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RS will be between 750 and 1250 to one - pretty friggin big as they intend to jettison retail investors so they can suck up to the wall street slimeballs.
Hope it doesn't work out for them.
Greedy bastards
now looking for R/S glad only had on watch ISGN
glad I didnt jump in early, coming right back to where she started ISGN
Communications Intelligence Corp., CICI, changed to iSign Solutions Inc., ISGN:
http://otce.finra.org/DLSymbolNameChanges
Needs more volume. lol! One Hitter, Quitter.
I don't think there's anything of substance behind the run up here the last couple of days. I was hoping for some good news today to explain the recent increase in the pps & volume, but we got nothing. It seems that flippers ran it up to make a quick buck, unless we get some information that will bring continued buying. IMO
Does anyone know why the increase in the volume & pps the last couple of days? Is this company expecting some really good news soon??
~ $CICI ~ Parabolic SAR Buy Signals ~ Criteria alert for last trading session!
$CICI has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
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CICI: remember this 8k? Item 3.02 Unregistered Sales of Equity Securities
As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on September 20, 2012, on September 14, 2012, Communication Intelligence Corporation (the “Company”) entered into subscription agreements (the “Subscription Agreements”) with certain investors (the “Investors”). Under the terms of the Subscription Agreements, the Investors purchased $1,103,000 of unsecured convertible promissory notes (each a “Note,” and, collectively, the “Notes”), and, subject to the satisfaction of certain closing conditions, agreed to purchase at a subsequent closing (the “Final Closing”) additional shares of Series D-2 Preferred Convertible Stock (“Series D-2 Preferred Stock”) at a purchase price of $1.00 per share. The Series D-2 Preferred Stock is convertible into shares of Common Stock at an initial conversion price of $0.05 per share (subject to adjustment). On November 15, 2012, the Company completed the Final Closing of the Financing, issuing an aggregate of approximately 2,204,000 shares of Series D-2 Preferred Stock under the terms of the Subscription Agreements, through both the conversion of the Notes and the sale of additional shares of Series D-2 Preferred Stock. In addition to the above issuances, as described in greater detail in the Company’s Current Report on Form 8-K filed with the SEC on September 20, 2012, at the Final Closing approximately $1,057,000 in aggregate principal and accrued interest of certain other outstanding convertible promissory notes was automatically converted into shares of Series D-2 Preferred Stock at a conversion price of $1.00 per share (the “Automatic Conversion”).
Pursuant to the terms of an Agreement to Amend and Convert Unsecured Convertible Promissory Notes (the “Agreement to Amend and Convert”), holders of certain outstanding convertible promissory notes also had previously agreed to convert at the Final Closing approximately $1,110,000 in aggregate principal and accrued interest into shares of Series D-1 Convertible Preferred Stock (the “Series D-1 Preferred Stock”) at a conversion price of $1.00 per share. The Series D-1 Preferred Stock is convertible into shares of the Common Stock at an initial conversion price of $0.0225 per share (subject to adjustment). These shares of Series D-1 Preferred Stock were issued at the Final Closing. The transactions contemplated by the Subscription Agreements, the Automatic Conversion, and the Agreement to Amend and Convert are referred to herein as the “Financing”.
In total, in connection with the Financing, the Company issued at the Final Closing approximately 3,261,000 shares of Series D-2 Preferred Stock, approximately 1,110,000 shares of Series D-1 Preferred Stock and warrants to purchase an aggregate of 3,000,000 shares of common stock at an initial exercise price of $0.05.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926681
http://investorshub.advfn.com/Communications-Intelligence-Corp-CICI-3180/
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=cici
http://www.otcmarkets.com/stock/CICI/company-info
CICI Security Details
Share Structure
Market Value1 $8,755,637 a/o Dec 28, 2012
Shares Outstanding 224,503,503 a/o Nov 14, 2012
CICI .044 1.5mil vs 201k_vol 10dayavg
7.5x the 10day avg. volume today
http://stockcharts.com/c-sc/sc?s=CICI&p=d&b=2&g=0&id=p17970548896
HUGE $1.7 millon dollar buy in shares today...
PR coming, someone knows something!
Great price to load up here
PR NEWS!!
Cegedim and CIC partner for high-security dematerialization
Electronic Signature Service Bureau Support for SEPA eMandate Compliance.
PARIS and REDWOOD SHORES, Calif., July 2, 2012 /PRNewswire/ --
Cegedim Global Payments ("Cegedim"; EURONEXT: CGM), a specialist in global payment systems and dematerialization, or the removal of paper-based processes, and Communication Intelligence Corporation ("CIC"; OTCQB: CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, have partnered to help enterprises migrate their systems to the Single Euro Payments Area ("SEPA"), the European Union's payment integration initiative for simplification and harmonization of member state money transfer systems.
Cegedim's innovative MAEA software suite, which complies both with SEPA requirements and the European Commission's Payment Services Directive, and which allows enterprises to maintain their existing subscription and collection processes with minimum impact on their IT infrastructures, coupled with CIC's electronic signature technology represents an elegant and easy to integrate solution that delivers full dematerialization for enterprises.
