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Thursday, 10/08/2009 1:48:13 PM

Thursday, October 08, 2009 1:48:13 PM

Post# of 173972
01:30pm: ZIXI update:

Zix Corporation CEO Provides Corporate Update for Third Quarter 2009--Current estimates have the Company expecting to achieve its guidance

DALLAS, Oct 08, 2009 /PRNewswire-FirstCall via COMTEX/ --
Zix Corporation (ZixCorp((R))), (Nasdaq: ZIXI), the leader in hosted services for email encryption and payor-sponsored e-prescribing, today offered a corporate update by its chief executive officer, Rick Spurr.
"The third quarter was another solid quarter for ZixCorp and we are on target to report within the range of our previously-issued guidance," said Spurr. "Preliminary estimates are that we should meet our revenue guidance of $7.5 to $7.8 million and our guidance for adjusted earnings per share (which excludes non-cash stock-based compensation, non-recurring items, and uses an effective tax rate of less than 1 percent) of $0.00 to $0.01 per share. If these preliminary estimates hold true in the final numbers for the quarter, each would represent a record result for ZixCorp."
"In our Email Encryption business, ZixCorp delivered $6.5 million in total orders in the third quarter which is traditionally our slowest quarter of the year in our Email business. This included $1.3 million in new first-year orders, a 13 percent increase over the 2008 third quarter," continued Spurr. "We saw continued success in both healthcare and financial services, demonstrating the strength of our Software as a Service (SaaS) solution. With a strong renewal rate of 91 percent and several competitive win-backs during the quarter, we remain well-positioned for future success in this business by capitalizing on our recognized leadership position in the industry."
About the Company's e-Prescribing business, Spurr said, "As we continue our review of strategic alternatives for our e-Prescribing service, we remain committed to operating on a business-as-usual basis with respect to executing our existing contracts and providing quality services to our customers. Our PocketScript business achieved our e-Prescribing deployment guidance for the third quarter with approximately 210 new deployments. Also, in the third quarter, which historically shows some drop-off with many physicians taking vacations over the summer months, we processed over 2.3 million scripts, an increase of approximately 16 percent compared with the third quarter in 2008."
ZixCorp to Announce Third Quarter 2009 Results on October 27
The Company's third quarter 2009 operating results will be released after close of the U.S. financial markets on October 27, 2009. A conference call will be held to discuss this information on October 27 at 5:00 p.m. ET.
A live Webcast of the conference call will be available on the investor relations portion of ZixCorp's Web site at http://investor.zixcorp.com. Alternatively, participants can listen to the conference call by dialing 617-213-8058 or toll-free 866-578-5801 and entering access code 34628571. An audio replay of the conference will be available until November 3, by dialing 617-801-6888 or toll-free 888-286-8010, and entering the access code 38605390, and after that date via Webcast from the Company's Web site.

I sold on the news, since I couldn't get excited about .01 eps for the qtr. ...

good luck,
'peeker

Chiura Obata painting at Yosemite


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