;esheet=6245376&amp;lan=en_US&amp;anchor=www.cover-all.com&amp;index=2&amp;md5=9da35b8378902c8d8ce296248555c1d0">www.cover-all.com</a></p>
<p>Cover-All®,  My Insurance Center™ (MIC) and Insurance Policy Database™        (IPD) are trademarks or registered trademarks of Cover-All  Technologies        Inc. All other company and product names mentioned are trademarks  or        registered trademarks of their respective holders.</p>
<p><strong>Forward-looking  Statements</strong></p>
<p>Statements in this press release, other than  statements of historical        information, are forward-looking statements that are made pursuant  to        the safe harbor provisions of the Private Securities Litigation  Reform        Act of 1995. Forward-looking statements involve known and unknown  risks        which may cause the Company’s actual results in future periods to  differ        materially from expected results. Those risks include, among  others,        risks associated with increased competition, customer decisions,  the        successful completion of continuing development of new products,  the        successful negotiations, execution and implementation of  anticipated new        software contracts, the successful addition of personnel in the        marketing and technical areas, our ability to complete development  and        sell and license our products at prices which result in sufficient         revenues to realize profits and other business factors beyond the        Company’s control. Those and other risks are described in the  Company’s        filings with the Securities and Exchange Commission (“SEC”) over  the        last 12 months, including but not limited to the Company’s Annual  Report        on Form 10-K for the year ended December 31, 2008, filed with the  SEC on        March 30, 2009, copies of which are available from the SEC or may  be        obtained upon request from the Company.</p>
<p><img src="http://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20100412006123r1&amp;sid=yatoo&amp;distro=nx" alt="" /></p>
<div>
<div>
<h2>Contact:</h2>
</div>
<div>
<pre>Cover-All Technologies Inc.
Ann Massey, 973-461-5190
Chief Financial Officer
<a href="mailto:amassey@cover-all.com">amassey@cover-all.com</a>
or
Investors:
Hayden IR
<strong>Brett Maas</strong>, 646-536-7331
Principal
<a href="mailto:brett@haydenir.com">brett@haydenir.com</a></pre>
</div>
</div>
<p>Thanks for your eyes on this. And fee free to connect with me at the links below.</p>
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		<title>WidePoint Corporation Reports Continued Positive Net Income and Consistent Growth for Fourth Quarter of 2009 &#8212; First Full Year of Bottom Line Profitability</title>
		<link>http://brettmaas.com/widepoint-corporation-reports-continued-positive-net-income-and-consistent-growth-for-fourth-quarter-of-2009-first-full-year-of-bottom-line-profitability/</link>
		<comments>http://brettmaas.com/widepoint-corporation-reports-continued-positive-net-income-and-consistent-growth-for-fourth-quarter-of-2009-first-full-year-of-bottom-line-profitability/#comments</comments>
		<pubDate>Fri, 02 Apr 2010 09:01:22 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[(NYSE-AMEX: WYY)]]></category>
		<category><![CDATA[Brett Maas]]></category>
		<category><![CDATA[Widepoint Corporation]]></category>

		<guid isPermaLink="false">http://brettmaas.com/?p=95</guid>
		<description><![CDATA[Full-Year Revenues Increase 22.2% and Q4 2009 Revenues Increase 12.5%; Full-Year Income Totals $1.4 Million; a $2.5 Million Positive Swing versus 2008 Loss; and Net Income for Q4 2009 Up Over 75% vs. Prior Year WASHINGTON, March 31 /PRNewswire-FirstCall/ &#8212; WidePoint Corporation (NYSE Amex: WYY), a specialist in wireless mobility management and cybersecurity solutions, today [...]]]></description>
			<content:encoded><![CDATA[<h2>Full-Year Revenues Increase 22.2% and Q4  2009 Revenues Increase 12.5%; Full-Year Income Totals $1.4 Million; a  $2.5 Million Positive Swing versus 2008 Loss;  and Net Income for Q4  2009 Up Over 75% vs. Prior Year</h2>
<p>WASHINGTON, March 31  /PRNewswire-FirstCall/ &#8212; WidePoint Corporation (NYSE Amex: <a title="WYY" href="http://studio-5.financialcontent.com/prnews?Page=Quote&amp;Ticker=WYY" target="_blank">WYY</a>), a specialist in wireless mobility  management and cybersecurity solutions, today announced financial  results for the three months and full year ending December  31, 2009.</p>
<p><strong>Full Year 2009  Highlights</strong></p>
<ul type="disc">
<li>Net revenue for the year ended December 31, 2009 increased 22.2% to $43.3 million from $35.5  million in last year&#8217;s comparable period.</li>
<li>Gross profit  increased 44.3% to $9.5 million (21.9%  gross margin), compared to $6.6 million  (18.6% gross margin) last year.</li>