Initially focused on direct debits, which have become the second most widely used payment method in Europe (after bank cards), with 20 billion transactions in 2010, of which 3.4 billion in France, MAEA provides a complete solution for the management of SEPA electronic mandates ("eMandates"), or authorizations, and related payment transactions. CIC's electronic signature solution is accessed for completion of a valid eMandate and is available now for immediate deployment through MAEA as a high security service bureau that completes each eMandate with a separate and valid electronic signature.
"With the European Parliament's recently set deadline of February 1, 2014, for full migration to SEPA, it is imperative that enterprises commence the migration process immediately," stated Jean-Marie Simon, Director of Cegedim Global Payments. "Cegedim anticipated this accelerated schedule and, as one of the only available SEPA compliant platforms, has already started to work on a number of MAEA implementations."
"Electronic signatures represent a cornerstone of the drive towards dematerialization and of the proven cost savings afforded by straight-through electronic processing," continued Mr. Simon. "We conducted an extensive search for the ideal electronic signature provider to partner with and chose Silicon Valley-based CIC due to its commitment to high-security electronic solutions and its leadership position in biometric signature verification. CIC has a long and successful track record in solving the high volume electronic signature requirements for several leading financial institution and insurance carrier enterprises, for which signature authenticity and validity represents an indispensable condition for the adoption of an electronic signature solution."
"Cegedim's MAEA platform is a world class, elegant solution that solves the significant SEPA challenge faced by European enterprises today, and is a perfect fit to CIC's one-to-many, partner integration strategy," stated William Keiper, CIC's President and Chief Operating Officer. "CIC has delivered tangible ROI to our end users in their dematerialization efforts, and is confident that the SEPA migration represents a unique opportunity for adopters of MAEA to generate immediate cost savings and to manage their businesses more efficiently."
"We look forward to a long and mutually beneficial relationship with Cegedim," continued Mr. Keiper. "MAEA is only the first step in a wider opportunity that will deliver electronic signature solutions and straight-through processing to Cegedim's CRM and other businesses and to their respective clients."
MAEA supports all the legal requirements and needs for timely SEPA migration, and is targeted to major European creditors in all business sectors. For more information on MAEA and Cegedim's related solutions, including its Sign & Archive and CEGEPass services, please visit http://www.cegedim.fr/solutions/tous-secteurs/Pages/Migration-SEPA.aspx.
Cegedim also offers new payment methods for the settlement of electronic invoices, using its direct debit management solutions and relying on CIC's electronic signature technology. Without such critical solutions, related development prospects for enterprises are daunting, considering the February 1, 2016, date for final elimination of all paper-based payment methods.
About Cegedim:
Founded in 1969, Cegedim is a global technology and services company specializing in the healthcare field. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare industries, life science companies, healthcare professionals and insurance companies. The world leader in life sciences CRM, Cegedim is also one of the leading suppliers of strategic healthcare industry data. Cegedim employs 8,200 people in more than 80 countries and generated revenue of euro 911 million in 2011. Cegedim SA is listed in Paris (EURONEXT:CGM). To learn more, please visit: www.cegedim.com. Cegedim's logo is a registered trademark of Cegedim.
About CIC:
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California, and is listed on the OTCQB www.otcmarkets.com's "venture marketplace" (CICI). For more information, please visit our website at www.cic.com. CIC's logo is a registered trademark of CIC.
Forward looking statements:
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the Company's solutions; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
Contacts:
Aude BALLEYDIER
Cegedim
Media Relations
Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.fr
Jan Eryk UMIASTOWSKI
Cegedim
Chief Investment Officer
Investor Relations
Tel.: +33 (0)1 49 09 33 36
investor.relations@cegedim.fr
Guillaume DE CHAMISSO
Press Papiers Agency
Press Relations
Tel.: +33 (0)1 77 35 60 99
guillaume.dechamisso@presspapiers.fr
Andrea GOREN
CIC
Investor Relations and Media Inquiries
Tel.: +1 650 802 7723
agoren@cic.com
CICI news just out!
Maybe play for 20%-30% and get out...
Liquidity sucks.
$CICI ~ Buy-ins ~ Naked Short List! In Charts and links! for March. 7th 2012 - Daily and Weekly views.
Chart results for you to ponder with me.. Certain charts may be reposted while on the Buy-ins website, Click next or previous at the top of the page to see my others.
~ Barchart: http://barchart.com/quotes/stocks/CICI?
~ OTC Markets: http://www.otcmarkets.com/stock/CICI/company-info
~ Google Finance: http://www.google.com/finance?q=CICI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CICI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CICI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CICI
Finviz: http://finviz.com/quote.ashx?t=CICI
~ BusyStock: http://busystock.com/i.php?s=CICI&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CICI&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CICI
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CICI
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CICI
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=CICI
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CICI
~ MarketWatch: http://www.marketwatch.com/investing/stock/CICI/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CICI
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CICI
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CICI&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CICI&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CICI&size=l&frequency=60&color=g
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CICI&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CICI&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CICI&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CICI&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CICI&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CICI&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Twitter: @MACDgyver ---> CICI <---
Must have a boatload of shares out...1005s getting smacked silly and no movement...?
