| BOULDER, Colo., Oct. 28 /PRNewswire-FirstCall/ -- Front Porch Digital, Inc. (OTC Bulletin Board: FPDI - News) today announced that it changed its name to Incentra Solutions Inc. (www.incentrasolutions.com) on October 25, 2004, and that, effective at the opening of trading on Friday, October 29, 2004, the Company's Over the Counter Bulletin Board trading symbol will change to "ICEN." On October 27, 2004, the Company also received a new CUSIP identification number (#45326F108) for its common stock.
Chairman and CEO, Thomas P. Sweeney, commented, "The Company changed its name to better reflect the recently combined businesses of Front Porch and ManagedStorage International. We believe we are now well positioned to accelerate penetration of existing markets and to expand into related markets." To support this strategy, the Company announced that it has amended its funding agreement with Laurus Funds to release to the Company approximately $3 million of previously restricted funds for general corporate use.
The Company will maintain its divisional brands in Front Porch Digital Broadcast & Media Services and ManagedStorage International (MSI). Sweeney remains Chairman and CEO of Incentra Solutions, Inc. and President of ManagedStorage International. Michael Knaisch continues to serve as President of the Front Porch Digital Broadcast & Media Services group.
Holders of common stock certificates that desire to exchange their certificates for certificates that have the new corporate name and CUSIP number may do so by mailing the certificates to the Company's transfer agent, Interwest Transfer Company, Inc., at 1981 East Murray Holladay Road, Suite 100, P.O. Box 17136, Salt Lake City, UT 84117 to the attention of Catherine Leaututu. Holders of common stock in brokerage accounts should contact their stockbrokers. Any costs associated with the exchange will be the responsibility of the shareholder.
About Incentra Solutions, Inc.
MANAGEMENT SPEAKS OUT REGARDING STOCK PRICE IRREGULARITIES:
BOULDER, Colo., Aug 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- Incentra
Solutions, Inc. (OTC Bulletin Board: ICNS) said today that it knows of no
fundamental reason for the recent decline in the share price of its common
stock. The company recently reported $17.6 million in revenues for the second
quarter compared to $13.9 million in pro-forma revenue for the second quarter of
last year, a 27 percent increase over the previous period. At an annualized
revenue run rate of more than $65 million, the Company is quickly approaching a
sustainable positive cash flow position from operations. The Company believes
that its anticipated cash flow from operations combined with its current cash
and cash equivalents will meet its current working capital and capital
expenditure requirements.
Chairman and CEO Thomas P. Sweeney noted, "We strongly believe that our shares
are undervalued and that our current levels of business and outlook for this
year and beyond support a much higher valuation. Broad industry trends in both
enterprise storage and in the broadcast business are favorable and our order
rates continue to be very robust in both sectors with more than sufficient
volume to support achieving our revenue goals for 2005."
The Company also reported that it has stepped up its efforts in the areas of
investor outreach and will be attending a number of financial industry sponsored
events in the coming weeks in an effort to create a broader audience within the
investment community.
About Incentra Solutions, Inc.
Incentra Solutions, Inc. (www.incentrasolutions.com, OTCBB: ICNS) is a provider
of complete IT & storage management solutions to broadcasters, enterprises and
managed service providers worldwide. Incentra's complete solution includes
professional services, hardware & software products with first call support, IT
outsourcing solutions and financing options. To the broadcast market, Incentra
delivers complete digital archive management and transcoding solutions built on
its IT and storage expertise and offerings.
FROM DVDW REGARDING PRESENT STATE OF FLOAT:
I wanted to provide the Yahoo link to historical pricing
But dont bother clicking it, because the data is gone. More System effects to masquerade its own prevailing need. The absence of information to a broader audience is material. Those of us who have years of monitoring, dont need the data, but as Mr Sweeny attempts to broaden the awareness about the company, newbies will not be able to assess the current state.
Lest anyone have any doubts, the current state is Lock UP. There are no shares for sale, and the other days attempted larceny was met head on by those in the know.
Systems have a Naked Short Problem here that is over a year old, we know this from monitoring the daily trade, post the reverse split, the issues surrounding Berlin were only marginally addressed, so few sellers materialized that the entire trade has been outed. With each passing hour, Systems are exposed for what they are.
Its a wake up call like what has happened here that exposes the entire trade to the eyes of the world, "Price is an artifact of prevailing systems Intent". All action here is fundamental to meet System goals of wresting away shares to cover the gross material shortfall of in place systems. The question is how many of every share is loaned once, twice , three times, at every broker dealer. Sunlight is the best disinfectant; everyone who owns shares of this company has been the target of a Rinse cyle party where despite our forced participation, we didnt show up to deliver unto systems hands the shares they needed to reconstruct a semblence of liquidity and market making integrity.
This is a casebook company for the public at large. If you learn Nothing else. Learn the lessons of the underlayment from what you've come to know as this companies trade..
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