April 11, 2007
Innuity Signs Services Agreement with Amerivon
Premier Retailing Firm to Help Expand Innuity’s Presence in Mass Market Retail Distribution
REDMOND, Wash. (April 11, 2007) – Innuity, Inc. (OTC BB: INNU), a Software as a Service (SaaS) company that designs, acquires and integrates affordable solutions for small business, today announced that the company has signed a services agreement with Amerivon, a leading mass market retail distribution firm.
With an established track record of getting products with high volume potential, into wholesale clubs, “big box” business retailers and other traditional retailers, Amerivon helps build long-term retail relationships between representative companies and retailers. As a result of this new agreement with Innuity, Amerivon will have the opportunity to expand its mass market distribution offerings with Innuity’s SaaS offerings.
This agreement also gives Innuity, currently selling its SaaS offerings via private label under the Sam’s Club brand since 2004, a strong platform by which to broaden its mass market distribution strategy. Innuity plans to sell its SaaS offerings either under the Innuity brand, the retail partner’s brand or via a combined Innuity-retailer brand. Innuity and Amerivon have already begun discussions with representative retailers for targeted product distribution anticipated by early 2008.
“This Amerivon retail agreement to further penetrate the mass retail market with our small business information solutions puts Innuity on an accelerated customer acquisition path,” said John Wall, Innuity chairman and CEO. “We are extremely pleased to have partnered with such a respected leader in the mass market distribution community and are looking forward to establishing long-term relationships with a wide variety of mass market retailers.”
About InnuityHeadquartered in Redmond, WA, Innuity is Software as a Service (SaaS) company that designs,acquires and integrates applications to deliver solutions for small business. Innuity’s Internettechnology is based on an affordable, on-demand model that allows small businesses to simply interact with customers, business partners and vendors and efficiently manage their businesses. Innuity delivers its on-demand applications through its Internet technology platform, Innuity Velocity™. The Velocity technology platform enables use-based pricing, provides the opportunity to choose applications individually or as an integrated suite and requires minimum start-up costs and maintenance. For more information on Innuity and LeadConnect, go to www.innuity.com and leadconnect.innuity.com.
About AmerivonAmerivon helps companies accelerate growth opportunities in mass market retail channels by providing retail distribution, consulting in growth planning and management and capital. Amerivon’s unique approach helps companies effectively plan, prepare, and execute mass market retail channel strategies, while providing the capital necessary to achieve enduring success. Amerivon’s portfolio includes emerging growth companies just entering mass market retail distribution, established companies seeking national retail expansion, capital and rapid growth planning and market leaders seeking introductions to key retailers. For more information on Amerivon, visit www.amerivon.com.
Forward-Looking StatementsThis press release contains forward-looking statements and information (within the meaning of the Private Securities Litigation Reform Act of 1995), about our financial results and estimates, business prospects, new products, and products under development, all of which involve substantial risk and uncertainties. For example, our business depends in part on the market's adoption of our new product offerings, and our ability to increase our selection of value-added Internet technology applications and solutions, through either internal development or agreements with third parties. Our business will be harmed if our new product offerings are slow to be adopted, or if we are unable to develop or offer additional Internet technology applications and solutions in a timely and cost-effective manner. To expand our Internet technology solutions offerings, we may need to license or acquire other technologies or businesses. We may find that it is difficult to identify or conclude such acquisitions on favorable terms, or to integrate future technology or business acquisitions, which could limit our growth, disrupt our business and adversely affect our operating results. Other factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products and services, our ability to compete with competitors, and those included in our annual report on Form 10-KSB, as well as other documents we periodically file with the Securities and Exchange Commission.
Jordan Silverstein & Christine Berni
The Investor Relations Group