Darthtrader sent an email on this one
i will pm it to you, one moment please
Who was the Email from, if I might ask?
CIC Reports Third Quarter 2011 Results
| 8:23 AM | By PR Newswire Association LLC. |
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68991414
CIC Names New Board Member
Stanley L. Gilbert to Replace Francis J. Elenio
REDWOOD SHORES, Calif., Oct. 24, 2011 /PRNewswire/ -- Communication Intelligence Corporation ("CIC") (otcmarkets.com: CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, today announced the election of Stanley L. Gilbert to its Board of Directors, effective immediately. Mr. Gilbert will replace Francis J. Elenio, who resigned from the Company's Board of Directors on October 19, 2011.
Mr. Gilbert has more than 45 years experience as a lawyer with primary specialties in wills, trusts, estate planning and administration, as well as tax planning. Mr. Gilbert is Founder, President and owner of Stanley L. Gilbert PC, and has also been a partner of a number of law firms, including Nager Korobow and Gilbert, Bell Kallnick Klee and Green, and Migdal Pollack Rosenkrantz and Sherman. In addition, Mr. Gilbert serves as Director of Planned Giving at Columbia University Medical Center's Nathaniel Wharton Fund, which supports a broad variety of projects in basic research, clinical care and teaching. Mr. Gilbert graduated Phi Beta Kappa and Magna Cum Laude from the University of Buffalo and earned his law degree at Stanford Law School. Mr. Gilbert was elected by a majority of CIC's Series C and Series B Preferred stockholders voting together as a separate class on an as converted to common stock basis, and will serve on CIC's audit and compensation committees.
"I have known Stanley for many years and find him to be a smart, capable and ethical person that represents a great addition to CIC's Board of Directors," stated Philip Sassower, CIC's Chairman and Chief Executive Officer. "Stanley has been involved for many years with CIC as one of its largest shareholders and is very motivated to see the company succeed. I believe he will bring a fresh perspective to CIC and will be in a position to add value from the beginning, especially in legal and financial matters. We are fortunate to have him on board. We also want to thank Frank Elenio for his dutiful service and for the contributions made to CIC during his tenure."
About CIC
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at http://www.cic.com
Forward Looking Statements
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the Company's solutions; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
Contact Information:
CIC
Investor Relations & Media Inquiries:
Andrea Goren
+1.650.802.7723
agoren@cic.com
SOURCE Communication Intelligence Corporation
Going up & insiders are selling like mad!
CICI $2,200,000 Working Capital.....
http://www.sec.gov/Archives/edgar/data/727634/000110465910061961/a10-22696_18k.htm
"CICI News" CIC Signs Agreement With CSC to Extend Electronic Signature Solutions Into Multiple Platforms
http://www.prnewswire.com/news-releases/cic-signs-agreement-with-csc-to-extend-electronic-signature-solutions-into-multiple-platforms-99931839.html
New Agreement Expands Electronic Signature into Banking, and Insurance Platforms, Including CSC's Celeriti
REDWOOD SHORES, Calif., Aug. 4 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: CICI) Communication Intelligence Corporation ("CIC") a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today that CSC (NYSE: CSC) a leading information technology services company has signed an agreement whereby CIC's full suite of electronic signature technology will be incorporated into Celeriti™, CSC's new end-to-end suite of modern enterprise banking, payments, lending, cards and merchant products as well as into certain components of CSC's extensive portfolio of insurance processing systems.
Under the agreement, CSC will be able to provide the essential technology components to effectively serve large, medium and small organizations needing electronic signature capabilities. From concept to execution, CSC focused on the core pillars of customer experience when selecting a partner. These included brand, customer interface, and innovation relative to its customers' needs for sales, customer retention, and the ability to cross sell. Banks, and other financial services firms, can continue to look to CSC to help them modernize, run and maintain their systems and infrastructure to achieve their growth, stability, security and cost reduction objectives.
"Our banking industry clients are increasingly seeking electronic signature solutions," said John Dickson, President of CSC's Banking and Credit Services Division. "With this alliance, we have combined the experience of two market leaders to offer a more cost-effective, secure and efficient process for signing new loan applications, opening new accounts and fulfilling service requests."
As part of its IT modernization framework, CSC's vision for its new suite of Celeriti products, components and services includes the extension of critical components of its architecture through electronic signature. CIC's SignatureOne® Ceremony® Server is the answer. CIC's electronic signature technology is designed to enable a bank to grow and change with the times. The need for incremental, staged business innovations and improvements that provide improved customer service through well designed processes, and innovative products are needed to foster growth in a stagnant economy, where cost reductions are the rule.
