/ CORRECTION - Dovarri
26 Febbraio 2008 - 6:50PM
Marketwired
HOUSTON, TX , we are advised by the company that there are
numerous corrections and additions to the release originally
issued, including new contact information. Complete corrected text
follows.
Letter From the President of Dovarri
HOUSTON, TX -- February 26, 2008 -- Dovarri, Inc. (PINKSHEETS:
DVAR)
Dear Shareholders,
I have a lot of exciting news about your investment in Dovarri
(PINKSHEETS: DVAR)! The past year has seen amazing progress towards
our goal of completing and bringing to market the newest version of
our software, Dovarri 7.0 Orizon. We developed Orizon on the
Microsoft Windows SharePoint Services platform and expect testing
to be completed by the end of February. Orizon has already been
presented to several major companies who will wait for the
program's availability. With the potential of closing as many as
10,000 seats as soon as Orizon is released, we could generate over
$12 million in annual revenues, right out of the starting gate!
Excitement in the media is also building. They really like the
Dovarri story. On January 8th I was invited to appear on the
nationally-syndicated radio show of Jim Blasingame
(www.smallbusinessadvocate.com). The Houston Business Journal (HBJ)
interviewed me for an article published February 1st
(www.bizjournals.com/houston), which was followed by an hour long
appearance on The Houston Business Guide's CEO Show, February 6th.
I've also been invited several times to speak on CNN Radio, most
recently on February 11th (www.stevenkaylive.com).
A Forbes article on January 18th describes our industry,
providing software as a service (SaaS), as recession-proof,
pointing out that SaaS thrived during the "dot com" bust ("A
Recession-Proof Corner of the Tech Industry" by Sramana Mitra;
www.forbes.com). During recessionary times, businesses usually
avoid large capital expenditure, except in services that manage
vital functions such as payroll, travel, communications and sales.
Software purchases now focus on managing and analyzing specific
business processes and frequently are delivered over the Internet.
Companies no longer accept the one-size-fits-all, but expect the
capabilities to customize their solutions. Orizon is the only CRM
product specifically designed to be intuitive and easy to use and
customize. It is specifically engineered to help control costs and
drive an increase in profits. Dovarri is at the forefront of this
major shift in the way companies buy and use software.
We are in the final discussions to sign contracts with two major
international resellers who will drive us into the European and
Asian markets. Announcements will be made as soon as these deals
are finalized. Negotiations are almost complete with several U.S.
based resellers, names that you will recognize. With these
resellers, we expect to see significant sales as soon as we release
Orizon.
This is the right industry to be in, and the right time. When
our competitors have gone public, they have been consistently
well-received. The stock market currently values SalesForce.com,
our most direct competition, with a current Price to Earnings Ratio
of 604.56. With over 25 million small to medium-sized businesses in
the U.S., our market is enormous and largely untapped.
Look forward to more exciting announcements. There are several
big things in the works and some state-of-the-art developments in
Orizon to show the world.
Sincerely,
Geary Broadnax
President and CEO
This report contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, without limitation, statements as to the expectations,
beliefs and future expected financial performance of the Company
that are based on current expectations and are subject to certain
risks, trends and uncertainties that could cause actual results to
differ materially from those projected by the Company. Among the
factors that could cause actual results to differ materially
include conditions in the capital markets, including the interest
rate, environment and the availability of capital, changes in the
competitive marketplace that could affect the Company's revenue
and/or cost and expenses, or changes in technology or customer
requirements, which could render the Company's technologies
noncompetitive or obsolete.
Contact: Sandy Arnett Dovarri Investor Relations 713.882.3594
http://www.dovarri.com
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