<li>Operating income was  approximately $1.7 million, a $2.4 million improvement from an operating loss  of approximately $0.7 million during 2008.</li>
<li>WidePoint  reported its first profitable year, with net income of approximately $1.4 million, or $0.02  per diluted share, compared to a net loss of approximately $1.1 million, or ($0.02)  per diluted share, in last year&#8217;s comparable period.</li>
<li>The  Company generated approximately $5.1 million  in operating cash flow for the year and finished the year with $6.2 million in cash and cash equivalents as of December 31, 2009.</li>
</ul>
<p><strong>Fourth Quarter 2009  Highlights</strong></p>
<ul type="disc">
<li>Net revenue for the quarter ended December 31, 2009 increased 12.5% to $11.4 million from $10.2  million in last year&#8217;s comparable period.</li>
<li>Growth was  driven by a 30% year-over-year increase in Wireless Mobility Management  segment revenue and a 50% increase in Cybersecurity Solutions revenues.</li>
<li>Gross  profit increased 9.1% to $2.6 million  (22.5% gross margin), compared to $2.4 million  (23.2% gross margin).</li>
<li>Operating income was approximately $580,000, an 18.4% increase, compared to  operating income of approximately $490,000  in last year&#8217;s comparable period.</li>
<li>Net income increased 80.9% to  approximately $515,000, compared to net  income of approximately $285,000, in last  year&#8217;s comparable period.</li>
</ul>
<p><strong>Subsequent to Year  End 2009</strong></p>
<ul type="disc">
<li>In January 2010,  WidePoint through a wholly owned subsidiary, Advanced Response Concepts  Corporation, acquired the assets and relationships of VUANCE, Inc&#8217;s.  Government Solutions Division, which focuses on security solutions for  locating, credentialing, and managing critical personnel and &#8220;first  responders&#8221; in emergency management situations.</li>
</ul>
<p>Steve  Komar, CEO, WidePoint commented, &#8220;This was a solid conclusion to  an outstanding year, as we grew revenue both sequentially and  year-over-year for every quarter this year, and expanded our gross  profit and operating income steadily throughout the year. We also  generated $5.1 million in operating cash  flow to strengthen our balance sheet. Our Wireless Mobility Management  segment continues to gain traction within the federal government, and we  are increasing our presence in state and local government entities as  well, due to our proven ability to manage mobile phone assets to  optimize environments while substantially reducing expenses. In  addition, our Cybersecurity Solutions segment, due in large part to our  PKI-based Credentialing expertise, has grown significantly in the last  year, expanding 50% compared to last year. Our progress during the last  12 months provides us with a growing degree of confidence that 2010 will  represent another record year for WidePoint and its shareholders.&#8221;</p>
<p><strong>Full-Year 2009  Results</strong></p>
<p>Net revenue for the  full year ended December 31, 2009  increased $7.8 million to $43.3 million,  up 22.2%, compared to $35.5 million for  last year&#8217;s comparable period. For the full year, gross profit increased  44.3% to $9.5 million, representing 21.9%  gross margin; as compared to gross profit of $6.6  million, equating to an 18.6% gross margin realized last year.</p>
<p>Total operating  expenses were $7.8 million, or 18.0% of  revenue, for the full year ended December 31,  2009 compared to $7.3 million, or  20.6% of revenue, for the comparable period last year. WidePoint&#8217;s  operating income was approximately $1.7 million  compared to an operating loss of ($0.7) million  in the same period last year. Net income was approximately $1.4 million, or $0.02  per basic and diluted share, compared to a loss of ($1.1) million, or ($0.02)  loss per basic and diluted share, in the year ago period.</p>
<p>The Company generated  approximately $5.1 million in operating  cash flow for the year ended December 31, 2009,  and it had $6.2 million in cash and cash  equivalents as of December 31, 2009  compared to $4.4 million in cash and cash  equivalents at December 31, 2008.  Shareholders&#8217; equity increased to $14.8 million  at December 31, 2009, compared to $12.7 million at December  31, 2008.</p>
<p><strong>Fourth Quarter  Financial Results</strong></p>
<p>Net revenue for the  three months ended December 31, 2009  increased $1.2 million, or 12.5%, to $11.4 million from $10.2  million in last year&#8217;s comparable period. This was primarily due  to annual growth in the Wireless Mobility Management and Cybersecurity  Solutions segments, which increased 30% and 50%, respectively.</p>