"Innovation is the lifeblood of any company large or small seeking to introduce new ideas and products that ultimately improve our clients' ability to serve their customers and grow. In this age of complex social media, mobile banking and payments, it was important for CSC to select a partner that could handle a multiplicity of implementation scenarios," said Paul Leadbetter, CSC's Global CTO for Banking and Credit Services Division. "CSC recognized CIC as a leader in providing this critical component of its SOA architecture, providing connectivity that could be seamlessly branded across an entire enterprise to provide a consistent level of customer service and compliance."
"Teaming with CSC represents the next step in our continuous efforts to truly deliver end-to-end solutions and services to meet the diverse needs of financial services organizations," stated Guido DiGregorio, CIC's Chairman & CEO. "We are now able to offer the industry a complete hosted or on-premise solution and an automated process that results in greatly expedited response times. We look forward to working with CSC and to extending our electronic signature technology to enhance CSC's other financial services platforms."
"Electronic signature is a critical component of most modernized workflow environments. CSC understands the need to offer flexibility, scalability, and adaptability in its integrated solutions," stated Beth Selling, CIC's Vice President, Channel Development & Partner Sales. "CSC has the expertise and understanding of the banking and insurance systems, and the professional services and consulting organizations to assist in designing and implementing quality technology improvements. CIC's technology coupled with CSC's new Celeriti framework technologies provides a powerful combination capable of addressing most paperless processing requirements for a modern financial services organization."
CICI News
CIC Teams with Docubase Systems to Deliver eSignature Enabled Document Management Solutions
Date : 12/02/2009 @ 8:30AM
Source : PR Newswire
Stock : (CICI)
Quote : 0.125 0.0 (0.00%) @ 8:13AM
CIC Teams with Docubase Systems to Deliver eSignature Enabled Document Management Solutions
Combined Offering Will Address a Broad Array of Industry Segments Including Financial, Government & Healthcare
REDWOOD SHORES, Calif. and PALM HARBOR, Fla., Dec. 2 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification and Docubase Systems Inc. ("Docubase"), a leading International Electronic Document Management (EDM) software provider announced today that they have entered an agreement to provide their products and services as an integrated solution for the financial services, government and healthcare industries.
Under the terms of the agreement CIC will provide its industry proven electronic signature technology for Docubase's document management software suite. CIC's comprehensive product suite of software tools, shrink-wrapped solutions and server technologies address the stringent international requirements of the countries in which Docubase operates. The flexibility and open architecture of CIC's products enable a rapid and seamless integration into these systems and fully supports customization by Docubase for its customers.
"Docubase chose CIC because of its market leadership, best practice solutions, widespread industry adoption and its ability to provide a common eSignature process and methodology that meets the legal, information security and compliance standards of large enterprise customers," stated Dane Clarke, US Sales/Business Development Manager of Docubase. "This combined offering enables us to offer electronic signature capabilities to our customers, allowing them to operate more efficiently at lower cost of operations while eliminating the storage of paper based documents containing signatures."
"As electronic workflows are rapidly becoming wide-spread, electronic signatures play a crucial role in automating the more cost intensive, final stage processing of paper documents," stated Guido DiGregorio, CIC's Chairman & CEO. "Through the partnership with Docubase, we are able to extend their industry proven solutions with our technologies to enable truly paperless business processes while expanding our market coverage to a new base of global customers."
About Docubase Systems, Inc.
Docubase Systems, Inc. is a leading provider of Electronic Document Management Systems (EDMS), worldwide. Well suited to address the needs of small, medium or large commercial and government organizations, the Docubase architecture is designed for scalability and matching the growth of a business from stand-alone systems to enterprise-wide configurations. Docubase is available as either a turn-key in-house solution or complete Software as a Service (SaaS) giving customers the solution that is best suited for them. Docubase Systems has over 3,000 customers Worldwide in every business sector. For more information, please visit our website at http://www.docubase.net/.
About CIC
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online®" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, Allstate, American Family, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wachovia, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com/
*In December 2008, CIC was named to Forrester Research's "Hot Banking Tech Companies To Watch in 2009" Report.
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
Contact Information
CIC Investor Relations & Media Inquiries: Chantal Eshghipour 650-802-7740
Docubase Systems, Inc. Media inquiries: Dane Clarke 727-723-1484 ext. 7201
DATASOURCE: Communication Intelligence Corporation
CONTACT: Investor Relations & Media Inquiries, Chantal Eshghipour of
CIC, +1-650-802-7740, ; or Media Inquiries, Dane
Clarke of Docubase Systems, Inc., +1-727-723-1484, ext. 7201,
Web Site: http://www.cic.com/
http://www.docubase.net/
CICI listed on Up Trend Stocks :
This one is ready to go !
http://investorshub.advfn.com/boards/board.aspx?board_id=16157
Communication Intelligence Corporation Reports Third Quarter 2009 Financial Results
CIC Achieves 3rd Quarter Cash Flow Positive Operations & Projects Cash Flow Positive Operations for the 4th Quarter
Press Release
Source: Communication Intelligence Corporation
On 9:00 am EDT, Wednesday October 28, 2009
Buzz up! 0 Print.Companies:Communication Intelligence Corp.
