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| Announces the Acquisition of Jimary Business Systems
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Wednesday, December 8, 2004
For Release at 1:30 PM EST
Pittsburgh, PA: Allin Corporation (OTCBB: ALLN), an information technology consulting company, announced that it has acquired the operations of Accounting Technology Professionals LLC d/b/a Jimary Business Systems. The acquisition will add seven employees to Allin’s Business Process Practice Area. Allin’s Business Process Practice Area delivers technology solutions focused on Microsoft business management software such as Great Plains and Solomon financial software and Microsoft CRM. Allin’s Business Process solutions involve implementing and customizing the Microsoft software packages to help organizations automate processes, make more profitable decisions and accelerate growth.
“With the acquisition of Jimary, we have been able to come to agreement with another of the top providers of Microsoft Business Solutions in the Greater Pittsburgh marketplace,” commented Rich Talarico, Allin’s chief executive officer. “We strive to be important to Microsoft in each market and market segment that we serve by being a major provider of Microsoft services, remaining on the leading edge of where Microsoft is headed and by offering unsurpassed service to our clients. The three acquisitions we have announced in the past few weeks ensure that we can meet that goal in the Greater Pittsburgh market for Microsoft Business Solutions.”
Tim O’Shea, managing director of Allin’s Pittsburgh consulting operations added, “The result of the recent string of acquisitions is that we now have one of the most experienced and deepest Microsoft Business Solutions teams in the region. The Jimary acquisition complements the two acquisitions recently announced as this business has a larger concentration of Solomon clients, while the others were more heavily concentrated in Great Plains solutions. Combining the expertise of our Business Process team with our Technology Infrastructure and Collaborative Solutions teams will provide our combined customer base with integrated business and technology solutions that span each practice area.”
“As the market for Microsoft Business Solutions changes, it has become clear that smaller organizations are either going to have to grow very quickly or join forces with larger organizations to be able to remain competitive,” commented Dan Franklin, principal of Jimary Business Systems. “Competing in the Pittsburgh market for a number of years, we had a good feel for the players and Allin stands out as the premier Microsoft partner in the area. We are thrilled that we were able to put together a transaction that will enable us to concentrate on delivering complete solutions that leverage Allin’s traditional strengths, as well as our business process expertise, to serve the combined client base. This is clearly a case where Jimary’s and Allin’s customers will benefit from the alliance.”
Beginning with the next reporting period, Allin will segregate Business Process Practice Area revenue and gross margin for reporting purposes. Prior to the most recent acquisitions, business process revenue was reported through the Company’s Collaborative Solutions Practice Area. Due to the short amount of time remaining in the fourth quarter, the addition of Jimary’s operations is not expected to alter the current financial forecast that Allin’s management provided with its third quarter earnings release on November 3, 2004.
About Allin Corporation
Allin Corporation is a leading provider of solutions-oriented application development and technology infrastructure consulting and systems integration services. Allin specializes in interactive media and Microsoft-based technologies with operations centered on four practice areas: Interactive Media, Technology Infrastructure, Collaborative Solutions and Business Process. Allin leverages its experience in these areas to work with clients through a disciplined project delivery framework to ensure that solutions are delivered on time and on budget. Allin delivers these services through the trade names Allin Consulting and Allin Interactive. The Company maintains offices in Pittsburgh, Pennsylvania, Ft. Lauderdale, Florida and San Jose and Walnut Creek, California. For additional information about Allin, visit the Company’s Internet site on the World Wide Web at http://www.allin.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the safe harbors created thereby. These forward-looking statements are based on current expectations and projections about future events and financial trends. The words or phrases “ensure,” “will provide” and similar words or expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. The forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among other things, the Company’s limited operating history under its new marketing strategies, risks inherent in the development of new markets and products, the need for management of growth, limited capital and competitive market conditions. These are representative of factors which could affect the outcome of the forward-looking statements. In addition, such statements could be affected by general industry and market conditions and growth rates, general domestic and international economic conditions and future incidents of terrorism or other events that may negatively impact the markets where the Company competes. The Company undertakes no obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
CONTACT: Dean C. Praskach Phone: (412) 928-2022
Chief Financial Officer Telefax: (412) 928-0225
Allin Corporation E-mail: Dean.Praskach@allin.com
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