<p>Gross profit for the  Quarter increased 9.1% to $2.6 million,  representing 22.5% gross margin, compared to $2.4  million (23.2% gross margin) last year. Total operating expenses  increased 6.7% to $2.0 million for the  quarter ended December 31, 2009 compared  to $1.9 million for the year-ago period.  However, operating expenses as a percentage of sales declined 90 basis  points to 17.5% from 18.4% in the year-ago period. WidePoint reported  operating income of approximately $580,000  in the fourth quarter, up approximately 18.4% from approximately $490,000 in the fourth quarter last year.</p>
<p>Net income was  approximately $515,000, compared to net  income of approximately $285,000, in the  year-ago period.</p>
<p>WidePoint CFO Jim McCubbin added, &#8220;During the Quarter ended,  we reported solid gains in the quarter with improved revenue and gross  margin momentum. We grew revenue by 12.5%, primarily in our Wireless  Mobility and Cybersecurity Solutions segments as we expanded our  marketing efforts and as various federal government agencies continue to  sponsor and expand their programs. Gross profit, for the quarter,  increased by 9.1% year over year primarily related to a greater mix of  higher margin services offered by these same two segments. This led to  improved operating and net margins despite the higher cost of revenue,  and continues to demonstrate the leverage in our operating model.  Lower-margin Consulting Services declined approximately 3% to $10.4 million from $10.7  million primarily due to a reduction in software reselling  activities.&#8221;</p>
<p>Mr. Komar continued,  &#8220;Subsequent to our Quarter and Year end, we acquired VUANCE, Inc&#8217;s.  Government Solutions Division software and services solution. We are  currently re-positioning this WidePoint new market solution to be  co-marketed with our existing PKI Credentialing service, and believe  this acquisition significantly enhances our leadership position in the  area of First Responder Authentication Credentialing. It also improves  our ability to meet the accelerating demands from the Department of  Homeland Security, as well as broadens our penetration of state and  local first responder markets across the country.&#8221;</p>
<p>Mr. McCubbin concluded,  &#8220;WidePoint made significant strides in expanding our profitability this  year and we expect to continue that trajectory in 2010.  For 2010,  management expects to:</p>
<ul type="disc">
<li>Increase consolidated revenues by  20-30%</li>
<li>Expand gross margins and operating margins. Management  has targeted gross margins in the range of 22-26% and operating margins  in the range of 6-8%</li>
<li>Maintain or decrease selling, general and  administrative costs as a percent of total revenue</li>
<li>Accelerate  the growth rate of net income.&#8221;</li>
</ul>
<p>Mr. Komar concluded,  &#8220;We have already identified or are bidding on the projects necessary to  achieve our 2010 goals, and we believe additional upside exists which  could potentially allow us to exceed these aggressive targets.&#8221;</p>
<p><strong>Conference Call  Information</strong></p>
<p>A conference call and  live webcast will take place at 4:30 p.m. Eastern  Time, on Wednesday, March 31, 2010.  Anyone interested in participating should call 1-888-846-5003 if  calling within the United States or  1-480-629-9856 if calling internationally. There will be a playback  available until April 6, 2010. To listen  to the playback, please call 1-800-406-7325 if calling within the United States or 1-303-590-3030 if  calling internationally. Please use pin number 4265655 for the replay.</p>
<p>The call will also be  accompanied live by webcast over the Internet and accessible at <a onclick="var  s=s_gi(s_account);s.linkTrackVars='prop5,eVar3,prop15';s.prop5='External   Link';s.eVar3=s.prop5;s.prop15='89626162';s.tl(this,'o','ExternalLink');" href="http://viavid.net/dce.aspx?sid=00007249" target="_blank">http://viavid.net/dce.aspx?sid=00007249</a>.</p>
<p><strong>About WidePoint</strong></p>
<p>WidePoint is a  specialist in providing wireless mobility management and cybersecurity  solutions utilizing its advanced information technology products and  services. WidePoint has several wholly owned subsidiaries holding major  government and commercial contracts including, Operational Research  Consultants, Inc., iSYS, LLC, Protexx, Advanced Response Concepts, Inc.,  and WidePoint IL. WidePoint enables organizations to deploy fully  compliant IT services in accordance with government-mandated regulations  and advanced system requirements. For more information, visit <a onclick="var  s=s_gi(s_account);s.linkTrackVars='prop5,eVar3,prop15';s.prop5='External   Link';s.eVar3=s.prop5;s.prop15='89626162';s.tl(this,'o','ExternalLink');" href="http://www.widepoint.com/" target="_blank">http://www.widepoint.com</a>.</p>