REDWOOD SHORES, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC" or "the Company") (OTC Bulletin Board: CICI - News), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today its financial results for the three and nine-month periods ended September 30, 2009.
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CICI.OB 0.20 0.00
{"s" : "cici.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} Total revenues for the three months ended September 30, 2009 were $877,000, an increase of 22% compared to the prior year period of $721,000 and more than double the revenue of $404,000 in the second quarter 2009. Orders received during the three month period ended September 30, 2009 were $1.7 million, an increase of 31% over orders received of $1.3 million for the third quarter 2008. Revenues were primarily attributable to Wells Fargo, Prudential and Snap-on Credit.
The operating loss for the three months ended September 30, 2009, before interest expense and amortization of the loan discount, and deferred financing cost, was $365,000 compared to $487,000 in the prior year period, a decrease of 25%. The decrease in the loss from operations is due to the increased revenues for the three months ended September 30, 2009 as compared to the prior year period. The Company's net loss applicable to common stockholders for the three month period ended September 30, 2009 was $2,575,000 compared to a net loss of $776,000 for the corresponding prior year period. Non-operating expense for the three months ended September 30, 2009 was $2,210,000, an increase of $1,921,000, compared to $289,000 for the corresponding prior year period. This increase is primarily attributable to non-cash loan amortization and deferred financing cost associated with the Company's warrants issued in May 2009, and a $1,529,000 loss related to the derivative liability due to an increase in the market price of the Company's common shares from June 30, 2009 through September 30, 2009. The basic and diluted loss per share was $0.02 on approximately 131 million weighted average common shares outstanding for the three months ending September 30, 2009 and $0.01 on approximately 129 million shares outstanding for the comparable prior year period.
Total revenues for the nine months ended September 30, 2009 were $1,527,000 compared to revenues of $1,558,000 in the corresponding prior year period. The operating loss for the nine months ended September 30, 2009, before interest expense and amortization of the loan discount and deferred financing cost, was $1,947,000, compared to $1,880,000 in the prior year corresponding period. The increase in operating loss is due to both the decrease in revenues and increase in operating expenses over the nine month period.
The Company's net loss applicable to common stockholders for the nine months ended September 30, 2009 and 2008 was $6,678,000 and $3,090,000, respectively. The increase in the net loss is due primarily to the factors stated above for the three month period ended September 30, 2009 and a $829,000 charge to expense of the remaining unamortized non-cash loan amortization and deferred financing cost associated with the cancellation of the Company's June 2008 notes and warrants, in exchange for the new debt and associated warrants issued in May 2009 and a $2,505,000 loss related to the derivative liability due to an increase in the market price of the Company's common shares from January 1, 2009 to September 30, 2009. The basic and diluted loss per share was $0.05 on approximately 131 million weighted average common shares outstanding for the nine months ending September 30, 2009 and $0.02 on approximately 129 million shares outstanding for the comparable prior year period.
"We are, of course, delighted with the significant order related to a top-three US bank deployment but more importantly this win reflects, we believe, the continuing evidence of CIC's leadership as the 'vendor of choice' for financial industry applications," stated CIC's Chairman & CEO, Guido DiGregorio. "This order together with three recent successive wins with top tier insurance companies: Travelers, Allstate and American Family provides, we believe, clear evidence that in both insurance and banking applications, when leading financial industry firms engage in a thorough competitive analysis, including product differentiation, legal/compliance competence, overall support, on-time delivery and proven installed base reliability, CIC has emerged as the preferred supplier.
"CIC has, as a strategy, focused for years on developing a 'lean & agile' team with exceptional core competence capable of establishing long standing strategic partner relationships that allow CIC to rapidly access the product development and/or deployment capabilities required to address virtually any business requirement. We believe this strategy, relative to organizational, product and expense structure, further differentiates CIC by positioning the Company to deliver and support high quality successful on-time deployments at the lowest total cost of ownership. Also, of major significance, is that this strategy enables sustained cash flow positive operation on the lowest levels of revenue as evidenced by this quarter's achievement and the projected achievement of cash flow positive operations for the fourth quarter and the six month period ending December 31, 2009.
"Our third quarter orders, together with current sales related activity, support my second quarter observation that Financial Industry IT spending is freeing up for electronic signature deployments that are increasingly being viewed as mission critical. Along with projecting fourth quarter cash flow positive operations, we anticipate that 2009 revenues will exceed 2008 with the potential for continued and sustained cash flow positive operations."
I hope this wakes it up. I've held this for years waiting for it to do something.
REDWOOD SHORES, Calif., Oct. 6 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (OTC:CICI) (BULLETIN BOARD: CICI) , a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today that a top-three U.S. bank will deploy CIC electronic signature technology in a branch-wide rollout including several thousand recently acquired branches.
