UnifiedOnline Inc fka UOIP

[Sazo233]

WE GOT NEWS!!!


-- Revenue increased 65% quarter-over-quarter; 11% year-over-year
-- Operating expenses decreased 54% for the quarter compared to same quarter in fiscal 2010 and 36% year to date over the prior fiscal year to date period
-- Net loss of $0.01/share current year to date compared to a net loss of $0.04/share in prior year
-- Company announced definitive merger agreement with Promark Technology, one of the premier value-added storage distributors in the United States
-- Received reorder for geospatial storage appliance from BP for Gulf oil spill monitoring and analysis
-- Received add-on order from Fortune 500 Telecommunications Company
-- Company partners with Thermopylae Science and Technology to offer the Enterprise visualization appliance powered by Google Earth on GSA contract

"Both Dale Foster, President of Promark Technologies, and I are looking forward to the pending merger between our two companies. The merger will transform our companies into a data storage/technology company with revenues in excess of $100 million annually, led by an industry experienced management team. In addition, the Company will continue to expand its intellectual property portfolio, nationwide distribution and proprietary products in some of the fastest growing markets in the world. We expect the planned merger to close during IceWEB's fiscal third quarter which ends June 30, 2011."