<p><em>Safe-Harbor  Statement under the Private Securities Litigation Reform Act of 1995:  This press release may contain forward-looking information within the  meaning of Section 21E of the Securities Exchange Act of 1934, as  amended (the Exchange Act), including all statements that are not  statements of historical fact regarding the intent, belief or current  expectations of the company, its directors or its officers with respect  to, among other things: (i) the company&#8217;s financing plans; (ii) trends  affecting the company&#8217;s financial condition or results of operations;  (iii) the company&#8217;s growth strategy and operating strategy; (iv) the  declaration and payment of dividends; and (v) the risk factors disclosed  in the Company&#8217;s periodic reports filed with the SEC. The words &#8220;may,&#8221;  &#8220;would,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;intend&#8221;  and similar expressions and variations thereof are intended to identify  forward-looking statements. Investors are cautioned that any such  forward-looking statements are not guarantees of future performance and  involve risks and uncertainties, many of which are beyond the company&#8217;s  ability to control, and that actual results may differ materially from  those projected in the forward-looking statements as a result of various  factors including the risk factors disclosed in the company&#8217;s Forms  10-K and 10-Q filed with the SEC.</em></p>
<div>
<div>
<table border="0" cellspacing="0" cellpadding="3">
<col></col>
<col></col>
<tbody>
<tr>
<td colspan="2" valign="bottom"><strong>For More Information:</strong></td>
<td></td>
</tr>
<tr>
<td colspan="2" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Jim McCubbin, EVP &amp; CFO</td>
<td valign="bottom"><a href="http://brettmaas.com/" target="_blank">Brett Maas</a> or Dave  Fore</td>
<td></td>
</tr>
<tr>
<td valign="bottom">WidePoint  Corporation</td>
<td valign="bottom">Hayden IR</td>
<td></td>
</tr>
<tr>
<td valign="bottom">7926  Jones Branch Drive, Suite 520</td>
<td valign="bottom">(646) 536-7331</td>
<td></td>
</tr>
<tr>
<td valign="bottom">McLean,  VA 22102</td>
<td valign="bottom"><a title="brett@haydenir.com" onclick="var  s=s_gi(s_account);s.linkTrackVars='prop5,eVar3,prop15';s.prop5='External   Link';s.eVar3=s.prop5;s.prop15='89626162';s.tl(this,'o','ExternalLink');" href="mailto:brett@haydenir.com" target="_blank">brett@haydenir.com</a></td>
<td></td>
</tr>
<tr>
<td valign="bottom">(703)  349-2577</td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"><a title="jmccubbin@widepoint.com" onclick="var  s=s_gi(s_account);s.linkTrackVars='prop5,eVar3,prop15';s.prop5='External   Link';s.eVar3=s.prop5;s.prop15='89626162';s.tl(this,'o','ExternalLink');" href="mailto:jmccubbin@widepoint.com" target="_blank">jmccubbin@widepoint.com</a></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td colspan="2" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td colspan="2" valign="bottom">-tables follow-</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>
</div>
<div>
<div>
<table border="0" cellspacing="0" cellpadding="3">
<col></col>
<col></col>
<col></col>
<tbody>
<tr>
<td colspan="3" valign="bottom"><span style="text-decoration: underline;"><strong>WIDEPOINT CORPORATION AND SUBSIDIARIES</strong></span></td>
<td></td>
</tr>
<tr>
<td valign="bottom"><strong>Consolidated  Balance Sheets</strong></td>
<td colspan="2" valign="bottom"><strong>December 31,</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"><strong>2009</strong></td>
<td valign="bottom"><strong>200</strong><strong>8</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"><strong>Assets</strong></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Current assets:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash and cash  equivalents</td>
<td valign="bottom">$   6,238,788</td>
<td valign="bottom">$   4,375,426</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Accounts receivable, net of allowance of $52,650, $0  and $0, respectively</td>
<td valign="bottom">7,055,525</td>
<td valign="bottom">5,282,192</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Unbilled accounts receivable</td>
<td valign="bottom">1,334,455</td>
<td valign="bottom">2,301,893</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Prepaid expenses and other assets</td>
<td valign="bottom">359,563</td>
<td valign="bottom">267,666</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Total current assets</td>
<td valign="bottom">14,988,331</td>
<td valign="bottom">12,227,177</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Property and equipment, net</td>
<td valign="bottom">538,811</td>