"We are, of course, delighted with the significant order related to this deployment but more importantly this win reflects, we believe, the continuing evidence of CIC's leadership as the 'vendor of choice' for financial industry applications," stated CIC's Chairman & CEO, Guido DiGregorio. "This order together with three recent successive wins with top tier insurance companies provides, we believe, clear evidence that in both insurance and banking applications, when leading financial industry firms engage in a thorough competitive analysis, including product differentiation, legal/compliance competence, overall support, on-time delivery and proven installed base reliability, CIC has emerged as the preferred supplier. And, we intend to maintain that leadership position."
About CIC
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online®" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, Allstate, American Family, Bank of America, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wachovia, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com/
*In December 2008, CIC was named to Forrester Research's "Hot Banking Tech Companies To Watch in 2009" Report.
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information
CIC Investor Relations & Media Inquiries: Chantal Eshghipour 650-802-7740
DATASOURCE: Communication Intelligence Corporation
CONTACT: Chantal Eshghipour, +1-650-802-7740, ,
for Communication Intelligence Corporation
Web Site: http://www.cic.com/
Communication Intelligence Corporation Closes Financing
May 29, 2009 6:04:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesREDWOOD SHORES, Calif., May 29 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC" or "the Company") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification, announced today that it has closed a financing, on May 28, 2009 led by Phoenix Venture Fund LLC (the "Investors").
Under the terms of the financing, which was effected as a supplement to the financing closed by the Company in June of 2008, the Company received gross proceeds of $1.1 million from and issued warrants to the Investors to purchase shares of the Company's common stock. In addition, the Company amended the terms of the notes and warrants from the June 2008 financing such that the aggregate debt of approximately $4.8 million accrues interest at the rate of 8% per annum and is due December 31, 2010 and the associated warrants are exercisable for a total of 80,154,217 shares at an exercise price of $0.06 per share through June 30, 2012. The Company intends to use the proceeds from the financing for growth and general corporate purposes, in each case in the ordinary course of business. An affiliate of one of the investors acted as placement agent for the transaction and for such service received $22,000 and warrants to purchase 3,947,917 shares of the Company's common stock on the same terms as those issued to the Investors. The Company expects fees and expenses, including the cash component of the placement agent's fee, in connection with the current financing not to exceed $200,000.
About CIC
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, Allstate, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com.
*In December 2008, CIC was named to Forrester Research's "Hot Banking Tech Companies To Watch in 2009" Report.
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.
Forward Looking Statements
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information
CIC
Investor Relations & Media Inquiries:
Chantal Eshghipour
650-802-7740
investorrelations@cic.com
SOURCE Communication Intelligence Corporation
----------------------------------------------
Chantal Eshghipour of CIC
+1-650-802-7740
investorrelations@cic.com
Striata and CIC Launch Integrated eSignature, eDelivery, and eBilling for the Financial Services Industry
May 11, 2009 8:30:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesIndustry Leading Providers Team Up to Provide High Volume Transaction Solution Enabling Paperless Processing for Banking and Insurance
REDWOOD SHORES, Calif. and NEW YORK, May 11 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification and Striata, the leading North American provider of email bill presentment and payment, announced today that they have entered an agreement to provide their products and services as an integrated solution for the financial services industry.
Under the terms of the agreement, CIC will provide its industry proven electronic signature technology for Striata secure electronic document delivery http://www.cic.comand email bill payment. The joint product offerings represent an ideal solution for virtually any financial application requiring electronic approvals.
As a global eDocuments and eBilling software application developer and services specialist, Striata provides both proven solutions and cutting edge methodologies to maximize both high volume consumer and business to business paper turn off initiatives. Striata has an impressive legacy of dramatically reducing paper, from your local bank to the world's largest financial institutions.
The combined offering enables Striata to offer electronic signature capabilities to its current financial institution customers and extend its platform into new areas of investment and insurance products.
"The financial services industry is administratively burdensome and very paper-intensive," stated Garin Toren, Chief Operating Officer of Striata. "Incorporating CIC's electronic signature technology into our product offering enhances our initiative for providing solutions that reduce costs, increase document security and integrity as well as providing the final and essential step for our customers to easily migrate to a truly paperless environment."
CIC's eSignature solutions have provided documented ROI and are proven to meet the requirements of the most demanding and successful firms in the industry as well as affording top tier software solution providers the opportunity to meet the need to deliver electronic signature based solutions which enhance the customer experience while providing an exceptional competitive advantage.
"We continue to identify select integration partners capable of expanding our technology within key vertical market segments," stated Guido DiGregorio, CIC's Chairman & CEO. "We expect our partnership with Striata and the integration of eSignature with eDelivery and eBilling to be a major opportunity for increasing revenue growth for both firms and to provide further penetration in the financial services industry worldwide."
About CIC
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, AllState, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com
*In December 2008, CIC was named to Forrester Research's "Hot Banking Tech Companies To Watch in 2009" Report.
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.
