NEWS RELEASE

For More Information Contact:

Ingrid Andrews
Creative Marketing Group
760-438-3399

Marti Colwell
iMarkup Solutions, Inc.
877-MARKUP1 Ext. 251

 

iMARKUP ANNOUNCES RECORD NUMBER OF NEW CUSTOMERS, REVENUE IN Q4

Acceptance of Unique Workflow Engine, Automated Review and Approval and New Capabilities Contribute to Dramatic Growth

 

 

SAN DIEGO, California (February 2, 2004) –- iMarkup Solutions, an innovative provider of web-based document management and collaboration tools, today announced record revenue for the quarter ending December 31, 2003. The company also added a record number of customers during this timeframe, companies headquartered throughout the U.S., Europe and Asia Pacific.

     Despite some negative industry trends and a challenging sales environment, results for 2003 contributed to a revenue increase of 89% over the prior year fourth quarter sales. A significant factor in this growth was the acceptance of the company’s workflow engine and automated review and approval capabilities which enable companies to mirror existing business processes, while providing users with the ability to manage, collaborate on and approve both documents and digital content.

     New customers include Capita Group PLC (UK), Citigroup, DePuy (a Johnson & Johnson Company), Florida Hospital, H&R Block, Metropolitan Chicago Healthcare, the National Opinion Resource Center, North Staffordshire Health Authority (UK), the State of North Dakota, Strong Financial and Sydney Ports (Australia.)

     “These outstanding results deliver a clear message that iMarkup is addressing the needs of the Global 2000 – and that iMarkup Server v4 provides the robust, customer-focused technology that companies are seeking,” stated John O’Brien, president and CEO.

     Pharmaceutical, health care, financial services and government agencies have an ongoing requirement to collect, create, review, approve and maintain documents and digital content. According to Bob Brearley, Director of MIS with Metropolitan Chicago Healthcare and a user of iMarkup Server v4, “We run two extranets, two intranets and the second largest poison control center in the U.S. Using iMarkup’s software our employees, from administrators to directors, can easily review, approve and publish their documents and keep the web sites current. This is not vaporware -- iMarkup’s product works as advertised.”

     iMarkup Server v4 addresses the needs of business users to provide an easy way to manage, distribute, locate, collaborate, share and review documents and digital content -- supporting users in all stages of the document lifecycle. The product offers a web-based interface that can be easily customized and a workflow engine that mirrors existing processes and has been specifically designed for business users. iMarkup Server v4 allows users to control, and subsequently publish, approved documents, eliminating the need to involve IT.

     "The outlook for 2004 is equally promising. We are excited about the opportunities we see -- including helping our clients maintain compliance with various regulatory mandates. And we expect to set another revenue record in 2004, ending the year with an exclamation mark,” concluded O’Brien.

About iMarkup Solutions

     iMarkup Solutions (www.imarkup.com) is an innovative provider of web-based collaboration and workflow solutions for digital content and document management. The company is focused on tools that improve workflow, enabling users to maximize their efficiency and work as intelligently with digital content as they do with paper-based information. The iMarkup product line includes iMarkup Server v4, iMarkup Client and the Java Annotation SDK. iMarkup’s technology has earned numerous awards and recognition from publications such as ZDNet, Computerworld, Internet World, InternetWeek and eDoc and at major tradeshows including Networld + Interop and Internet World. iMarkup Solutions is privately held and headquartered in San Diego, California. For more information, call 877-MARKUP1 or visit www.imarkup.com.

     The iMarkup name and logo are the registered service and trademarks of iMarkup Solutions, Inc. Notice to editors: iMarkup graphics, reviews and more are available online at www.imarkup.com/press.

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