<td valign="bottom">431,189</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Goodwill</td>
<td valign="bottom">9,770,647</td>
<td valign="bottom">8,575,881</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Intangibles,net</td>
<td valign="bottom">1,381,580</td>
<td valign="bottom">2,236,563</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Other assets</td>
<td valign="bottom">75,718</td>
<td valign="bottom">110,808</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Total assets</td>
<td valign="bottom">$ 26,755,087</td>
<td valign="bottom">$ 23,581,618</td>
<td></td>
</tr>
<tr>
<td valign="bottom"><strong>Liabilities and stockholders&#8217; equity</strong></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Current  liabilities:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Related party  note payable</td>
<td valign="bottom">$                   -</td>
<td valign="bottom">$   2,140,000</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Short term note payable</td>
<td valign="bottom">102,074</td>
<td valign="bottom">97,158</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Accounts payable</td>
<td valign="bottom">7,120,168</td>
<td valign="bottom">2,465,394</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Accrued expenses</td>
<td valign="bottom">2,304,995</td>
<td valign="bottom">2,548,106</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Deferred revenue</td>
<td valign="bottom">768,504</td>
<td valign="bottom">1,667,969</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Short-term portion of long-term debt</td>
<td valign="bottom">520,855</td>
<td valign="bottom">486,707</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Short-term portion of deferred rent</td>
<td valign="bottom">54,497</td>
<td valign="bottom">-</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Short-term portion of capital lease obligation</td>
<td valign="bottom">112,576</td>
<td valign="bottom">107,141</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Total current liabilities</td>
<td valign="bottom">10,983,669</td>
<td valign="bottom">9,512,475</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Deferred income tax liability</td>
<td valign="bottom">313,782</td>
<td valign="bottom">156,891</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Long-term debt, net of current portion</td>
<td valign="bottom">604,048</td>
<td valign="bottom">1,117,230</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Deferred rent, net of current portion</td>
<td valign="bottom">7,312</td>
<td valign="bottom">-</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Capital lease obligation, net of current portion</td>
<td valign="bottom">67,632</td>
<td valign="bottom">95,248</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Total liabilities</td>
<td valign="bottom">11,976,443</td>
<td valign="bottom">10,881,844</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Stockholders&#8217;  equity:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Common stock,  $0.001 par value; 110,000,000 shares authorized; 61,375,333 and  58,275,514 shares issued and outstanding, respectively</td>
<td valign="bottom">61,375</td>
<td valign="bottom">58,276</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Stock warrants</td>
<td valign="bottom">24,375</td>
<td valign="bottom">38,666</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Additional paid-in capital</td>
<td valign="bottom">67,874,394</td>
<td valign="bottom">67,194,788</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Accumulated deficit</td>
<td valign="bottom">(53,181,500)</td>
<td valign="bottom">(54,591,956)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Total stockholders&#8217; equity</td>
<td valign="bottom">14,778,644</td>
<td valign="bottom">12,699,774</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Total liabilities and stockholders&#8217; equity</td>
<td valign="bottom">$ 26,755,087</td>
<td valign="bottom">$ 23,581,618</td>
<td></td>
</tr>
<tr>
<td colspan="3" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>
</div>
<div>
<div>
<table border="0" cellspacing="0" cellpadding="3">
<col></col>
<col></col>
<col></col>
<tbody>
<tr>
<td colspan="3" valign="bottom"><span style="text-decoration: underline;"><strong>WIDEPOINT CORPORATION AND SUBSIDIARIES</strong></span><br />
<strong>Consolidated Statements of Operations</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td colspan="2" valign="bottom"><strong>For the Years Ended </strong></p>
<p><strong>December 31,</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"><strong>2009</strong></td>
<td valign="bottom"><strong>200</strong><strong>8</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Revenues, net</td>