About Striata
Striata's Secure eDocument Delivery and Email Bill Presentment & Payment (EBPP) are solution sets that deliver a rapid reduction in operational costs, quicker payments and an enhanced customer experience.
Striata revolutionizes the way bills, statements, policies, collection notices, letters, paystubs and other high volume system-generated documents are delivered and paid. Registration requirements are eliminated by emailing feature rich, interactive, encrypted documents directly to the inbox and enabling innovative 1-click electronic payment from within the document itself.
Direct email delivery of bills and statements dramatically increases customer adoption of electronic documents, paper turn off and ePayments. This enables Striata's clients to achieve rapid ROI; complement their existing self-service and e-communication strategies; significantly reduce paper output and to meet their carbon footprint/environmental impact targets.
As a leading international provider of electronic messaging since 1999 with more than 200 blue chip customers, Striata has operations in New York, London, Hong Kong, Sydney, Johannesburg and partners in North, Central & South America, Europe and Asia Pacific. For more information, please visit: http://www.striata.com
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information
CIC
Investor Relations & Media Inquiries:
Chantal Eshghipour
650-802-7740
Striata
Marketing
88 88 USAPAY (872 729)
info@usa.striata.com
SOURCE Communication Intelligence Corporation
----------------------------------------------
Investors or Media
Chantal Eshghipour of Communication Intelligence Corporation
+1-650-802-7740
investorrelations@cic.com; or Marketing
Striata
88 88 USAPAY (872 729)
Starting to make a move:)
All sma's are combining in this one looking for a strong green candle next week.
Looks like things are ramping up I think something's happening for the better here IMO.
Total revenue for the three months ended September 30, 2008 increased $265, or 58%, to $721, compared to $456 in the prior year period. Product revenue reflects a 210% increase in eSignature and a 97% decrease in natural input revenues compared to the prior year period.
All numbers in thousands as per Q
US banks and lenders are challenged with the need to increase revenue while improving the effectiveness and efficiency of their processes in the face of increased regulatory and compliance demands exacerbated by the recent sub prime and credit crisis. The Company anticipates that this crisis, which will lead to increased regulatory controls and the need to administer the billions of bailout dollars to settle troubled mortgages, will accelerate the deployment of electronic signature technology based solutions to address those challenges. Although there is uncertainty relative to how long the capital market/credit crisis will last and to what degree its impact will effect IT spending in the financial market that the Company serves, it seems increasingly apparent that financial institutions are recognizing that the Company’s technology addresses their needs for both revenue growth and expense reduction and that the crisis may well accelerate the adoption of electronic signature solutions in the financial services industry.
The Company continues to experience demand for its electronic signature technology in the insurance sector despite the turmoil and volatility in the financial markets. Based upon prior large scale deployments at AEGON/WFG, AIG, Prudential and State Farm, and two new customers which are top tier insurance companies, together with pending orders from other insurance companies, we believe CIC is emerging as the leading and preferred supplier of electronic signature solutions for property/casualty and life applications. Due to the credit crisis certain anticipated orders from banks and lending institutions were not received; however, the October 23, 2008 webinar with Computer Science Corporation (CSC), focusing on a solution to automate the mortgage workout process, has generated encouraging interest and the Company anticipates that it will lead to near term revenue opportunities.
I think we're about see increased revenues in the 4th qtr and with the advent of the new Insurance company signings 2009 could be awesome for CICI IMO.
Total revenue for the three months ended September 30, 2008 increased $265, or 58% to $721, compared to revenues of $456 in the corresponding prior year period. Orders for the three months ended September 30, 2008, however, were $629 higher than revenue recognizable for that period and such orders are expected to be recognized in the fourth quarter of 2008.
Numbers are in thousands as per 10q
Imagine Insurance companies dealing with millions of applications each year and the raw materials and man hours wasted by using old techniques such as having to print out a form, sign it, scan it and then email it back.
The Company's core technologies are classified into two broad categories: "transaction and communication enabling technologies" and "natural input technologies". bThese technologies include multi-modal electronic signature, handwritten biometric signature verification, cryptography (Sign-it, iSign, and SignatureOne) and multilingual handwriting recognition software (Jot).
Emerging giant, undiscovered GEM?
CIC Named to Independent Research Firm's 'Hot Banking Tech Companies to Watch in 2009' Report
REDWOOD SHORES, Calif., Dec 29, 2008 /PRNewswire-FirstCall via COMTEX/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification, announced today it has been named to Forrester Research's "Hot Banking Tech Companies To Watch In 2009" Report dated December 2008.
The Forrester report states in part:
"Communications Intelligence Corporation, or "CIC" (www.cic.com), provides legally binding and compliant electronic signature solutions targeted at the contract execution needs of banks, insurers, and public sector markets... CIC has struck a partnership with CSC that, while complementing a number of CSC's core banking application offerings, is being delivered as one of the tools that CSC is providing to facilitate mortgage loan modifications and workouts and improve loss mitigation process efficiency... CIC's SaaS-based electronic signature solutions help speed up a very lengthy and painful process that can often take as long as 90 days, reducing the time to less than three days to say nothing of borrower stress levels.
