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| "The application they provided for us and their service are fantastic." |
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| Ross Appenzeller - XL Aerospace |
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Warp 9 Signs Licensing Agreement for Patent-Pending Mobile Technology
November 6, 2007 -- Santa Barbara, CA -- Warp 9, Inc. (OTCBB: WNYN), the premier provider of robust e-commerce platforms and services, announces the licensing of its patent-pending mobile technology on a non-exclusive basis to Zingerang Software.
Zingerang Software is a startup company founded by Michael Chuises, former Roaming Messenger Vice-President of Engineering. Prior to that, Mr. Chuises was the lead software engineer and architect for GoAmerica's (Nasdaq: GOAM) Go.Web wireless enterprise product.
Under the terms of the agreement, the Zingerang Software will, on a non-exclusive basis, license Warp 9's mobile technology and certain trademarks. Should Zingerang Software succeed in generating revenue, Warp 9 will receive royalties based on a percentage of gross sales. Warp 9 will retain ownership of the technology and trademarks. And, perhaps most importantly, Warp 9 will have ownership over any improvements and derivatives created by Zingerang Software.
"This agreement allows us to continue to enhance and augment our Intellectual Property portfolio while exploring other ways to otherwise license or leverage our mobile technology. Importantly, it allows us to do so in a manner that does not distract us from our current core focus of e-commerce and our execution of product development and sales in this product line where we derive the great majority of our revenue," said Harinder Dhillon, Warp 9's CEO.
About WARP 9
Warp 9, Inc. is the premier provider of robust e-commerce platforms and services for the catalog and retail industry. Its comprehensive and scalable suite of software platforms are designed to help online retailers maximize the Internet channel by applying Warp 9's advanced technologies for online catalogs, e-mail marketing campaigns, and interactive visual merchandising. With a proven track record and years of experience in the industry, Warp 9 helps businesses leverage the Internet channel to lower costs and increase sales. Offered on a fully managed software-as-a-service model, Warp 9 products allow customers to focus on their core business, rather than technical implementations.
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Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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