<td valign="bottom">$ 43,344,053</td>
<td valign="bottom">$ 35,458,953</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cost of revenues (including depreciation and amortization of  $950,947 and $846,340, respectively)</td>
<td valign="bottom">33,845,685</td>
<td valign="bottom">28,877,994</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Gross profit</td>
<td valign="bottom">9,498,368</td>
<td valign="bottom">6,580,959</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Sales and  marketing</td>
<td valign="bottom">1,145,955</td>
<td valign="bottom">901,007</td>
<td></td>
</tr>
<tr>
<td valign="bottom">General and administrative  (including stock compensation expense of $146,782 and $563,108,  respectively)</td>
<td valign="bottom">6,456,870</td>
<td valign="bottom">6,246,914</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Depreciation expense</td>
<td valign="bottom">179,413</td>
<td valign="bottom">160,565</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Income (loss) from operations</td>
<td valign="bottom">1,716,130</td>
<td valign="bottom">(727,527)</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Other income  (expenses):</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Interest  income</td>
<td valign="bottom">27,690</td>
<td valign="bottom">134,531</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Interest expense</td>
<td valign="bottom">(176,424)</td>
<td valign="bottom">(336,638)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Other expense</td>
<td valign="bottom">(49)</td>
<td valign="bottom">(3,927)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net income (loss) before provision  for income taxes</td>
<td valign="bottom">1,567,347</td>
<td valign="bottom">(933,561)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Deferred income tax expense</td>
<td valign="bottom">156,891</td>
<td valign="bottom">156,891</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net income  (loss)</td>
<td valign="bottom">$   1,410,456</td>
<td valign="bottom">$    (1,090,452)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Basic net income (loss) per share</td>
<td valign="bottom">$             0.02</td>
<td valign="bottom">$      (0.02)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Basic weighted-average shares outstanding</td>
<td valign="bottom">59,419,383</td>
<td valign="bottom">56,673,952</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Diluted net income (loss) per share</td>
<td valign="bottom">$              0.02</td>
<td valign="bottom">$      (0.02)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Diluted weighted-average shares outstanding</td>
<td valign="bottom">60,608,984</td>
<td valign="bottom">56,673,952</td>
<td></td>
</tr>
<tr>
<td colspan="3" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>
</div>
<div>
<div>
<table border="0" cellspacing="0" cellpadding="3">
<col></col>
<col></col>
<col></col>
<col></col>
<col></col>
<col></col>
<tbody>
<tr>
<td colspan="6" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td colspan="3" valign="bottom"><span style="text-decoration: underline;"><strong>WIDEPOINT  CORPORATION AND SUBSIDIARIES</strong></span></p>
<p>Consolidated  Statements of Operations</td>
<td colspan="3" valign="bottom"><strong>For  the Three Months Ended</strong></p>
<p><strong>December 31,</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><span style="text-decoration: underline;"><strong>2009</strong></span></td>
<td valign="bottom"></td>
<td valign="bottom"><span style="text-decoration: underline;"><strong>2008</strong></span></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Revenues, net</td>
<td valign="bottom"></td>
<td valign="bottom">11,437,596</td>
<td valign="bottom"></td>
<td valign="bottom">10,165,884</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Cost of sales</td>
<td valign="bottom"></td>
<td valign="bottom">8,858,906</td>
<td valign="bottom"></td>
<td valign="bottom">7,802,760</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Gross profit</td>
<td valign="bottom"></td>
<td valign="bottom">2,578,690</td>
<td valign="bottom"></td>
<td valign="bottom">2,363,124</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Operating expenses</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Sales and marketing</td>
<td valign="bottom"></td>
<td valign="bottom">318,042</td>
<td valign="bottom"></td>
<td valign="bottom">225,506</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">General and  administrative</td>
<td valign="bottom"></td>
<td valign="bottom">1,632,200</td>
<td valign="bottom"></td>
<td valign="bottom">1,604,388</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Depreciation expense</td>
<td valign="bottom"></td>
<td valign="bottom">48,414</td>
<td valign="bottom"></td>