Why it's important. At the end of the third quarter of 2008, the seasonally adjusted total delinquency rate was the highest recorded by the Mortgage Bankers Association... As the economy further deteriorates, the number of foreclosures will increase, along with the call for more regulation to move more borrowers through the process faster and more fairly... There have been few technology vendors that have targeted the mortgage workout market, despite the obvious need and the far-reaching economic consequences if the industry maintains its 'business as usual' approach. Partnerships such as the one struck by CIC and CSC bring technology that addresses a complex and very real economic and social problem."
CIC's Chairman & CEO, Guido DiGregorio stated: "We are pleased to be recognized for our contribution to automating the mortgage workout process. Partnering with CSC to integrate our technologies to deliver a SaaS-based electronic signature solution reduces a very lengthy and painful process involving many parties, that can often take several months, to less than three days alleviating borrower stress along with significant expense reductions. This product offering reflects the timeliness and benefits of our technology coupled with our ability to effectively and efficiently integrate our technology with selected partner offerings to significantly enhance the value of the end solution."
For the full Report including an overview of the financial market factors driving the need for CIC's solutions, click on link below:
Forrester Report
About CIC
Moew news
CIC to Host Webinar Featuring Independent Research Firm: 'Enabling Straight Through Processing - Why the Insurance Industry Needs Electronic Signature Technology'
REDWOOD SHORES, Calif., Jan 14, 2009 /PRNewswire-FirstCall via COMTEX/ -- Communication Intelligence Corporation (OTC Bulletin Board: CICI) ("CIC"), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification will be joined by guest Forrester Research, Inc, an independent technology and market research company that provides pragmatic and forward-thinking advice to global leaders in business and technology, in hosting a live webinar entitled "Enabling the Straight Through Processing - Why the Insurance Industry Needs Electronic Signature Technology" on February 11, 2009 at 1:00 pm EST.
The insurance industry is turning up the heat on their eBusiness strategies not only to reduce transaction costs but to forge closer relationships with their customers and agents. According to the September 2008 Forrester Research report "North American Insurance IT Spending in 2008," 49% of US insurance companies surveyed indicated that increasing or expanding their online presence and eCommerce capabilities was a critical or high priority for them. This shift to eBusiness is a fundamental change for the industry, since insurance is all about producing documents, whether the paper that document is "printed" on is real or virtual. Technologies, like electronic signature, figure prominently in successful eBusiness strategies since they accelerate the quote to revenue process while fostering better customer experiences.
The February 11 webinar will feature Ellen Carney, industry-leading Senior Analyst, Forrester Research, author of the research entitled "North American Insurance IT Spending in 2008" and Russ Davis, CIC's Chief Technology Officer.
Targeted to the Insurance Industry including US carriers, broker/dealers and agents seeking expert, practical advice this one hour webinar provides an overview of the challenges that the insurance industry is encountering in the transition to eBusiness, and how CIC's SignatureOne(R) Ceremony(R) solution shortens cycle time while reducing costs associated with paper, transport, and record storage. Topics covered include:
-- What's ahead for the US insurance industry in 2009
-- Four key factors are driving insurers to move to eBusiness
-- How electronic signatures play a key role in the insurance
industry's eBusiness strategy
To enroll for the event please Register Here
About CIC
Here's some nice news
Two of the Top-5 US Property & Casualty Insurance Companies Deploy CIC's eSignature Server Solutions
REDWOOD SHORES, Calif., Jan 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today that two leading providers of property and casualty insurance for auto, home and business have deployed CIC's SignatureOne(R) Ceremony(R) Server Solution to provide a completely paperless process for their customers.
The SignatureOne Ceremony Server is a J2EE server product that provides the capability to define and manage an electronic signature process within a Service Oriented Architecture to be implemented in an On-Premise Deployed Model or through a Software as a Service (SaaS) environment. This product enables the use of web services to pass documents and/or packages of documents and related data to a server that facilitates end-to-end management of multi-party approvals of documents, truly enabling the straight through processing of electronic forms.
"We are pleased that two of the top-5 US insurers chose CIC to fulfill their automation needs," stated Guido DiGregorio, CIC's Chairman & CEO. "The cost and time savings of doing business online are significant. CIC's electronic signature technology provides these leading insurers the final and essential step to easily migrate to a truly paperless environment. With their focus on full functioning, easily extensible and proven electronic signature technology, CIC was the natural choice for these leading insurance companies because of our extensive and successful track record of deployment in the financial services sector. We look forward to continuing the contributions our electronic signature technology is affording the insurance industry in meeting the challenges and market demands the industry is facing including sales process automation and enabling truly straight through processing of electronic forms."
Looks like O/S from their last 10k was 129m but it seems they've done 3 x offerings totalling just over 106m since so I think the O/S is nearer 235m at this current time.
Decided to take a look at this one after looking at the chart.
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