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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 Clients Outperform Industry Average for 2006 Holiday E-Commerce Sales
Users of Warp 9's Internet Commerce System More Than Double the Industry Average as Online Retailing Breaks $100 Billion Mark
January 11, 2007 - Santa Barbara, CA - Warp 9, Inc. (OTCBB: WNYN), the premier provider of robust e-commerce platforms and services, today reports that its clients across the board have experienced substantially higher sales for the holiday season compared to the industry average. Warp 9 attributes this success to its comprehensive offering of e-commerce products and services along with a partnering approach that helps clients succeed online. The holidays are over and the numbers are in. ComScore Networks, the global leader in measuring the digital age, released their report last week on consumer spending through U.S. e-commerce websites during 2006 and the holiday season. According to ComScore, total online spending increased from $82.3 billion in 2005 to $102.1 in 2006, representing a 25% increase. For the holiday season, from November 1 to December 31, online spending rose 26% from $19.6 billion in 2005 to $24.6 billion in 2006.
ComScore's chairman said, "2006 was certainly an exceptional year for online retailers as e-commerce spending eclipsed $100 billion for the first time, and growth remains very strong with a 24-percent increase versus last year."
An internal study across a number of clients that have been on the Warp 9 platform throughout 2005 and 2006 shows that holiday sales for those clients far exceeded the industry average measured by ComScore. While year-end growth varied by client, the results of holiday sales growth was loud and clear. Warp 9 clients' growth ranged from 25% to 98%, with an average of 51%, for the 2006 holiday season.
Harinder Dhillon, Warp 9's CEO, commented, "2006 was indeed an exceptional year. Our bird's eye view of e-commerce activities reinforces our growth expectations for the next several years. In 2007 alone, we expect that our clients will transact well over $100 million of business through the Warp 9 ICS e-commerce platform. We are ecstatic about our clients' successes and passionate about being in this industry. When our clients succeed, we succeed. We just finished one of the best quarters in the history of the Company and we look forward to many more to come."
Warp 9 powers some of the most successful e-commerce websites such as http://www.magellans.com, http://www.wolfermans.com, http://www.windandweather.com, http://www.carabella.com, http://www.ablambdin.com and http://www.sportssection.com.
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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