<td valign="bottom">43,361</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Total operating expenses</td>
<td valign="bottom"></td>
<td valign="bottom">1,998,656</td>
<td valign="bottom"></td>
<td valign="bottom">1,873,255</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Income from operations</td>
<td valign="bottom"></td>
<td valign="bottom">580,034</td>
<td valign="bottom"></td>
<td valign="bottom">489,869</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Other income (expense)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Interest income</td>
<td valign="bottom"></td>
<td valign="bottom">5,403</td>
<td valign="bottom"></td>
<td valign="bottom">28,758</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Interest expense</td>
<td valign="bottom"></td>
<td valign="bottom">(30,746)</td>
<td valign="bottom"></td>
<td valign="bottom">(74,492)</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Other expense</td>
<td valign="bottom"></td>
<td valign="bottom">-</td>
<td valign="bottom"></td>
<td valign="bottom">(2,229)</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Total other income  (expense)</td>
<td valign="bottom"></td>
<td valign="bottom">(25,343)</td>
<td valign="bottom"></td>
<td valign="bottom">(47,963)</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Income before income  taxes</td>
<td valign="bottom"></td>
<td valign="bottom">554,691</td>
<td valign="bottom"></td>
<td valign="bottom">441,906</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Deferred income tax  expense</td>
<td valign="bottom"></td>
<td valign="bottom">39,223</td>
<td valign="bottom"></td>
<td valign="bottom">156,891</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom">Net income (loss)</td>
<td valign="bottom"></td>
<td valign="bottom">515,468</td>
<td valign="bottom"></td>
<td valign="bottom">285,015</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td colspan="6" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>
</div>
<div>
<div>
<table border="0" cellspacing="0" cellpadding="3">
<col></col>
<col></col>
<col></col>
<tbody>
<tr>
<td colspan="3" valign="bottom"><span style="text-decoration: underline;"><strong>WIDEPOINT CORPORATION AND SUBSIDIARIES</strong></span></p>
<p><strong>Consolidated Statements of Cash Flows</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td colspan="2" valign="bottom"><strong>For the Years  Ended December 31,</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"><strong>2009</strong></td>
<td valign="bottom"><strong>200</strong><strong>8</strong></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash flows  from operating activities:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net earnings (loss)</td>
<td valign="bottom">$ 1,410,456</td>
<td valign="bottom">$ (1,090,452)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Adjustments to reconcile net  earnings (loss) to net cash provided by operating activities</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Deferred  income tax expense</td>
<td valign="bottom">156,891</td>
<td valign="bottom">156,891</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Depreciation expense</td>
<td valign="bottom">244,980</td>
<td valign="bottom">218,052</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Amortization expense</td>
<td valign="bottom">885,380</td>
<td valign="bottom">788,852</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Amortization of deferred financing  costs</td>
<td valign="bottom">9,576</td>
<td valign="bottom">8,571</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Share-based compensation  expense</td>
<td valign="bottom">146,782</td>
<td valign="bottom">563,108</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Loss on disposal of  equipment</td>
<td valign="bottom">49</td>
<td valign="bottom">3,927</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Changes in assets and liabilities,  net of business combination –</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Accounts  receivable and unbilled accounts receivable</td>
<td valign="bottom">(805,895)</td>
<td valign="bottom">1,436,910</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Prepaid expenses and other assets</td>
<td valign="bottom">123,096</td>
<td valign="bottom">145,411</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Accounts payable and accrued expenses</td>
<td valign="bottom">3,802,779</td>
<td valign="bottom">(1,123,802)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Deferred revenue</td>
<td valign="bottom">(899,465)</td>
<td valign="bottom">1,571,295</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net cash provided by operating  activities</td>
<td valign="bottom">5,074,629</td>
<td valign="bottom">2,678,763</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash flows from investing  activities:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Purchase of asset/subsidiary, net of cash</p>
<p>Acquired</td>
<td valign="bottom">(171,191)</td>
<td valign="bottom">(5,192,020)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Software  development costs</td>
<td valign="bottom">(30,397)</td>
<td valign="bottom">(123,490)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Proceeds from  sale of office equipment</td>
<td valign="bottom">—</td>
<td valign="bottom">250</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Purchases of property and  equipment</td>
<td valign="bottom">(258,249)</td>
<td valign="bottom">(96,300)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net cash used in investing  activities</td>
<td valign="bottom">(459,837)</td>
<td valign="bottom">(5,411,560)</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash flows from financing activities:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Borrowings on notes payable</td>
<td valign="bottom">400,737</td>
<td valign="bottom">3,800,000</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Principal payments on notes  payable</td>
<td valign="bottom">(3,027,334)</td>
<td valign="bottom">(2,315,060)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Principal payments under capital  lease obligation</td>
<td valign="bottom">(116,583)</td>
<td valign="bottom">(120,307)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Costs related to renewal fee for  line of credit</td>
<td valign="bottom">(12,000)</td>
<td valign="bottom">—</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Costs related to financing  purchase of subsidiary</td>
<td valign="bottom">—</td>
<td valign="bottom">(13,713)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Proceeds from issuance of stock</td>
<td valign="bottom">—</td>
<td valign="bottom">4,080,000</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Costs related to issuance of stock</td>
<td valign="bottom">—</td>
<td valign="bottom">(169,088)</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Proceeds from exercise of stock  options</td>
<td valign="bottom">3,750</td>
<td valign="bottom">14,400</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net cash (used in) provided by  financing activities</td>
<td valign="bottom">(2,751,430)</td>
<td valign="bottom">5,276,232</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Net increase  in cash</td>
<td valign="bottom">1,863,362</td>
<td valign="bottom">2,543,435</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash and cash  equivalents, beginning of period</td>
<td valign="bottom">4,375,426</td>
<td valign="bottom">1,831,991</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash and cash  equivalents, ending of period</td>
<td valign="bottom">$   6,238,788</td>
<td valign="bottom">$    4,375,426</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Supplementary cash flow information:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Cash paid for–</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Interest</td>
<td valign="bottom">$       321,780</td>
<td valign="bottom">$        178,088</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Income taxes</td>
<td valign="bottom">$                —</td>
<td valign="bottom">$                 —</td>
<td></td>
</tr>
<tr>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Supplementary Disclosure of non-cash Investing and  Financing Activities:</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
</tr>
<tr>
<td valign="bottom">Promissory Note issued for iSYS  Acquisition</td>
<td valign="bottom">$                —</td>
<td valign="bottom">$     2,000,000</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Value of 1.5 million common shares issued as  consideration in the acquisition of iSYS</td>
<td valign="bottom">$                —</td>
<td valign="bottom">$     1,800,000</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Value of 690,510 and 184,817 earnout shares issued as  additional consideration in the acquisition of iSYS</td>
<td valign="bottom">$       517,882</td>
<td valign="bottom">$          38,812</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Insurance  policies financed by short term notes payable</td>
<td valign="bottom">$       152,479</td>
<td valign="bottom">$        142,657</td>
<td></td>
</tr>
<tr>
<td valign="bottom">Capital leases  for acquisition of property and equipment</td>
<td valign="bottom">$         94,402</td>
<td valign="bottom">$          41,473</td>
<td></td>
</tr>
<tr>
<td colspan="3" valign="bottom"></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>
</div>
<p>SOURCE  WidePoint Corporation</p>
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